Market closedNon-fractional
Towne Bank/TOWN
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15:10
16:45
18:25
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About Towne Bank
Towne Bank is a financial services company that places special emphasis on serving the financial needs of individuals, commercial enterprises, and professionals, offering retail and commercial banking services to numerous markets in Virginia and North Carolina. The company has three reportable segments: Banking Segment provides loan and deposit services to retail and commercial customers and provides commercial mortgage brokerage services and investment and asset management services, and the Realty Segment provides residential real estate services and mortgage loans. It also provides resort property management and residential and commercial title insurance, and Insurance Segment provides provide a wide array of insurance products, including property, casualty, life, and health insurance.
Ticker
TOWN
Sector
Financials
Trading on
NASDAQ
Industry
Banks
Headquarters
Portsmouth, United States
Employees
2,743
Website
www.townebank.com
Towne Bank Metrics
BasicAdvanced
$2.5B
Market cap
16.43
P/E ratio
$2.02
EPS
0.92
Beta
$1.00
Dividend rate
3.01%
Dividend yield
Price and volume
Market cap
$2.5B
Beta
0.92
Dividend rate
$1.00
Financial strength
Management effectiveness
Return on assets (TTM)
0.88%
Return on equity (TTM)
7.42%
Valuation
Price to earnings (TTM)
16.435
Price to revenue (TTM)
3.71
Price to book
1.19
Price to tangible book (TTM)
1.59
Dividend yield (TTM)
3.01%
Growth
Revenue change (TTM)
-3.71%
Earnings per share change (TTM)
-15.55%
3-year revenue growth (CAGR)
-1.29%
3-year earnings per share growth (CAGR)
-11.20%
3-year dividend per share growth (CAGR)
10.56%
What the Analysts think about Towne Bank
Analyst Ratings
Majority rating from 5 analysts.
Towne Bank Financial Performance
Income StatementBalance sheetCash Flow
Income Statement
Revenues and expenses
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$251M
8.11%
Net income
$35M
20.14%
Profit margin
13.80%
11.20%
Towne Bank Earnings Performance
Earnings per share (EPS)
Company profitability
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.56
$0.60
$0.44
$0.48
-
Expected
$0.57
$0.52
$0.46
$0.48
$0.48
Surprise
-1.75%
14.50%
-3.51%
-0.41%
-
Towne Bank News
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Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon
Market closedNon-fractional
Upcoming events
No upcoming events
FAQs
What’s the current market cap for Towne Bank stock?
Towne Bank (TOWN) has a market cap of $2.5B as of July 27, 2024.
What is the P/E ratio for Towne Bank stock?
The price to earnings (P/E) ratio for Towne Bank (TOWN) stock is 16.43 as of July 27, 2024.
Does Towne Bank stock pay dividends?
Yes, the Towne Bank (TOWN) stock pays dividends to shareholders. As of July 27, 2024, the dividend rate is $1 and the yield is 3.01%. Towne Bank has a payout ratio of 0% on a trailing twelve-month basis.
When is the next Towne Bank dividend payment date?
The next Towne Bank (TOWN) dividend payment date is unconfirmed.
What is the beta indicator for Towne Bank?
Towne Bank (TOWN) has a beta rating of 0.92. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.
Buy or sell Towne Bank stock
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