TowneBank

(NASDAQ:TOWN)

Latest On TowneBank (TOWN):

Date/Time Type Description Signal Details
2024-06-28 05:56 ESTDividendA dividend of $0.25 has been announced on May 29, 2024. It will be paid Jul 12, 2024 with an ex-dividend date of Jun 28, 2024.Neutral
2024-03-27 05:56 ESTDividendA dividend of $0.25 has been announced on Feb 28, 2024. It will be paid Apr 12, 2024 with an ex-dividend date of Mar 27, 2024.Neutral
2023-12-28 04:55 ESTDividendA dividend of $0.25 has been announced on Nov 29, 2023. It will be paid Jan 12, 2024 with an ex-dividend date of Dec 28, 2023.Neutral
2023-09-28 05:55 ESTDividendA dividend of $0.25 has been announced on Aug 23, 2023. It will be paid Oct 13, 2023 with an ex-dividend date of Sep 28, 2023.Neutral
2023-06-29 05:56 ESTDividendA dividend of $0.25 has been announced on May 24, 2023. It will be paid Jul 14, 2023 with an ex-dividend date of Jun 29, 2023.Neutral
2023-05-24 22:45 ESTNewsTowneBank raises dividend by 8.7% to $0.25N/A
2023-03-29 05:54 ESTDividendA dividend of $0.23 has been announced on Feb 22, 2023. It will be paid Apr 12, 2023 with an ex-dividend date of Mar 29, 2023.Neutral
2023-02-27 20:32 ESTNewsTowneBank (TOWN) Investor Presentation - SlideshowN/A
2023-01-26 12:53 ESTNewsTowneBank GAAP EPS of $0.64, revenue of $175.31MN/A
2022-12-29 04:56 ESTDividendA dividend of $0.23 has been announced on Nov 28, 2022. It will be paid Jan 12, 2023 with an ex-dividend date of Dec 29, 2022.Neutral
2022-11-23 20:25 ESTNewsTowneBank announces retirement and transition of president and COON/A
2022-10-27 15:32 ESTNewsTowneBank GAAP EPS of $0.69 beats by $0.02, revenue of $179.24M beats by $3.64MN/A
2022-09-29 05:56 ESTDividendA dividend of $0.23 has been announced on Aug 24, 2022. It will be paid Oct 14, 2022 with an ex-dividend date of Sep 29, 2022.Neutral
2022-08-27 03:47 ESTNewsTowneBank: Strengthening Its Position With Farmers Bank AcquisitionN/A
2022-08-26 11:16 ESTNewsTowneBank lays down CEO succession planN/A
2022-08-25 03:14 ESTNewsTowneBank declares $0.23 dividendN/A
2022-08-19 02:30 ESTNewsTowneBank to acquire Farmers Bankshares for $56.0M in stockN/A
2022-07-28 15:09 ESTNewsTowneBank GAAP EPS of $0.64 beats by $0.03, revenue of $166.98MN/A
2022-06-29 05:55 ESTDividendA dividend of $0.23 has been announced on May 25, 2022. It will be paid Jul 12, 2022 with an ex-dividend date of Jun 29, 2022.Neutral
2022-05-26 01:30 ESTNewsTowneBank raises dividend by 15% to $0.23N/A
2022-03-29 05:54 ESTDividendA dividend of $0.2 has been announced on Feb 23, 2022. It will be paid Apr 8, 2022 with an ex-dividend date of Mar 29, 2022.Neutral
2022-02-23 06:58 ESTNewsWarning: TOWN is at high risk of cutting their dividendN/A
2022-02-03 18:35 ESTNewsTowneBank prices $250M of subordinated notes offeringN/A
