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Market Cap 1.88B P/E 10.09 EPS this Y - Ern Qtrly Grth -38.30%
Income 153.72M Forward P/E 12.14 EPS next Y 19.00% 50D Avg Chg 3.00%
Sales 675.44M PEG - EPS past 5Y 4.79% 200D Avg Chg -10.00%
Dividend 4.00% Price/Book 0.94 EPS next 5Y - 52W High Chg -25.00%
Recommedations 2.60 Quick Ratio - Shares Outstanding 74.90M 52W Low Chg 18.00%
Insider Own 1.90% ROA 0.95% Shares Float 67.89M Beta 0.90
Inst Own 55.01% ROE 7.87% Shares Shorted/Prior 506.22K/703.73K Price 25.12
Gross Margin - Profit Margin 22.76% Avg. Volume 241,820 Target Price 31.20
Oper. Margin 22.65% Earnings Date Apr 25 Volume 192,475 Change 0.20%
About Towne Bank

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.

Towne Bank News
04/18/24 TowneBank (TOWN) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
04/14/24 Institutional investors in TowneBank (NASDAQ:TOWN) see US$61m decrease in market cap last week, although long-term gains have benefitted them.
03/27/24 TowneBank Announces Retirement of Two Directors
03/07/24 TowneBank (TOWN) Upgraded to Strong Buy: What Does It Mean for the Stock?
03/05/24 Sachin Shetty, Ph.D., Joins TowneBank Corporate Board of Directors
02/28/24 TowneBank Announces Quarterly Cash Dividend
02/22/24 Bullish TowneBank Insiders Loaded Up On US$1.17m Of Stock
01/25/24 Here's What Key Metrics Tell Us About TowneBank (TOWN) Q4 Earnings
01/24/24 TowneBank Reports Full Year and Fourth Quarter Financial Results For 2023
06:54 AM TowneBank (NASDAQ:TOWN) stock performs better than its underlying earnings growth over last three years
12/06/23 The Zacks Analyst Blog Highlights United Bankshares, Wintrust Financial, First BanCorp, TowneBank and WSFS Financial
12/05/23 5 Top-Ranked Banks That Outperformed S&P 500 in November
11/28/23 Surging Earnings Estimates Signal Upside for TowneBank (TOWN) Stock
10/26/23 TowneBank (TOWN) Q3 Earnings and Revenues Beat Estimates
10/26/23 TowneBank Reports Third Quarter 2023 Earnings
10/19/23 Earnings Preview: TowneBank (TOWN) Q3 Earnings Expected to Decline
09/26/23 TowneBank (NASDAQ:TOWN) is largely controlled by institutional shareholders who own 54% of the company
09/21/23 Do Options Traders Know Something About TowneBank (TOWN) Stock We Don't?
08/16/23 TowneBank's (NASDAQ:TOWN) three-year total shareholder returns outpace the underlying earnings growth
07/27/23 TowneBank (TOWN) Reports Q2 Earnings: What Key Metrics Have to Say
TOWN Chatroom

User Image Annie_Preferred Posted - 2 weeks ago

$TOWN My bf said need to get some activist investors to force cut backs on all the excessive spending. Wonder if the big out-of-town investors know about the free shareholder lunch ... looked like a bunch of homeless people in the buffet line ... waste of money!

User Image Stock_Titan Posted - 03/27/24

$TOWN TowneBank Announces Retirement of Two Directors https://www.stocktitan.net/news/TOWN/towne-bank-announces-retirement-of-two-dz3wlu343iyn.html

User Image Annie_Preferred Posted - 03/27/24

$TOWN Baltimore harbor closed indefinitely ... major boost for Hampton Roads well into the future!

User Image Annie_Preferred Posted - 1 month ago

$TOWN A lot of the original shareholders from 1999 are getting old and dying out. The newer shareholders are getting restless. Then you have the institutions that can't be happy with all the spending. Just looks like something that should be sold or merged with a bigger bank while it is still worth something!

User Image Annie_Preferred Posted - 1 month ago

$TOWN Pres. is going to give you a mortgage ... maybe even a whole house ... this should be $30+ easy!

User Image Stock_Titan Posted - 02/28/24

$TOWN TowneBank Announces Quarterly Cash Dividend https://www.stocktitan.net/news/TOWN/towne-bank-announces-quarterly-cash-2d3u770is1fb.html

User Image Annie_Preferred Posted - 2 months ago

$TOWN Playing this for a sale/merger ... takeout price could be $45 - 47 imo. If you want to expedite it, just tell them ... when the Chairman retires, you're selling your stock if the bank isn't sold first. So then you're looking at maybe $13 stock price versus $46!

User Image TickerDD_com Posted - 2 months ago

From 2/6/2024, looking back across 22 Month-Ends for TOWN, Percentage Change of Average Monthly Price had More Negatives (64%) while Percentage Change of Average Monthly Volume had All Positives (100%) $TOWN #TOWN #TOWNStock #TickerDD #TOWNPrice https://www.youtube.com/watch?v=iAXHXwmIJVA

User Image Annie_Preferred Posted - 2 months ago

$TOWN Even Jerome Powell on 60 Minutes trashing small banks .... Towne needs to sell/merge asap!

