Towne Bank/TOWN

13:30
15:10
16:45
18:25
20:00
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

2,784

Headquarters

Portsmouth, United States

Towne Bank Metrics

BasicAdvanced
$2B
Market cap
13.55
P/E ratio
$2.01
EPS
0.93
Beta
$0.98
Dividend rate
3.68%
Dividend yield
$2B
0.92847
$31.08
$21.63
259K
$0.98
13.959
15.482
49.92%
0.90%
7.46%
13.553
3.008
0.995
1.337
19.243
2.77%
3.60%
3.68%
27.19%
-19.46%
15.29%
0.78%
10.06%

What the Analysts think about Towne Bank

Analyst Ratings

Majority rating from 5 analysts.
Hold

Towne Bank Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
13.80% profit margin
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
Missed by 0.41%
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%
-
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.
Market closed

Upcoming events

Jun
28
Towne Bank
Dividend·Ex-dividend
Jul
12
Towne Bank
Dividend·Payment
$0.25
Per share

FAQs

What’s the current market cap for Towne Bank stock?

Towne Bank (TOWN) has a market cap of $2B as of June 15, 2024.

What is the P/E ratio for Towne Bank stock?

The price to earnings (P/E) ratio for Towne Bank (TOWN) stock is 13.55 as of June 15, 2024.

Does Towne Bank stock pay dividends?

Yes, the Towne Bank (TOWN) stock pays dividends to shareholders. As of June 15, 2024, the dividend rate is $0.98 and the yield is 3.68%. Towne Bank has a payout ratio of 49.92% on a trailing twelve-month basis.

When is the next Towne Bank dividend payment date?

The next Towne Bank (TOWN) dividend payment is scheduled for July 12, 2024.

What is the beta indicator for Towne Bank?

Towne Bank (TOWN) has a beta rating of 0.93. 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.

What is the Towne Bank stock price target?

The target price for Towne Bank (TOWN) stock is $31, which is NaN% below the current price of $. This is an average based on projections from 5 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

Buy or sell Towne Bank stock

Buy or sell Towne Bank stock

Stocks, funds and up to 4.50% interest earned on uninvested cash. When you invest, your capital is at risk.
Start investing