2022-02-03 18:35 ESTNewsTowneBank prices $250M debt offeringN/A
2022-01-27 21:36 ESTNewsTowneBank GAAP EPS of $0.55 misses by $0.06, revenue of $160.42M beats by $0.8MN/A
2021-12-29 04:54 ESTDividendA dividend of $0.2 has been announced on Nov 24, 2021. It will be paid Jan 12, 2022 with an ex-dividend date of Dec 29, 2021.Neutral
2021-10-29 06:48 ESTNewsTowneBank EPS beats by $0.02, beats on revenueN/A
2021-10-29 06:47 ESTNewsTowneBank beats Q3 estimates on organic loan growth, credit qualityN/A
2021-09-29 05:58 ESTDividendA dividend of $0.2 has been announced on Aug 25, 2021. It will be paid Oct 12, 2021 with an ex-dividend date of Sep 29, 2021.Neutral
2021-08-27 17:11 ESTNewsTowneBank: Good Profitability Levels Likely To Drive Additional UpsideN/A
2021-08-26 01:48 ESTNewsTowneBank declares $0.20 dividendN/A
2021-07-30 22:10 ESTNewsTowneBank gets new operations chief and presidentN/A
2021-06-29 05:58 ESTDividendA dividend of $0.2 has been announced on Jun 2, 2021. It will be paid Jul 9, 2021 with an ex-dividend date of Jun 29, 2021.Neutral
2021-04-29 22:20 ESTNewsTowneBank EPS beats by $0.31, beats on revenueN/A
2021-03-29 05:55 ESTDividendA dividend of $0.18 has been announced on Feb 24, 2021. It will be paid Apr 9, 2021 with an ex-dividend date of Mar 29, 2021.Neutral
2021-02-04 04:41 ESTAnalyst RatingThe Analyst Target Price has increased from $26.33 to $27.33.Buy
2021-02-04 02:58 ESTNewsPiper Sandler upgrades TowneBank, HomeBancorp, First Community BanksharesN/A
2021-02-03 00:46 ESTAnalyst RatingThe Analyst Target Price has increased from $25.67 to $26.33.Buy
2021-02-01 00:40 ESTAnalyst RatingThe Analyst Target Price has increased from $24.67 to $25.67.Buy
2021-01-30 16:39 ESTFinancialsCompany financials have been released.Neutral
2021-01-29 08:42 ESTEarnings EstimateAn EPS average of $1.65 is estimated for the 2022 year.Buy
2021-01-29 08:42 ESTEarnings EstimateAn EPS average of $0.43 is estimated for the quarter ending on June 30, 2021.Sell
2021-01-28 14:17 ESTNewsTowneBank EPS beats by $0.15, beats on revenueN/A
2021-01-01 04:51 ESTAnalyst RatingThe Analyst Target Price has increased from $24.33 to $24.67.Buy
2020-12-29 04:54 ESTDividendA dividend of $0.18 has been announced on Dec 2, 2020. It will be paid Jan 11, 2021 with an ex-dividend date of Dec 29, 2020.Neutral
2020-12-23 20:16 ESTNewsTowneBank: Trading At Its Book Value And With A 3%+ Dividend YieldN/A
2020-12-21 05:22 ESTAnalyst RatingThe Analyst Target Price has increased from $22.67 to $24.33.Buy
2020-11-26 21:47 ESTFinancialsCompany financials have been released.Neutral
2020-11-23 01:15 ESTAnalyst RatingThe Analyst Target Price has increased from $22 to $22.67.Buy
2020-11-18 04:59 ESTAnalyst RatingThe Analyst Target Price has increased from $21.67 to $22.Neutral