User Image swingingtech Posted - 2 months ago

$TOWN $INGR $SJW https://wallstreetwaves.com/best-income-stocks-to-buy-for-february-5th/

User Image Annie_Preferred Posted - 01/31/24

$TOWN Mid-size banks don't work ... need to be really large or small. So either has to grow more or sell out. Hard to grow that much. So choices now are go broke or sell ... look for sale imo!

User Image DonCorleone77 Posted - 01/24/24

$TOWN TowneBank reports Q4 net interest margin 3.03% vs. 3.08% last year Q4 provision for credit losses was an expense of $2.45M in the current quarter and $1.01M in the linked quarter, compared to $6.07M one year ago.

User Image DonCorleone77 Posted - 01/24/24

$TOWN TowneBank reports Q4 EPS 42c, consensus 46c Reports Q4 revenue $155.6M, consensus $164.7M. "The banking industry operated in a challenging environment in 2023 driven by rising interest rates, inflationary impact on expenses and the failure of three somewhat unusual banks in California and New York whose business models carried significantly more risk than most Main Street banks like Towne. Our conservative approach on maintaining strong liquidity, prudent growth rates and robust capital served us well during this period of economic uncertainty. Standing by our members during difficult periods while protecting the interests of our shareholders, employees, and our communities continues to be the hallmark of our success," said G. Robert Aston, Jr., Executive Chairman.

User Image epsguid Posted - 01/24/24

$TOWN reported earnings of $0.42, consensus was $0.48 via @eWhispers #epsmiss http://eps.sh/d/town

User Image tickeron Posted - 3 months ago

$TOWN enters bullish trend https://srnk.us/go/4974481

User Image UncleStock Posted - 3 months ago

$TOWN $FCNCA $IBCP $HAFC suggested for Banks - value screen: https://zpr.io/HhkC6

User Image Annie_Preferred Posted - 3 months ago

$TOWN I'm looking for a sale soon. This is what my bf told me ... "how many championships did the Bulls win after Michael Jordan left? How many Super Bowls did the Patriots win after Tom Brady left? How long do you think I'm going to hold this stock after the Chairman leaves?"

User Image UncleStock Posted - 3 months ago

$TOWN $FCNCA $IBCP $HAFC suggested for Banks - value screen: https://zpr.io/HhkC6

User Image Annie_Preferred Posted - 12/26/23

$TOWN $VABK $KRE $QABA $BAC 2024 is an election year. Based on hints made last year, my prediction is Fed is going to come in and buy back the banks' depressed bonds and mortgages at higher prices than market ... short sellers will get killed!

User Image MarketBeat Posted - 4 months ago

TowneBank downgraded by StockNews.com to sell. www.marketbeat.com/stocks/NASDAQ/TOWN/price-target/ $TOWN

User Image UncleStock Posted - 4 months ago

$TOWN $FBK $HAFC $EGBN suggested for Banks - value screen: https://zpr.io/HhkC6

User Image Annie_Preferred Posted - 4 months ago

$TOWN Check the age of the officers and BOD ... all old guys ... really old! My guess is ... either they're selling out soon or maybe they're going to manage it from one of those cemeteries with wifi?

User Image tickeron Posted - 4 months ago

Which stock is the best to invest? Compare $DAN vs. $LEO vs. $TOWN. #Dana https://srnk.us/go/4932547

User Image Stock_Titan Posted - 11/29/23

$TOWN Townebank Announces Quarterly Cash Dividend https://www.stocktitan.net/news/TOWN/townebank-announces-quarterly-cash-981le43f6ouh.html

User Image tickeron Posted - 11/26/23

A.I.dvisor made a bullish call on $TOWN, netting in a 11.15% gain over 2 weeks https://srnk.us/go/4925492

User Image UncleStock Posted - 11/25/23

$TOWN $CATC $LBAI $HAFC suggested for Banks - value screen: https://zpr.io/HhkC6

User Image Annie_Preferred Posted - 5 months ago

$TOWN $VABK $QABA $KRE Professionals with bank sell recommendations starting at 33% lower than here have been consistently wrong ... how do these pros even stay in business?

User Image Jcorns Posted - 5 months ago

$AABB $BABA $BOOM $TOWN Creative spam

User Image UncleStock Posted - 5 months ago

$MBIN $TOWN $CATC $LBAI suggested for Banks - value screen: https://www.unclestock.com/ig/banks

User Image tickeron Posted - 5 months ago

A.I.dvisor made a bullish call on $TOWN, netting in a 7.33% gain over 6 days https://srnk.us/go/4913458

Analyst Ratings
Raymond James Outperform Jan 5, 24
Stephens & Co. Equal-Weight Sep 13, 23
Hovde Group Market Perform Aug 11, 23
Keefe, Bruyette & Woods Market Perform May 8, 23
Raymond James Outperform May 3, 23
Piper Sandler Overweight May 1, 23
Keefe, Bruyette & Woods Market Perform Apr 6, 23
Piper Sandler Overweight Feb 3, 21
Piper Sandler Neutral Oct 29, 20