Towne Bank (TOWN)

$36.89 +0.16 (0.44%)
Market Cap 2.79B
Revenue (ttm) 1.03B
Net Income (ttm) 161.76M
EPS (ttm) N/A
PE Ratio 13.55
Forward PE 12.98
Profit Margin 15.77%
Debt to Equity Ratio 0.00
Volume 390,200
Avg Vol 289,924
Day's Range N/A - N/A
Shares Out 75.00M
Stochastic %K 64%
Beta 0.84
Analysts Sell
Price Target $41.00

Company Profile

TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals in Virginia and North Carolina. 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, a...

Industry: Banks - Regional
Sector: Financial Services
Phone: 757 638 7500
Address:
5716 High Street, Portsmouth, United States
Mergerbrief
Mergerbrief Aug. 26 at 12:25 PM
$OPOF/ $TOWN – Election Deadline MergerBrief.com
0 · Reply
ZacksResearch
ZacksResearch Aug. 20 at 4:44 PM
$TOWN makes a bold move with a $476.2M deal 🚨 The Dogwood acquisition expands its Carolina footprint while targeting cost savings and future earnings growth. Full breakdown of the growth play here 👉 https://www.zacks.com/stock/news/2740451/townebank-to-buy-dogwood-for-4762m-expand-presence-in-carolinas?cid=sm-stocktwits-2-2740451-teaser-8640&ADID=SYND_STOCKTWITS_TWEET_2_2740451_TEASER_8640
0 · Reply
ZacksResearch
ZacksResearch Aug. 20 at 3:44 PM
$TOWN expands in the Carolinas with a strategic acquisition! 🚀 TowneBank is set to acquire Dogwood State Bank in a $476.2M deal, expected to be accretive to EPS by 8% in 2027. With a Zacks Rank #2 (Buy), TOWN is outperforming the industry’s 1.8% growth so far this year. Discover the full deal details here 👉 https://www.zacks.com/stock/news/2740451/townebank-to-buy-dogwood-for-4762m-expand-presence-in-carolinas?cid=sm-stocktwits-2-2740451-body-8641&ADID=SYND_STOCKTWITS_TWEET_2_2740451_BODY_8641
0 · Reply
Annie_Preferred
Annie_Preferred Aug. 1 at 7:22 PM
$TOWN Nah, market is wrong. Very tied to housing with large mortgage and real estate division ... should be going up with the rest of housing plays!
0 · Reply
Annie_Preferred
Annie_Preferred Jul. 30 at 9:56 PM
$VABK Say I'm at the Cayce Center at Va Beach and I have a psychic vision ... I see $TOWN buying this ... such a great fit! Actually, I am a psychic!
0 · Reply
Annie_Preferred
Annie_Preferred Jun. 18 at 8:06 PM
$TOWN Stock price was higher in 2017 ... like my bf said, even Tom Brady realized one day he needed to hang it up. Time to sell the bank and retire!
0 · Reply
Annie_Preferred
Annie_Preferred May. 30 at 7:57 PM
$NRIM $TOWN $KRE $QABA $VABK Only one that did any good is NRIM. TOWN doing terrible ... they should sell soon!
0 · Reply
Annie_Preferred
Annie_Preferred May. 22 at 8:21 PM
$AUB $VABK $TOWN Trump going to let these banks start merging like crazy!
0 · Reply
DividendPower
DividendPower May. 17 at 11:25 AM
Recent Dividend Increases - Updated 05/16/25 https://www.dividendpower.org/dividend-increases/ $RLI $MAR $HY $LSTR $TOWN
0 · Reply
Annie_Preferred
Annie_Preferred May. 8 at 4:52 PM
$TOWN When is the blockchain expert on the BOD going to do something?
0 · Reply
Latest News on TOWN
KBRA Comments on TowneBank's Merger Agreement to Acquire Dogwood State Bank

Aug 20, 2025, 12:53 PM EDT - 6 days ago

KBRA Comments on TowneBank's Merger Agreement to Acquire Dogwood State Bank

TowneBank Expands Carolinas Presence Through Agreement to Acquire Dogwood State Bank