About TowneBank (TOWN):

TowneBank provides retail and commercial banking services for individuals, professionals, and commercial enterprises. The company operates in three segments: Banking, Realty, and Insurance. It accepts various deposits products, 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, such as alternative investments, annuities, margin accounts, convertible bonds, and pension and profit sharing plans. Additionally, it provides residential real estate, relocation, property management, vacations rental, and title and settlement services; and originates residential mortgage loans. The company offers life, property, casualty, and vehicle insurance services; and employee benefit programs, such as health, dental, vision, and disability insurance. As of March 02, 2021, it operated approximately 40 banking offices in Central Virginia, as well as Northeastern and Central North Carolina. TowneBank was incorporated in 1998 and is headquartered in Portsmouth, Virginia.

TOWN Quotes by TradingView

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General

  • Name TowneBank
  • Symbol TOWN
  • Type Common Stock
  • Exchange NASDAQ
  • Currency USD
  • Country USA
  • SectorFinancial Services
  • IndustryBanks-Regional
  • Full Time Employees 2,490
  • Last Split Factor103:100
  • Last Split Date2012-05-23
  • Fiscal Year EndDecember
  • IPO Date1999-05-07
  • Gic SectorFinancials
  • Gic GroupBanks
  • Gic IndustryBanks
  • Gic SubIndustryRegional Banks
  • Web URLhttp://www.townebank.com
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Valuation

  • Trailing PE 16.13
  • Price/Sales (Trailing 12 Mt.) 3.53
  • Price/Book (Most Recent Quarter) 1.33
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Financials

  • Most Recent Quarter 2020-12-31
  • Current Year EPS Estimate $2.12
  • Next Year EPS Estimate $1.91
  • Next Quarter EPS Estimate $0.51
  • Profit Margin 24%
  • Operating Margin 36%
  • Return on Assets 1%
  • Return on Equity 10%
  • Revenue 597.16 million
  • Earnings Per Share $2.01
  • Revenue Per Share $8.26
  • Gross Profit 597.16 million
  • Quarterly Earnings Growth 25.1%
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Highlights

  • Market Capitalization 2.36 billion
  • Analyst Target Price $27.33
  • Book Value Per Share $24.61
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Share Statistics

  • Shares Outstanding 72.64 million
  • Shares Float 66.32 million
  • % Held by Insiders 540%
  • % Held by Institutions 49.72%
  • Shares Short 968287
  • Shares Short Prior Month 862912
  • Short Ratio 5.75
  • Short % of Shares Outstanding 1%
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Technicals

  • Beta 1.19
  • 52 Week High $32.78
  • 52 Week Low $14.46
  • 50 Day Moving Average 28.16
  • 200 Day Moving Average 22.49
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Dividends

  • Forward Annual Dividend Rate $0.72
  • Forward Annual Dividend Yield 2.28%
  • Payout Ratio 36%
  • Dividend Date 2021-04-09
  • ExDividend Date 2021-03-29
  • Dividend Per Share $0.72
  • Dividend Yield 2.81%
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TowneBank (TOWN) Dividend Calendar:

TowneBank pays an annual dividend of $0.72 per share, with a dividend yield of 2.81%.
TOWN's last dividend payment was made to shareholders on April 9, 2021.
TowneBank pays out 36% of its earnings out as a dividend.

Ex-Dividend Date Payment Date Record Date Declared Date Amount

TowneBank (TOWN) Earnings History:

Companies typically report earnings on both a quarterly and annual basis. Earnings reported that deviate from analysts' expectations can have a large impact on a stock's price.


