TowneBank
TowneBank provides retail and commercial banking services for small- and medium-size businesses, professionals, and individuals. The last earnings update was 70 days ago. More info.
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TOWN Share Price and Events
7 Day Returns
1 Year Returns
TOWN Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| TowneBank (TOWN) | 0.1% | -0.6% | 2.4% | -17.3% | 19.1% | 85.7% |
| US Banks | -0.4% | 2.3% | -0.3% | -5.7% | 46.2% | 45.8% |
| US Market | -0.3% | 2.3% | 2.3% | 3.9% | 36.7% | 41.8% |
1 Year Return vs Industry and Market
- TOWN underperformed the Banks industry which returned -5.7% over the past year.
- TOWN underperformed the Market in United States of America which returned 3.9% over the past year.
Price Volatility
Related Companies
Value
Is TowneBank undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
TowneBank
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for TowneBank.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity = $23.01 * 9.9% |
$2.27 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 4 analysts. | $23.01 |
| Discount Rate (Cost of Equity) | See below | 8.1% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.6 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.596 (1 + (1- 21%) (54.93%)) |
0.903 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.9 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.903 * 5.96%) |
8.11% |
Discounted Cash Flow Calculation for NasdaqGS:TOWN using Excess Returns Model Model
The calculations below outline how an intrinsic value for TowneBank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (9.9% – 8.11%) * $23.01) |
$0.40 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $0.40 / (8.11% - 2.73%) |
$7.46 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $23.01 + $7.46 |
$30.48 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $30.48 |
| Current discount | Discount to share price of
$27.33
= -1 x ($27.33 - $30.48) / $30.48 |
10.3% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- TowneBank's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- TowneBank's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for TowneBank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
TowneBank's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $1.95 |
| NasdaqGS:TOWN Share Price ** | NasdaqGS (2019-07-19) in USD | $27.33 |
| United States of America Banks Industry PE Ratio | Median Figure of 594 Publicly-Listed Banks Companies | 12.76x |
| United States of America Market PE Ratio | Median Figure of 3,083 Publicly-Listed Companies | 17.92x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of TowneBank.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:TOWN Share Price ÷ EPS (both in USD) = 27.33 ÷ 1.95 |
13.99x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- TowneBank is overvalued based on earnings compared to the US Banks industry average.
- TowneBank is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
TowneBank's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 13.99x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
1.6%per year |
| United States of America Banks Industry PEG Ratio | Median Figure of 270 Publicly-Listed Banks Companies | 1.2x |
| United States of America Market PEG Ratio | Median Figure of 2,123 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 13.99x ÷ 1.6% |
8.96x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- TowneBank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
TowneBank's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $21.63 |
| NasdaqGS:TOWN Share Price * | NasdaqGS (2019-07-19) in USD | $27.33 |
| United States of America Banks Industry PB Ratio | Median Figure of 594 Publicly-Listed Banks Companies | 1.2x |
| United States of America Market PB Ratio | Median Figure of 5,248 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:TOWN Share Price ÷ Book Value per Share (both in USD) = 27.33 ÷ 21.63 |
1.26x |
* Primary Listing of TowneBank.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- TowneBank is overvalued based on assets compared to the US Banks industry average.
Value checks
We assess TowneBank's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) TowneBank has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is TowneBank expected to perform in the next 1 to 3 years based on estimates from 4 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- TowneBank's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
- TowneBank's earnings growth is positive but not above the United States of America market average.