Aug 19, 2025, 8:00 AM EDT - 7 days ago

TowneBank Expands Carolinas Presence Through Agreement to Acquire Dogwood State Bank

TowneBank: Acquisitions Boost Earnings (Rating Upgrade)

Aug 18, 2025, 10:30 AM EDT - 8 days ago

TowneBank: Acquisitions Boost Earnings (Rating Upgrade)

TowneBank and Old Point Financial Corporation Announce Expected Closing Date and Election Deadline for Merger

Aug 14, 2025, 7:00 PM EDT - 12 days ago

TowneBank and Old Point Financial Corporation Announce Expected Closing Date and Election Deadline for Merger

Caterpillar To Lead Dividend Increases In June As Lowe's Boosted Payout At End Of May

Jun 1, 2025, 9:31 PM EDT - 3 months ago

Caterpillar To Lead Dividend Increases In June As Lowe's Boosted Payout At End Of May

CAT LOW ALRS CASY DCI FLO KR

TowneBank Announces Quarterly Cash Dividend

May 14, 2025, 2:30 PM EDT - 3 months ago

TowneBank Announces Quarterly Cash Dividend

TowneBank and Old Point Financial Corporation Announce Agreement to Merge

Apr 3, 2025, 7:00 AM EDT - 5 months ago

TowneBank and Old Point Financial Corporation Announce Agreement to Merge

TowneBank Announces Completion of Village Bank and Trust Financial Corp. Merger

Apr 1, 2025, 8:30 AM EDT - 5 months ago

TowneBank Announces Completion of Village Bank and Trust Financial Corp. Merger

TowneBank and Village Bank and Trust Financial Corp. Receive Regulatory Approvals for Merger

Mar 11, 2025, 3:00 PM EDT - 6 months ago

TowneBank and Village Bank and Trust Financial Corp. Receive Regulatory Approvals for Merger

VBFC

Top 2 Financials Stocks That May Fall Off A Cliff This Quarter

Nov 22, 2024, 7:54 AM EST - 9 months ago

Top 2 Financials Stocks That May Fall Off A Cliff This Quarter

WT

TowneBank Reports First Quarter 2024 Earnings

Apr 24, 2024, 4:30 PM EDT - 1 year ago

TowneBank Reports First Quarter 2024 Earnings

TowneBank Announces Retirement of Two Directors

Mar 27, 2024, 2:30 PM EDT - 1 year ago

TowneBank Announces Retirement of Two Directors

Sachin Shetty, Ph.D., Joins TowneBank Corporate Board of Directors

Mar 5, 2024, 4:00 PM EST - 1 year ago

Sachin Shetty, Ph.D., Joins TowneBank Corporate Board of Directors

Townebank Announces Quarterly Cash Dividend

Nov 29, 2023, 11:00 AM EST - 1 year ago

Townebank Announces Quarterly Cash Dividend

TowneBank Reports Third Quarter 2023 Earnings

Oct 26, 2023, 8:00 AM EDT - 1 year ago

TowneBank Reports Third Quarter 2023 Earnings

TowneBank Reports Second Quarter 2023 Earnings

Jul 27, 2023, 8:30 AM EDT - 2 years ago

TowneBank Reports Second Quarter 2023 Earnings

TowneBank: Trading At 12x Earnings And 1.2x Tangible Book Value

Jun 30, 2023, 10:30 AM EDT - 2 years ago

TowneBank: Trading At 12x Earnings And 1.2x Tangible Book Value

KBRA Affirms Ratings for TowneBank

Jun 23, 2023, 3:44 PM EDT - 2 years ago

KBRA Affirms Ratings for TowneBank

9 Upcoming Dividend Increases Including A Dividend King

Jun 23, 2023, 4:55 AM EDT - 2 years ago

9 Upcoming Dividend Increases Including A Dividend King

ARE CAH EPRT LII NFG NHC O

Caterpillar, Target Among 10 Companies To Announce Annual Dividend Increases In June

May 29, 2023, 9:19 AM EDT - 2 years ago

Caterpillar, Target Among 10 Companies To Announce Annual Dividend Increases In June

