Should I buy or sell TowneBank stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TowneBank in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" TOWN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TOWN, but not buy additional shares or sell existing shares. View TOWN analyst ratings or view top-rated stocks .

What is TowneBank's stock price target for 2024?

3 Wall Street research analysts have issued twelve-month target prices for TowneBank's stock. Their TOWN share price targets range from $27.00 to $32.00. On average, they predict the company's share price to reach $29.00 in the next twelve months. This suggests a possible upside of 10.8% from the stock's current price. View analysts price targets for TOWN or view top-rated stocks among Wall Street analysts .

How have TOWN shares performed in 2024?

TowneBank's stock was trading at $29.76 at the beginning of the year. Since then, TOWN stock has decreased by 12.1% and is now trading at $26.17. View the best growth stocks for 2024 here .

Are investors shorting TowneBank?

TowneBank saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 506,200 shares, a decline of 29.4% from the March 15th total of 717,000 shares. Based on an average trading volume of 243,900 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.8% of the shares of the stock are short sold. View TowneBank's Short Interest .

When is TowneBank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our TOWN earnings forecast .

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) posted its quarterly earnings data on Wednesday, January, 24th. The bank reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by $0.05. The bank earned $155.55 million during the quarter, compared to analysts' expectations of $164.67 million. TowneBank had a net margin of 16.33% and a trailing twelve-month return on equity of 8.03%. The business's revenue was down 11.3% on a year-over-year basis.

How often does TowneBank pay dividends? What is the dividend yield for TowneBank?

TowneBank declared a quarterly dividend on Wednesday, February 28th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.25 per share on Friday, April 12th. This represents a $1.00 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Wednesday, March 27th. Read our dividend analysis for TOWN .

Is TowneBank a good dividend stock?

TowneBank (NASDAQ:TOWN) pays an annual dividend of $1.00 per share and currently has a dividend yield of 3.87%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 48.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TOWN will have a dividend payout ratio of 38.31% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TOWN .

What ETFs hold TowneBank's stock?

ETFs with the largest weight of TowneBank (NASDAQ:TOWN) stock in their portfolio include First Trust NASDAQ ABA Community Bank Index Fund (QABA) . SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) .

What is J. Morgan Davis' approval rating as TowneBank's CEO?

12 employees have rated TowneBank Chief Executive Officer J. Morgan Davis on Glassdoor.com . J. Morgan Davis has an approval rating of 100% among the company's employees. This puts J. Morgan Davis in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of TowneBank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TowneBank investors own include Dominion Energy (D) , Noble (NE) , Altria Group (MO) , Southern (SO) , Weyerhaeuser (WY) , Goodyear Tire & Rubber (GT) , NVIDIA (NVDA) , Pfizer (PFE) , AT&T (T) and Armada Hoffler Properties (AHH) .

Who are TowneBank's major shareholders?

TowneBank's stock is owned by many different retail and institutional investors. Top institutional shareholders include Compton Wealth Advisory Group LLC (0.01%).

How do I buy shares of TowneBank?

Shares of TOWN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Positive News SentimentPositive News

NASDAQ:TOWN

TowneBank (TOWN) Stock Price, News & Analysis

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Free TOWN Stock Alerts

$26.17

+0.34 (+1.32%)

(As of 04/18/2024 ET)

Compare

Today's Range: $25.77
▼
$26.26
50-Day Range: $25.83
▼
$28.15
52-Week Range: $21.22
▼
$31.08

Volume: 238,276 shs
Average Volume: 243,228 shs
Market Capitalization: $1.90 billion

P/E Ratio: 12.64
Dividend Yield: 3.82%
Price Target: $29.00

Get TowneBank alerts:

TowneBank MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 10.8% Upside
$29.00 Price Target
Short Interest: Healthy
0.75% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.55
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 21.40%
From $2.15 to $2.61 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.45 out of 5 stars

Finance Sector

196th out of 822 stocks

State Commercial Banks Industry

47th out of 172 stocks

2.2

Analyst's Opinion

Consensus Rating
TowneBank has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
TowneBank has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.75% of the float of TowneBank has been sold short.
Short Interest Ratio / Days to Cover
TowneBank has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in TowneBank has recently decreased by 29.40%, indicating that investor sentiment is improving significantly.

5.0

Dividend Strength

Dividend Leadership
TowneBank is a leading dividend payer. It pays a dividend yield of 3.87%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
TowneBank has been increasing its dividend for 12 years.
Dividend Coverage
The dividend payout ratio of TowneBank is 48.31%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, TowneBank will have a dividend payout ratio of 38.31% next year. This indicates that TowneBank will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TOWN.

