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.

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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 3.13%
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TowneBank (TOWN) Dividend Calendar:

TowneBank pays an annual dividend of $0.72 per share, with a dividend yield of 3.13%.
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:

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
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2024-09-2022.55.7CALL0 374.97TRUE00
2024-09-20254.5CALL0 958TRUE00
2024-09-20302.13CALL1 328.85TRUE2.130
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2024-09-20400.2CALL0 60FALSE00
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2024-09-20200.6PUT0 10FALSE00
2024-09-2022.50PUT0 00FALSE00
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2024-09-20303.9PUT0 60FALSE00
2024-09-20350PUT0 034.41TRUE00
2024-09-204013.2PUT0 039.66TRUE00
2024-12-20150CALL0 086.61TRUE00
2024-12-2017.50CALL0 069.92TRUE00
2024-12-20200CALL0 060.37TRUE00
2024-12-2022.50CALL0 048.2TRUE00
2024-12-20250CALL0 056TRUE00
2024-12-20302.78CALL1 1226.07TRUE2.780
2024-12-20350.4CALL0 10FALSE00
2024-12-20400CALL0 00FALSE00
2024-12-20151.05PUT0 10FALSE00
2024-12-2017.50PUT0 00FALSE00
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2024-12-20350PUT0 022.95TRUE00
2024-12-20400PUT0 061.56TRUE00
2025-03-2117.50CALL0 055.97TRUE00
2025-03-21200CALL0 042.56TRUE00
2025-03-2122.50CALL0 037.93TRUE00
2025-03-21250CALL0 034.53TRUE00
2025-03-21300CALL0 031TRUE00
2025-03-21351.7CALL0 220FALSE00
2025-03-21400CALL0 00FALSE00
2025-03-21450CALL0 00FALSE00
2025-03-2117.50PUT0 00FALSE00
2025-03-21200PUT0 00FALSE00
2025-03-2122.50PUT0 00FALSE00
2025-03-21250PUT0 059.01FALSE00
2025-03-21300PUT0 033.11FALSE00
2025-03-21350PUT0 029.42TRUE00
2025-03-21400PUT0 029.04TRUE00
2025-03-21450PUT0 033.24TRUE00

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