CAT TGT ASH DCI FLO LII LOW

TowneBank Reports First Quarter 2023 Earnings

Apr 27, 2023, 8:00 AM EDT - 2 years ago

TowneBank Reports First Quarter 2023 Earnings

Aubrey L. Layne Jr. and J. Christopher Perry Join TowneBank Corporate Board of Directors

Mar 14, 2023, 2:30 PM EDT - 2 years ago

Aubrey L. Layne Jr. and J. Christopher Perry Join TowneBank Corporate Board of Directors

TowneBank Reports Full Year and Fourth Quarter Financial Results for 2022

Jan 26, 2023, 8:30 AM EST - 2 years ago

TowneBank Reports Full Year and Fourth Quarter Financial Results for 2022

TowneBank Announces Completion of Farmers Bank Merger

Jan 17, 2023, 8:30 AM EST - 2 years ago

TowneBank Announces Completion of Farmers Bank Merger

TowneBank Names Clark as Chief Operating Officer

Jan 5, 2023, 2:00 PM EST - 2 years ago

TowneBank Names Clark as Chief Operating Officer

TowneBank Announces Timing of Closing of Farmers Bank Merger

Dec 16, 2022, 8:55 AM EST - 2 years ago

TowneBank Announces Timing of Closing of Farmers Bank Merger

TowneBank Announces Retirement and Transition of President and Chief Operating Officer Roles

Nov 23, 2022, 11:30 AM EST - 2 years ago

TowneBank Announces Retirement and Transition of President and Chief Operating Officer Roles

TowneBank Reports Third Quarter 2022 Earnings

Oct 27, 2022, 8:30 AM EDT - 3 years ago

TowneBank Reports Third Quarter 2022 Earnings

TowneBank Promotes Morrison and Miller

Oct 13, 2022, 12:30 PM EDT - 3 years ago

TowneBank Promotes Morrison and Miller

TowneBank Promotes Skinner, Davis and Wallace

Oct 11, 2022, 11:00 AM EDT - 3 years ago

TowneBank Promotes Skinner, Davis and Wallace

TowneBank Promotes Dawn S. Glynn

Oct 3, 2022, 3:30 PM EDT - 3 years ago

TowneBank Promotes Dawn S. Glynn

TowneBank: Strengthening Its Position With Farmers Bank Acquisition

Aug 26, 2022, 2:47 PM EDT - 3 years ago

TowneBank: Strengthening Its Position With Farmers Bank Acquisition

TowneBank Names Chief Executive Officer Successor

Aug 26, 2022, 8:30 AM EDT - 3 years ago

TowneBank Names Chief Executive Officer Successor

Townebank Announces Agreement To Acquire Farmers Bankshares, Inc. and Farmers Bank

Aug 18, 2022, 8:00 AM EDT - 3 years ago

Townebank Announces Agreement To Acquire Farmers Bankshares, Inc. and Farmers Bank