- TowneBank's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:TOWN Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | 1.6% |
| NasdaqGS:TOWN Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | -1% |
| United States of America Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 1.9% |
| United States of America Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 3.5% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 516 | 144 | 3 | |
| 2019-12-31 | 514 | 141 | 4 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 532 | 264 | 140 |
| 2018-12-31 | 524 | 307 | 134 |
| 2018-09-30 | 503 | 140 | 110 |
| 2018-06-30 | 481 | 168 | 99 |
| 2018-03-31 | 466 | 69 | 90 |
| 2017-12-31 | 444 | 141 | 88 |
| 2017-09-30 | 435 | 219 | 94 |
| 2017-06-30 | 428 | 182 | 91 |
| 2017-03-31 | 392 | 300 | 71 |
| 2016-12-31 | 369 | 185 | 67 |
| 2016-09-30 | 339 | 154 | 61 |
| 2016-06-30 | 308 | 188 | 54 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from TowneBank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 1.99 | 2.05 | 1.90 | 4.00 |
| 2019-12-31 | 1.95 | 2.00 | 1.92 | 4.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 1.95 |
| 2018-12-31 | 1.88 |
| 2018-09-30 | 1.60 |
| 2018-06-30 | 1.49 |
| 2018-03-31 | 1.41 |
| 2017-12-31 | 1.41 |
| 2017-09-30 | 1.52 |
| 2017-06-30 | 1.47 |
| 2017-03-31 | 1.20 |
| 2016-12-31 | 1.18 |
| 2016-09-30 | 1.12 |
| 2016-06-30 | 1.05 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if TowneBank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess TowneBank's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
TowneBank has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has TowneBank performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- TowneBank has delivered over 20% year on year earnings growth in the past 5 years.
- TowneBank's 1-year earnings growth exceeds its 5-year average (55.4% vs 24.6%)
- TowneBank's earnings growth has exceeded the US Banks industry average in the past year (55.4% vs 39.4%).
Earnings and Revenue History
All data from TowneBank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 532.22 | 140.50 | 258.86 | |
| 2018-12-31 | 524.13 | 133.79 | 255.15 | |
| 2018-09-30 | 503.27 | 110.14 | 247.49 | |
| 2018-06-30 | 481.24 | 98.99 | 238.93 | |
| 2018-03-31 | 465.51 | 90.40 | 231.26 | |
| 2017-12-31 | 443.82 | 87.66 | 220.24 | |
| 2017-09-30 | 435.38 | 94.33 | 221.30 | |
| 2017-06-30 | 428.48 | 91.35 | 218.51 | |
| 2017-03-31 | 392.36 | 71.40 | 200.45 | |
| 2016-12-31 | 368.74 | 67.25 | 186.08 | |
| 2016-09-30 | 339.46 | 60.72 | 172.09 | |
| 2016-06-30 | 307.56 | 54.11 | 156.94 | |
| 2016-03-31 | 301.66 | 65.66 | 153.16 | |
| 2015-12-31 | 294.70 | 62.37 | 150.46 | |
| 2015-09-30 | 283.68 | 56.95 | 140.72 | |
| 2015-06-30 | 270.02 | 51.32 | 136.39 | |
| 2015-03-31 | 256.43 | 44.99 | 133.49 | |
| 2014-12-31 | 241.97 | 41.40 | 130.23 | |
| 2014-09-30 | 237.11 | 43.84 | 126.76 | |
| 2014-06-30 | 233.89 | 40.99 | 126.78 | |
| 2014-03-31 | 231.77 | 39.36 | 126.57 | |
| 2013-12-31 | 230.18 | 37.54 | 126.24 | |
| 2013-09-30 | 228.11 | 36.32 | 125.75 | |
| 2013-06-30 | 223.34 | 35.23 | 122.19 | |
| 2013-03-31 | 217.08 | 33.30 | 118.12 | |
| 2012-12-31 | 212.32 | 31.71 | 115.34 | |
| 2012-09-30 | 208.89 | 30.29 | 111.69 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- TowneBank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- TowneBank used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
- Unable to establish if TowneBank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess TowneBank's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
TowneBank has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from TowneBank Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 1,565.66 | 1,034.28 | 905.22 |
| 2018-12-31 | 1,538.42 | 1,095.84 | 661.17 |
| 2018-09-30 | 1,499.82 | 1,167.57 | 712.46 |
| 2018-06-30 | 1,476.79 | 1,173.49 | 462.52 |
| 2018-03-31 | 1,449.35 | 1,185.00 | 488.88 |
| 2017-12-31 | 1,142.51 | 799.27 | 469.81 |
| 2017-09-30 | 1,140.85 | 797.58 | 656.12 |
| 2017-06-30 | 1,123.00 | 555.79 | 476.73 |
| 2017-03-31 | 1,101.25 | 722.68 | 429.04 |
| 2016-12-31 | 1,086.56 | 720.70 | 99.77 |
| 2016-09-30 | 1,078.88 | 461.71 | 160.13 |
| 2016-06-30 | 1,061.55 | 544.81 | 228.96 |
| 2016-03-31 | 836.00 | 468.38 | 196.17 |
| 2015-12-31 | 820.19 | 466.51 | 235.56 |
| 2015-09-30 | 816.07 | 471.07 | 285.63 |
| 2015-06-30 | 802.89 | 473.32 | 185.11 |
| 2015-03-31 | 791.58 | 435.09 | 145.22 |
| 2014-12-31 | 618.28 | 430.07 | 199.03 |
| 2014-09-30 | 613.41 | 423.07 | 231.89 |
| 2014-06-30 | 604.81 | 422.15 | 269.02 |
| 2014-03-31 | 593.41 | 426.43 | 236.98 |
| 2013-12-31 | 585.32 | 442.75 | 194.97 |
| 2013-09-30 | 577.41 | 437.57 | 163.79 |
| 2013-06-30 | 571.39 | 437.53 | 160.56 |
| 2013-03-31 | 566.90 | 393.77 | 275.37 |
| 2012-12-31 | 559.88 | 392.05 | 128.84 |
| 2012-09-30 | 553.61 | 390.13 | 288.35 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- TowneBank has an acceptable proportion of non-loan assets held.
