Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
05 May 1999Website:
http://www.townebank.comNext earnings report:
26 July 2024Last dividends:
28 June 2024Next dividends:
N/APrice
after hours | Tue, 02 Jul 2024 20:02:21 GMTAnalysts recommendations
Institutional Ownership
TOWN Latest News
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.
TowneBank (TOWN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
TowneBank (TOWN) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.70 per share a year ago.
The headline numbers for TowneBank (TOWN) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
What type of business is TowneBank?
TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals. The company operates through three segments: Banking, Realty, and Insurance. It accepts various deposits, 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 comprising 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 also offers life, property, casualty, and vehicle insurance services; and employee benefit programs, such as health, dental, vision, and disability insurance. It operates in Richmond, Virginia, the Greater Hampton Roads region in southeastern Virginia, northeastern North Carolina, Raleigh, Charlotte, Greensboro, and Greenville, North Carolina. TowneBank was incorporated in 1998 and is headquartered in Portsmouth, Virginia.
What sector is TowneBank in?
TowneBank is in the Financial Services sector
What industry is TowneBank in?
TowneBank is in the Banks - Regional industry
What country is TowneBank from?
TowneBank is headquartered in United States
When did TowneBank go public?
TowneBank initial public offering (IPO) was on 05 May 1999
What is TowneBank website?
https://www.townebank.com
Is TowneBank in the S&P 500?
No, TowneBank is not included in the S&P 500 index
Is TowneBank in the NASDAQ 100?
No, TowneBank is not included in the NASDAQ 100 index
Is TowneBank in the Dow Jones?
No, TowneBank is not included in the Dow Jones index
When does TowneBank report earnings?
The next expected earnings date for TowneBank is 26 July 2024