3.1

News and Social Media Coverage

News Sentiment
TowneBank has a news sentiment score of 1.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for TowneBank this week, compared to 2 articles on an average week.
MarketBeat Follows
9 people have added TowneBank to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TowneBank insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 8.14% of the stock of TowneBank is held by insiders.
Percentage Held by Institutions
55.99% of the stock of TowneBank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for TowneBank are expected to grow by 21.40% in the coming year, from $2.15 to $2.61 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TowneBank is 12.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.41.
Price to Earnings Ratio vs. Sector
The P/E ratio of TowneBank is 12.64, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 59.06.
Price to Book Value per Share Ratio
TowneBank has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About TowneBank Stock (NASDAQ:TOWN)

TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals. The company operates through three segments: Banking, Realty, and Insurance. It accepts various deposits, including demand deposits, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts. The company also offers secured and unsecured personal loans for financing automobiles, home improvements, education, and personal investments; commercial loans for working capital, business expansion, and equipment and machinery purchases; and mortgage loans, as well as real estate acquisition, development, and construction loans. In addition, it provides other services, such as safe deposit boxes, treasury management services, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as online, mobile, and on-call banking services. Further, the company offers documentation services to accomplish tax deferral to investors; investment and asset management services; commercial mortgage brokerage services; and other financial services, such as financial, retirement, and estate planning services, as well as assistance on various investment options comprising alternative investments, annuities, margin accounts, convertible bonds, and pension and profit-sharing plans. Additionally, it provides residential real estate, relocation, property management, vacation rentals, and title and settlement services; and originates residential mortgage loans. The company also offers life, property, casualty, and vehicle insurance services; and employee benefit programs, such as health, dental, vision, and disability insurance. It operates in Richmond, Virginia, the Greater Hampton Roads region in southeastern Virginia, northeastern North Carolina, Raleigh, Charlotte, Greensboro, and Greenville, North Carolina. TowneBank was incorporated in 1998 and is based in Portsmouth, Virginia.

TOWN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TOWN Stock News Headlines

April 14, 2024 | finance.yahoo.com

Institutional investors in TowneBank (NASDAQ:TOWN) see US$61m decrease in market cap last week, although long-term gains have benefitted them.

April 9, 2024 | msn.com

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March 29, 2024 | msn.com

Column: ODU vs. JMU Royal Rivaly is a rout, and so is the Dukes’ dominance in the national conversation

March 27, 2024 | globenewswire.com

TowneBank Announces Retirement of Two Directors

March 20, 2024 | msn.com

VBSPCA to honor 2 VB women and TowneBank

March 7, 2024 | investing.com

TowneBank appoints cybersecurity expert to board

March 5, 2024 | globenewswire.com

Sachin Shetty, Ph.D., Joins TowneBank Corporate Board of Directors

April 18, 2024 | Crypto 101 Media (Ad)

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March 1, 2024 | msn.com

Get ready to run in the annual Yuengling Shamrock Marathon in Virginia Beach

February 28, 2024 | globenewswire.com

TowneBank Announces Quarterly Cash Dividend

February 22, 2024 | finance.yahoo.com

Bullish TowneBank Insiders Loaded Up On US$1.17m Of Stock

February 17, 2024 | finance.yahoo.com

TOWN Jun 2024 22.500 put

February 17, 2024 | finance.yahoo.com

TOWN Sep 2024 25.000 call

February 6, 2024 | msn.com

TowneBank (TOWN) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

February 4, 2024 | bizjournals.com

TBJ Plus: Monaco billionaire targets Durham; Tap room closes; Tough numbers in Charlotte

January 29, 2024 | markets.businessinsider.com

Piper Sandler Reaffirms Their Buy Rating on TowneBank (TOWN)

January 25, 2024 | finance.yahoo.com

Here's What Key Metrics Tell Us About TowneBank (TOWN) Q4 Earnings

January 24, 2024 | msn.com

Greenville Yard Gnomes are Coastal Plain League’s newest baseball team

January 23, 2024 | finance.yahoo.com

TowneBank (NASDAQ:TOWN) stock performs better than its underlying earnings growth over last three years

January 22, 2024 | msn.com

Heart disease can strike even the healthiest woman

January 16, 2024 | sports.yahoo.com

The Mat Pack's latest South Jersey Mean 15 team rankings for Jan. 16 are out

January 15, 2024 | news.yahoo.com

Fmr. Governor Douglas Wilder receives lifetime achievement award during 40th Urban League of Hampton Roads MLK breakfast

January 15, 2024 | msn.com

Top performances by South Jersey wrestlers during second week of January

January 14, 2024 | msn.com

West Deptford makes history by earning title at Virginia Duals - Wrestling recap

January 11, 2024 | msn.com

Virginia Duals schedule: Great Bridge has top seed in elite high school division

January 5, 2024 | news.yahoo.com

Norfolk Festevents announces 2024 season

See More Headlines

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Company Calendar

Last Earnings: 1/24/2024
Ex-Dividend for 4/12 Dividend: 3/27/2024
Dividend Payable: 4/12/2024
Today: 4/18/2024
Next Earnings (Estimated): 4/25/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State commercial banks
Sub-Industry: Regional Banks
Current Symbol: NASDAQ:TOWN
CUSIP: 89214P10
CIK: N/A
Web: www.townebank.com
Phone: (757) 638-7500
Fax: 215-832-1055
Employees: 2,784
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $29.00
High Stock Price Target: $32.00
Low Stock Price Target: $27.00
Potential Upside/Downside: +10.8%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.07
Trailing P/E Ratio: 12.64
Forward P/E Ratio: 12.17
P/E Growth: N/A
Net Income: $153.71 million
Net Margins: 16.33%
Pretax Margin: 19.78%
Return on Equity: 8.03%
Return on Assets: 0.95%