TowneBank Reports Second Quarter 2022 Earnings

Jul 28, 2022, 8:30 AM EDT - 3 years ago

TowneBank Reports Second Quarter 2022 Earnings

13 Upcoming Dividend Increases Including One King

Jun 23, 2022, 12:08 PM EDT - 3 years ago

13 Upcoming Dividend Increases Including One King

ACU AQN ARE BNS CAH CVBF ISTR

TowneBank Reports First Quarter 2022 Earnings

Apr 28, 2022, 8:30 AM EDT - 3 years ago

TowneBank Reports First Quarter 2022 Earnings

TowneBank Announces Retirement of Three Directors

Apr 14, 2022, 1:30 PM EDT - 3 years ago

TowneBank Announces Retirement of Three Directors

TowneBank Announces Completion of Subordinated Notes Offering

Feb 9, 2022, 11:55 AM EST - 3 years ago

TowneBank Announces Completion of Subordinated Notes Offering

TowneBank Announces Pricing of Subordinated Notes Offering

Feb 2, 2022, 6:00 PM EST - 3 years ago

TowneBank Announces Pricing of Subordinated Notes Offering

TowneBank Announces CEO Transition

Jan 27, 2022, 8:35 AM EST - 3 years ago

TowneBank Announces CEO Transition

TowneBank Reports Record Full Year and Fourth Quarter Financial Results for 2021

Jan 27, 2022, 8:30 AM EST - 3 years ago

TowneBank Reports Record Full Year and Fourth Quarter Financial Results for 2021

TowneBank Reports Third Quarter 2021 Earnings

Oct 28, 2021, 8:30 AM EDT - 4 years ago

TowneBank Reports Third Quarter 2021 Earnings

TowneBank: Good Profitability Levels Likely To Drive Additional Upside

Aug 27, 2021, 2:26 PM EDT - 4 years ago

TowneBank: Good Profitability Levels Likely To Drive Additional Upside

TowneBank Names Brad E. Schwartz President and Chief Operating Officer

Jul 30, 2021, 8:37 AM EDT - 4 years ago

TowneBank Names Brad E. Schwartz President and Chief Operating Officer

TowneBank Reports Second Quarter 2021 Earnings

Jul 29, 2021, 8:30 AM EDT - 4 years ago

TowneBank Reports Second Quarter 2021 Earnings

13 Upcoming Dividend Increases Including 2 Dividend Kings

Jun 24, 2021, 1:19 PM EDT - 4 years ago

13 Upcoming Dividend Increases Including 2 Dividend Kings

ARE CAH HEI IIPR ISTR LII NFG

TowneBank Reports Record First Quarter 2021 Earnings

Apr 29, 2021, 8:30 AM EDT - 4 years ago

TowneBank Reports Record First Quarter 2021 Earnings

Towne Insurance Agency Announces Expanded Executive Management Team and Naming of New President and Chief Executive Officer

Feb 19, 2021, 2:00 PM EST - 4 years ago

Towne Insurance Agency Announces Expanded Executive Management Team and Naming of New President and Chief Executive Officer

