Key Details
Price
$36.68Last Dividend
$0.25Annual ROE
7.79%Beta
0.96Events Calendar
Next earnings date:
Jan 24, 2025Recent quarterly earnings:
Oct 23, 2024Recent annual earnings:
Jan 24, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Sept 30, 2024Next split:
N/ARecent split:
May 23, 2012Analyst ratings
Recent major analysts updates
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SUFFOLK, Va., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its fourth-quarter shareholder cash dividend of $0.25 per common share payable on January 14, 2025, to shareholders of record on December 31, 2024.
TOWN is set to acquire VBFC for $120 million in an all-cash deal to expand its presence in Richmond MSA. It is set to be roughly 6% accretive to 2025 earnings.
SUFFOLK, Va., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its third-quarter shareholder cash dividend of $0.25 per common share payable on October 11, 2024, to shareholders of record on September 30, 2024.
TowneBank (TOWN) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.52 per share a year ago.
The key figures for TowneBank (TOWN) offer a glimpse into the company's performance in the first quarter of 2024, but it could be beneficial to analyze certain important metrics in comparison to Wall Street projections and the previous year's results.
TowneBank reported earnings of $0.48 per share for the quarter, meeting the Zacks Consensus Estimate and down from $0.62 per share in the same period last year.
TowneBank (TOWN) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
After losing some value lately, a hammer chart pattern has been formed for TowneBank (TOWN), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
While the top- and bottom-line numbers for TowneBank (TOWN) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
TowneBank (TOWN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
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