- TowneBank's liabilities are made up of primarily low risk sources of funding.
- Loans at TowneBank are broadly funded by customer deposits.
- TowneBank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
- TowneBank has a sufficient allowance for bad loans.
- TowneBank has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess TowneBank's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) TowneBank has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is TowneBank's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
TowneBank
shares you are expected to receive
$53
in your first year as a dividend.
Dividend Amount
- TowneBank's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
- TowneBank's dividend is below the markets top 25% of dividend payers in United States of America (3.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| United States of America Banks Industry Average Dividend Yield | Market Cap Weighted Average of 479 Stocks | 3% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2017 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 0.73 | 4.00 |
| 2019-12-31 | 0.70 | 4.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-22 | 0.720 | 2.688 |
| 2019-02-27 | 0.640 | 2.446 |
| 2018-11-28 | 0.640 | 2.462 |
| 2018-08-23 | 0.640 | 2.154 |
| 2018-05-23 | 0.640 | 1.963 |
| 2018-05-10 | 0.560 | 1.787 |
| 2018-04-25 | 0.560 | 1.839 |
| 2017-11-22 | 0.560 | 1.841 |
| 2017-08-28 | 0.560 | 1.707 |
| 2017-05-24 | 0.560 | 1.833 |
| 2017-02-22 | 0.520 | 1.632 |
| 2016-11-23 | 0.520 | 1.591 |
| 2016-08-24 | 0.520 | 2.094 |
| 2016-05-18 | 0.520 | 2.329 |
| 2016-02-24 | 0.480 | 2.471 |
| 2015-11-25 | 0.480 | 2.458 |
| 2015-08-26 | 0.480 | 2.396 |
| 2015-05-20 | 0.480 | 2.845 |
| 2015-02-27 | 0.440 | 2.730 |
| 2015-02-03 | 0.440 | 2.917 |
| 2014-08-28 | 0.440 | 2.987 |
| 2014-05-21 | 0.440 | 2.864 |
| 2014-02-26 | 0.400 | 2.602 |
| 2013-11-27 | 0.400 | 2.657 |
| 2013-08-28 | 0.400 | 2.723 |
| 2013-05-30 | 0.360 | 2.360 |
| 2013-02-28 | 0.360 | 2.461 |
| 2012-11-28 | 0.360 | 2.381 |
| 2012-11-08 | 0.311 | 2.155 |
| 2012-10-24 | 0.311 | 2.051 |
| 2012-08-07 | 0.311 | 2.054 |
| 2012-07-26 | 0.311 | 2.173 |
| 2012-05-30 | 0.320 | 2.350 |
| 2012-05-07 | 0.311 | 2.561 |
| 2012-04-24 | 0.311 | 2.511 |
| 2012-02-22 | 0.311 | 2.396 |
| 2012-01-31 | 0.303 | 2.238 |
| 2011-11-28 | 0.311 | 2.537 |
| 2011-11-07 | 0.311 | 2.626 |
| 2011-10-28 | 0.311 | 2.583 |
| 2011-08-26 | 0.311 | 2.709 |
| 2011-08-08 | 0.311 | 2.820 |
| 2011-07-28 | 0.311 | 2.567 |
| 2011-05-23 | 0.311 | 2.400 |
| 2011-05-09 | 0.311 | 2.357 |
| 2011-05-04 | 0.311 | 2.275 |
| 2011-02-24 | 0.311 | 2.155 |
| 2011-01-31 | 0.311 | 2.151 |
| 2010-11-29 | 0.311 | 1.994 |
| 2010-11-09 | 0.311 | 2.069 |
| 2010-11-08 | 0.311 | 2.013 |
| 2010-08-25 | 0.311 | 2.131 |
| 2010-08-19 | 0.311 | 2.200 |
| 2010-07-29 | 0.311 | 2.151 |
| 2010-05-27 | 0.311 | 2.174 |
| 2010-05-06 | 0.311 | 2.025 |
| 2010-04-22 | 0.311 | 1.968 |
| 2010-02-25 | 0.311 | 2.208 |
| 2010-01-28 | 0.311 | 2.821 |
| 2009-11-30 | 0.311 | 2.764 |
| 2009-11-05 | 0.311 | 2.646 |
