Towne Bank/TOWN

$26.96

0.18%
-
1D1W1MYTD1YMAX

About Towne Bank

TowneBank is engaged in offering retail and commercial banking services to various markets in Virginia and North Carolina. The Company operates through three segments: Banking, Realty and Insurance. The Banking segment provides loan and deposit services to retail and commercial customers. It also provides commercial mortgage brokerage services and a variety of investment and asset management services. The Realty segment offers residential real estate services, mortgage loans, resort property management, and residential and commercial title insurance. The Insurance segment provides a full line of commercial and consumer insurance products and financial services, as well as employee benefit services. It operates over 45 banking offices (eight of which operate as Farmers Bank, a division of TowneBank) throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina. Its subsidiaries include Towne Investments, LLC, TowneBank Heritage Forest, LLC and others.

Ticker

TOWN

Sector

Financials

Trading on

NASDAQ

Industry

Money Center Banks

CEO

G. Robert Aston

Employees

2,766

Headquarters

Portsmouth, United States

Towne Bank Metrics

BasicAdvanced
$2.03B
Market cap
13.14
P/E ratio
$2.06
EPS
0.89
Beta
$0.96
Dividend rate
3.7%
Dividend yield

What the Analysts think about Towne Bank

Analyst Ratings

Majority rating from 5 analysts.
Hold

Price Targets

Average projection from 5 analysts.
16.47% upside
High $33.00
Low $30.00
$26.96
Current price
$31.40
Average price target

Towne Bank Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
12.41% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$231.9M
-4.41%
Net income
$28.8M
-35.71%
Profit margin
12.41%
-32.77%

Towne Bank Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 3.51%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$0.52
$0.56
$0.60
$0.44
-
Expected
$0.64
$0.57
$0.52
$0.46
$0.48
Surprise
-19.17%
-1.75%
14.5%
-3.51%
-
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. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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