Mergerbrief
Mergerbrief Aug. 26 at 12:25 PM
$OPOF/ $TOWN – Election Deadline MergerBrief.com
0 · Reply
ZacksResearch
ZacksResearch Aug. 20 at 4:44 PM
$TOWN makes a bold move with a $476.2M deal 🚨 The Dogwood acquisition expands its Carolina footprint while targeting cost savings and future earnings growth. Full breakdown of the growth play here 👉 https://www.zacks.com/stock/news/2740451/townebank-to-buy-dogwood-for-4762m-expand-presence-in-carolinas?cid=sm-stocktwits-2-2740451-teaser-8640&ADID=SYND_STOCKTWITS_TWEET_2_2740451_TEASER_8640
0 · Reply
ZacksResearch
ZacksResearch Aug. 20 at 3:44 PM
$TOWN expands in the Carolinas with a strategic acquisition! 🚀 TowneBank is set to acquire Dogwood State Bank in a $476.2M deal, expected to be accretive to EPS by 8% in 2027. With a Zacks Rank #2 (Buy), TOWN is outperforming the industry’s 1.8% growth so far this year. Discover the full deal details here 👉 https://www.zacks.com/stock/news/2740451/townebank-to-buy-dogwood-for-4762m-expand-presence-in-carolinas?cid=sm-stocktwits-2-2740451-body-8641&ADID=SYND_STOCKTWITS_TWEET_2_2740451_BODY_8641
0 · Reply
Annie_Preferred
Annie_Preferred Aug. 1 at 7:22 PM
$TOWN Nah, market is wrong. Very tied to housing with large mortgage and real estate division ... should be going up with the rest of housing plays!
0 · Reply
Annie_Preferred
Annie_Preferred Jul. 30 at 9:56 PM
$VABK Say I'm at the Cayce Center at Va Beach and I have a psychic vision ... I see $TOWN buying this ... such a great fit! Actually, I am a psychic!
0 · Reply
Annie_Preferred
Annie_Preferred Jun. 18 at 8:06 PM
$TOWN Stock price was higher in 2017 ... like my bf said, even Tom Brady realized one day he needed to hang it up. Time to sell the bank and retire!
0 · Reply
Annie_Preferred
Annie_Preferred May. 30 at 7:57 PM
$NRIM $TOWN $KRE $QABA $VABK Only one that did any good is NRIM. TOWN doing terrible ... they should sell soon!
0 · Reply
Annie_Preferred
Annie_Preferred May. 22 at 8:21 PM
$AUB $VABK $TOWN Trump going to let these banks start merging like crazy!
0 · Reply
DividendPower
DividendPower May. 17 at 11:25 AM
Recent Dividend Increases - Updated 05/16/25 https://www.dividendpower.org/dividend-increases/ $RLI $MAR $HY $LSTR $TOWN
0 · Reply
Annie_Preferred
Annie_Preferred May. 8 at 4:52 PM
$TOWN When is the blockchain expert on the BOD going to do something?
0 · Reply
Annie_Preferred
Annie_Preferred Apr. 10 at 9:00 PM
$TOWN definitely would move up if they announce they are starting a crypto division .... like getting into crypto-asset custody, stablecoin activities, and participation in independent node verification networks!
0 · Reply
Annie_Preferred
Annie_Preferred Apr. 7 at 4:10 PM
$OPOF My bf told me if TOWN trades at $31, the implied value of the $TOWN merger consideration is $38.17 ... anyone get a different amount?
0 · Reply
Rage_Against_The_Machine
Rage_Against_The_Machine Apr. 3 at 12:36 PM
Breaking: $OPOF agrees to merge with $TOWN in $203M deal. Shareholders get $41 cash or 1.14 TOWN shares per share - a 10% EPS boost for acquirer. Deal closes H2'25. For OPOF holders, this premium exit validates recent operational improvements. Bullish while regulatory risks remain. https://www.sec.gov/Archives/edgar/data/740971/000110465925031476/tm2511300d1_8k.htm
0 · Reply
MarketMindset
MarketMindset Jan. 23 at 5:36 AM
Earnings AH on Wednesday: $KMI $STLD $TOWN $PLXS $RLI
0 · Reply
IN0V8
IN0V8 Jan. 8 at 4:48 PM
$TOWN Raymond James raises target price to $38 from $36
0 · Reply
Mergerbrief
Mergerbrief Dec. 19 at 1:11 PM
$VBFC / $TOWN - Shareholder Vote $VBFC Sign Up For Full Schedule MergerBrief.com
0 · Reply
IN0V8
IN0V8 Dec. 4 at 3:38 PM
$TOWN KBW raises target price to $45 from $40
1 · Reply
Annie_Preferred
Annie_Preferred Oct. 4 at 8:16 PM
$TOWN $VABK $NRIM Interest rates drop and mortgage rates stay high ... formula for mega profits!
0 · Reply
IN0V8
IN0V8 Oct. 2 at 4:02 PM
$TOWN KBW raises target price to $40 from $35 KBW raises to outperform from market perform
0 · Reply
ISHARETRADEALERTS
ISHARETRADEALERTS Oct. 2 at 11:00 AM
Upgrades - Oct 02, 2024 $PARR: JPMorgan Upgrades to Overweight from Neutral - PT $30 (from $36) $CVBF: KBW Upgrades to Outperform from Market Perform - PT $22 (from $20) $TMP: KBW Upgrades to Outperform from Market Perform - PT $68 (from $59) $BOH: KBW Upgrades to Market Perform from Underperform - PT $67 (from $60) $HAFC: KBW Upgrades to Outperform from Market Perform - PT $22 (from $20) $TOWN: KBW Upgrades to Outperform from Market Perform - PT $40 (from $35) $RIO: Berenberg Upgrades to Buy from Hold - PT $79 (from $71) $MTB: Evercore Upgrades to Outperform from In Line - PT $210 (from $187) $HD: Gordon Haskett Upgrades to Buy from Accumulate - PT $450 $BAH: JPMorgan Upgrades to Overweight from Neutral - PT $170 (from $150)
0 · Reply
Annie_Preferred
Annie_Preferred Sep. 26 at 8:33 PM
$VABK $NRIM $TOWN $KRE $QABA Banks setting up for 1995 type rocket launch!
1 · Reply
OpenOutcrier
OpenOutcrier Sep. 24 at 12:55 PM
$VBFC (+38.9% pre) TowneBank $TOWN and Village Bank and Trust Financial Corp. (VBFC) Announce Agreement to Merge - SI https://ooc.bz/l/43163
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