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TowneBankNASDAQ: TOWN

Profile

Country:

United States

IPO:

05 May 1999

Next earnings report:

N/A

Last dividends:

30 September 2024

Next dividends:

N/A
$2.40 B
-8%vs. 3y high
71%vs. sector
-8%vs. 3y high
56%vs. sector
-12%vs. 3y high
47%vs. sector
-8%vs. 3y high
64%vs. sector

Price

after hours | Fri, 01 Nov 2024 20:20:00 GMT
$32.39-$0.13(-0.40%)
$174.97 M$180.35 M
$174.97 M$42.86 M

Analysts recommendations

Institutional Ownership

TOWN Latest News

TowneBank to Acquire Village Bank, Boost Richmond MSA Presence
zacks.com25 September 2024 Sentiment: POSITIVE

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.

TowneBank Announces Quarterly Cash Dividend
globenewswire.com28 August 2024 Sentiment: POSITIVE

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) Q2 Earnings and Revenues Top Estimates
zacks.com24 July 2024 Sentiment: POSITIVE

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.

Compared to Estimates, TowneBank (TOWN) Q1 Earnings: A Look at Key Metrics
Zacks Investment Research24 April 2024 Sentiment: POSITIVE

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 (TOWN) Meets Q1 Earnings Estimates
Zacks Investment Research24 April 2024 Sentiment: NEUTRAL

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) Upgraded to Strong Buy: What Does It Mean for the Stock?
Zacks Investment Research07 March 2024 Sentiment: POSITIVE

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.

TowneBank (TOWN) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
Zacks Investment Research06 February 2024 Sentiment: POSITIVE

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.

Here's What Key Metrics Tell Us About TowneBank (TOWN) Q4 Earnings
Zacks Investment Research25 January 2024 Sentiment: POSITIVE

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) Surges 6.3%: Is This an Indication of Further Gains?
Zacks Investment Research14 December 2023 Sentiment: POSITIVE

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.

Surging Earnings Estimates Signal Upside for TowneBank (TOWN) Stock
Zacks Investment Research28 November 2023 Sentiment: POSITIVE

TowneBank (TOWN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

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, vacation rentals, 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 based 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 was TowneBank the previous earnings report?

No data

When does TowneBank earnings report?

Next earnings report date is not announced yet