Debt

Debt-to-Equity Ratio: 0.10
Current Ratio: 0.88
Quick Ratio: 0.87

Sales & Book Value

Annual Sales: $941.58 million
Price / Sales: 2.02
Cash Flow: $2.82 per share
Price / Cash Flow: 9.27
Book Value: $28.26 per share
Price / Book: 0.93

Miscellaneous

Outstanding Shares: 72,750,000
Free Float: 66,824,000
Market Cap: $1.90 billion
Optionable: Optionable
Beta: 0.89

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Key Executives

Mr. G. Robert Aston Jr. (Age 79)
Executive Chairman
Comp: $1.41M
Mr. William I. Foster III (Age 68)
CEO, President & Director
Comp: $847.4k
Mr. William B. Littreal (Age 54)
Senior EVP & CFO
Comp: $903.11k
Mr. William T. Morrison (Age 61)
President & CEO of TowneBank Financial Services Group and Director
Comp: $488.61k
Mr. R. Lee Clark (Age 56)
Senior Executive VP & COO
Mr. Kevin L. Fly (Age 58)
Senior EVP & Chief Accounting Officer
Mr. Denys J. Diaz (Age 57)
Senior EVP & Chief Information Officer
Mr. George P. Whitley (Age 71)
Senior EVP & Chief Legal Officer
Mr. Scott V. Williams
Executive VP and Director of Marketing & Member Experience
Mr. James P. Bradner
Executive Vice President of Towneinsurance

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

TOWN Stock Analysis - Frequently Asked Questions

Should I buy or sell TowneBank stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TowneBank in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" TOWN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TOWN, but not buy additional shares or sell existing shares.
View TOWN analyst ratings or view top-rated stocks.
What is TowneBank's stock price target for 2024?: 3 Wall Street research analysts have issued twelve-month target prices for TowneBank's stock. Their TOWN share price targets range from $27.00 to $32.00. On average, they predict the company's share price to reach $29.00 in the next twelve months. This suggests a possible upside of 10.8% from the stock's current price.
View analysts price targets for TOWN or view top-rated stocks among Wall Street analysts.
How have TOWN shares performed in 2024?: TowneBank's stock was trading at $29.76 at the beginning of the year. Since then, TOWN stock has decreased by 12.1% and is now trading at $26.17.
View the best growth stocks for 2024 here.
Are investors shorting TowneBank?: TowneBank saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 506,200 shares, a decline of 29.4% from the March 15th total of 717,000 shares. Based on an average trading volume of 243,900 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.8% of the shares of the stock are short sold.
View TowneBank's Short Interest.
When is TowneBank's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our TOWN earnings forecast.
How were TowneBank's earnings last quarter?: TowneBank (NASDAQ:TOWN) posted its quarterly earnings data on Wednesday, January, 24th. The bank reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by $0.05. The bank earned $155.55 million during the quarter, compared to analysts' expectations of $164.67 million. TowneBank had a net margin of 16.33% and a trailing twelve-month return on equity of 8.03%. The business's revenue was down 11.3% on a year-over-year basis.
How often does TowneBank pay dividends? What is the dividend yield for TowneBank?: TowneBank declared a quarterly dividend on Wednesday, February 28th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.25 per share on Friday, April 12th. This represents a $1.00 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for TOWN.

Is TowneBank a good dividend stock?: TowneBank (NASDAQ:TOWN) pays an annual dividend of $1.00 per share and currently has a dividend yield of 3.87%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 48.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TOWN will have a dividend payout ratio of 38.31% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TOWN.
What ETFs hold TowneBank's stock?: ETFs with the largest weight of TowneBank (NASDAQ:TOWN) stock in their portfolio include First Trust NASDAQ ABA Community Bank Index Fund (QABA).SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).
What is J. Morgan Davis' approval rating as TowneBank's CEO?: 12 employees have rated TowneBank Chief Executive Officer J. Morgan Davis on Glassdoor.com. J. Morgan Davis has an approval rating of 100% among the company's employees. This puts J. Morgan Davis in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of TowneBank own?: Based on aggregate information from My MarketBeat watchlists, some companies that other TowneBank investors own include Dominion Energy (D), Noble (NE), Altria Group (MO), Southern (SO), Weyerhaeuser (WY), Goodyear Tire & Rubber (GT), NVIDIA (NVDA), Pfizer (PFE), AT&T (T) and Armada Hoffler Properties (AHH).
Who are TowneBank's major shareholders?: TowneBank's stock is owned by many different retail and institutional investors. Top institutional shareholders include Compton Wealth Advisory Group LLC (0.01%).
How do I buy shares of TowneBank?: Shares of TOWN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:TOWN) was last updated on 4/18/2024 by MarketBeat.com Staff

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