Quarter Date Report Date Actual Revenue Reported EPS EPS Estimate Deviation from Estimate
2020-12-312021-01-28$N/A$0.69$0.5233.98%
2020-09-302020-10-22$N/A$0.46$0.46-0.33%
2020-06-302020-07-23$N/A$0.48$0.2871.43%
2020-03-312020-04-27$N/A$0.36$0.351.9%
2019-12-312020-01-23$136.07 million$0.49$0.4313.95%
2019-09-302019-10-24$144.37 million$0.52$0.512.62%
2019-06-302019-07-25$141.71 million$0.48$0.52-7.25%
2019-03-312019-04-25$132.42 million$0.44$0.49-9.28%
2018-12-312019-01-24$129.13 million$0.49$0.53-6.67%
2018-09-302018-10-25$136.67 million$0.54$0.532.86%
2018-06-302018-07-26$134 million$0.49$0.490%
2018-03-312018-04-25$124.32 million$0.46$0.452.22%
2017-12-312018-01-25$68.25 million$0.37$0.362.78%
2017-09-302017-10-26$667.8 million$0.44$0.424.76%
2017-06-302017-07-27$-394854000$0.40$0.400%
2017-03-312017-04-27$102.63 million$0.35$0.38-7.13%
2016-12-312017-01-26$368.74 million$0.30$0.31-3.23%
2016-09-302016-10-27$N/A$0.40$0.392.56%
2016-06-302016-07-28$N/A$0.36$0.352.86%
2016-03-312016-04-28$N/A$0.35$0.3016.67%
2015-12-312016-01-29$294.7 million$0.24$0.30-20%
2015-09-302015-10-22$N/A$0.34$0.333.03%
2015-06-302015-07-24$N/A$0.35
2015-03-312015-04-27$N/A$0.29
2014-12-312015-02-02$269.24 million$0.20
2014-09-302014-10-23$N/A$0.34
2014-06-302014-07-23$N/A$0.33
2014-03-312014-04-24$N/A$0.31
2013-12-312014-01-30$260.82 million$0.27
2013-09-302013-10-25$N/A$0.28
2013-06-302013-07-26$N/A$0.31
2013-03-312013-04-25$N/A$0.29
2012-12-312013-01-29$257.7 million$0.26
2012-09-302012-10-24$N/A$0.26
2012-06-302012-07-26$N/A$0.26
2012-03-312012-05-03$N/A$0.25
2011-12-312012-01-31$240.21 million$0.22$0.1915.79%
2011-09-302011-10-28$N/A$0.17$0.1330.77%
2011-06-302011-07-28$N/A$0.17
2011-03-312011-05-05$N/A$0.20
2010-12-312011-01-31$235.25 million$0.18$0.08125%
2010-09-302010-11-09$N/A$0.17$0.1241.67%
2010-06-302010-07-29$N/A$0.16
2010-03-312010-04-22$N/A$0.20
2009-12-312010-01-28$223.82 million$0.17$0.1330.77%
2009-09-302009-11-05$N/A$0.18
2009-06-302009-07-23$N/A$0.15
2009-03-312009-04-27$N/A$0.13
2008-12-312009-01-30$194.72 million$0.16
2008-09-302008-10-14$N/A$0.23
2008-06-302008-07-16$N/A$0.23
2008-03-312008-03-31$N/A$0.23
2007-12-312007-12-31$192.75 million$0.22
2007-09-302007-09-30$N/A$0.22
2007-06-302007-06-30$N/A$0.23
2007-03-312007-03-31$N/A$0.21
2006-12-312006-12-31$160.16 million$0.24
2006-09-302006-09-30$N/A$0.21
2006-06-302006-06-30$N/A$0.22
2006-03-312006-03-31$N/A$0.18
2005-12-312005-12-31$123.57 million$0.19
2005-09-302005-09-30$N/A$0.17
2005-06-302005-06-30$N/A$0.17
2005-03-312005-03-31$N/A$0.17

TowneBank (TOWN) Company Financial Statements:

Financial statements are reports prepared by a company's management to present their financial performance and position at a point in time. A general-purpose set of financial statements usually includes a balance sheet, income statements, and statement of cash flows.

Income Statement:
Date
Research Development
Income Before Tax
Selling General Administrative
Gross Profit
Ebit
Operating Income
Income Tax Expense
Total Revenue
Cost of Revenue
Total Other Income Expense Net
Net Income From Continuing Operations
Net Income Applicable to Common Shares
Cash Flow:
Date
Investments
Change to Liabilities
Total Cash Flow from Investing Activities
Net Borrowings
Total Cash Flow from Financial Activities
Change to Operating Activities
Change in Cash
Total Cash from Operating Activities
Depreciation
Other Cash Flow from Investing Activities
Change to Inventory
Change to Account Receivables
Other Cash Flow from Financing Activities
Change to Net Income
Capital Expenditures
Balance Sheet:
Date
Total Liabailities
Total Stockholder Equity
Other Current Liabilities
Total Assets
Common Stock
Other Current Assets
Retained Earnings
Other Liabilities
Other Assets
Cash
Total Current Liabilities
Other Stockholder Equity
Property, Plant & Equipment
Total Current Assets
Long Term Investments
Net Tangible Assets
Short Term Investments
Long Term Debt
Inventory
Accounts Payable

TowneBank (TOWN) Chart:

TOWN chart by TradingView

TowneBank (TOWN) News:

Below you will find a list of latest news for TowneBank (TOWN) from major news sources. You can filter the results to only show news from a specific source.

No recent news available

TowneBank (TOWN) Options:

A stock option is a contract between two parties in which the stock option buyer (holder) purchases the right (but not the obligation) to buy/sell 100 shares of an underlying stock at a predetermined price from/to the option seller (writer) within a fixed period of time.

Expiration Date Strike Last Price Type Volume Open Interest Implied Volatility In The Money Change Change Percent
2026-04-17200CALL0 099.34TRUE00
2026-04-1722.50CALL0 078.12TRUE00
2026-04-172511CALL0 272.3TRUE00
2026-04-17300CALL0 045.08TRUE00
2026-04-17350CALL0 0159.39FALSE00
2026-04-17400CALL0 0109.56FALSE00
2026-04-17450CALL0 076.62FALSE00
2026-04-17500CALL0 0134.95FALSE00
2026-04-17200PUT0 0184.26FALSE00
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2026-04-17400PUT0 063.9TRUE00
2026-04-17450PUT0 087.68TRUE00
2026-04-17500PUT0 0107.49TRUE00
2026-05-1517.50CALL0 089.62TRUE00
2026-05-15200CALL0 072.04TRUE00
2026-05-1522.50CALL0 070.9TRUE00
2026-05-15250CALL0 025TRUE00
2026-05-15300CALL0 035.84TRUE00
2026-05-15350CALL0 0115.74FALSE00
2026-05-15400CALL0 0145.09FALSE00
2026-05-15450CALL0 0167.81FALSE00
2026-05-15500CALL0 070.17FALSE00
2026-05-1517.50PUT0 0303.99FALSE00
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2026-05-1522.50PUT0 0221.65FALSE00
2026-05-15250PUT0 0187.97FALSE00
2026-05-15300PUT0 0128.37FALSE00
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2026-05-15400PUT0 046.36TRUE00
2026-05-15450PUT0 063.74TRUE00
2026-05-15500PUT0 085.99TRUE00
2026-06-1817.50CALL0 072.58TRUE00
2026-06-18200CALL0 071.36TRUE00
2026-06-1822.50CALL0 056.7TRUE00
2026-06-18250CALL0 053.35TRUE00
2026-06-18305CALL0 2438.58TRUE00
2026-06-18351.9CALL0 26031.06FALSE00
2026-06-18400.88CALL0 254.67FALSE00
2026-06-18450CALL0 068.2FALSE00
2026-06-18500.25CALL0 555.53FALSE00
2026-06-1817.50PUT0 0149.09FALSE00
2026-06-18200PUT0 0141.7FALSE00
2026-06-1822.50PUT0 0122.25FALSE00
2026-06-18250.76PUT0 6149.11FALSE00
2026-06-18302.25PUT0 160.5FALSE00
2026-06-18355PUT0 1049.03TRUE00
2026-06-18400PUT0 038.54TRUE00
2026-06-18450PUT0 051.35TRUE00
2026-06-18500PUT0 063.19TRUE00
2026-09-1817.50CALL0 064.07TRUE00
2026-09-18200CALL0 051.84TRUE00
2026-09-1822.50CALL0 049.18TRUE00
2026-09-18250CALL0 037.11TRUE00
2026-09-18306.49CALL0 137.24TRUE00
2026-09-18351.7CALL0 337.96FALSE00
2026-09-18402.99CALL0 281.34FALSE00
2026-09-18450.86CALL0 259.03FALSE00
2026-09-18500CALL0 041.84FALSE00
2026-09-1817.50PUT0 065.92FALSE00
2026-09-18200PUT0 0105.11FALSE00
2026-09-1822.50PUT0 0124.67FALSE00
2026-09-18250PUT0 0105.8FALSE00
2026-09-18301.95PUT1 035.72FALSE1.950
2026-09-18350PUT0 033.15TRUE00
2026-09-18400PUT0 035.1TRUE00
2026-09-18450PUT0 037.78TRUE00
2026-09-18500PUT0 046.64TRUE00

Latest TOWN Trades:

Date Shares Price
Jun 13, 2022 7:59 PM EST79$27.78
Jun 13, 2022 7:59 PM EST5$27.775
Jun 13, 2022 7:59 PM EST11$27.775
Jun 13, 2022 7:59 PM EST4$27.78
Jun 13, 2022 7:59 PM EST100$27.79

TowneBank (TOWN) SEC Filings:

An SEC filing is a financial statement or other formal document submitted to the U.S. Securities and Exchange Commission (SEC). Public companies, certain insiders, and broker-dealers are required to make regular SEC filings.

Date Form Type Form Name Link