| 2009-08-26 | 0.311 | 2.569 |
| 2009-08-05 | 0.311 | 2.415 |
| 2009-07-23 | 0.311 | 2.403 |
| 2009-05-27 | 0.311 | 2.155 |
| 2009-05-08 | 0.311 | 1.932 |
| 2009-04-24 | 0.311 | 1.891 |
| 2009-02-25 | 0.311 | 2.067 |
| 2009-01-29 | 0.311 | 1.781 |
| 2008-11-20 | 0.311 | 1.446 |
| 2008-11-05 | 0.311 | 1.509 |
| 2008-10-13 | 0.311 | 1.486 |
| 2008-08-27 | 0.311 | 1.562 |
| 2008-08-08 | 0.311 | 1.707 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
TowneBank's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (3.1x coverage).
- Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Income/ dividend checks
We assess TowneBank's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can TowneBank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) TowneBank has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $2,090,269 |
| AGE | 68 |
| TENURE AS CEO | 1.3 years |
CEO Bio
Mr. J. Morgan Davis has been Chief Executive Officer, President TowneBank since March 2018.And he was Chief Banking Officer at TowneBank since March 2018. Mr. Davis served as the President and Chief Banking Officer of TowneBank from July 1, 2011 to March 2018. Mr. Davis is a 37-year banking veteran and served as the founding president of a local banking institution for 13 years. He provides vital senior management experience and business acumen. He served as the Chief Executive Officer and President of Towne Financial Services Group at TowneBank from February 2005 to July 2011. He served as the President of Cenit Bank of Virginia Beach from August 1985 to April 1998. He served as President of TowneBank of Virginia Beach from May 1999 to March 2005. He has served as a key negotiator in several of TowneBank’s acquisitions and has served on the boards of several prominent community organizations. He has been a Director of TowneBank since 1999. He serves as a Director of TowneBank Chesapeake, TowneBank of Currituck, TowneBank Norfolk, TowneBank Peninsula, TowneBank Portsmouth/Suffolk, TowneBank Richmond, TowneBank Virginia Beach and TowneBank Williamsburg.
CEO Compensation
- J.'s compensation has been consistent with company performance over the past year, both up more than 20%.
- J.'s remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the TowneBank management team in years:
- The tenure for the TowneBank management team is about average.
Management Team
Bob Aston
Executive Chairman
$2M
74
J. Davis
President
$2M
68
1.3 yrs
Bill Littreal
Senior EVP
$1M
49
1.3 yrs
Brad Schwartz
Senior EVP
$1M
56
3.1 yrs
Will Morrison
Director
$2M
56
Kevin Fly
Senior EVP & Chief Accounting Officer
53
1.2 yrs
George Whitley
Chief Legal Officer & Senior EVP of Virginia Business
66
2.8 yrs
Una Oliver
Senior EVP
67
20.5 yrs
Thomas Hasty
Senior Executive Vice President of Risk Management
63
20.5 yrs
Shirley Sasser
Senior VP & Director of Corporate Sales
Board of Directors Tenure
Average tenure and age of the TowneBank board of directors in years:
- The average tenure for the TowneBank board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Bob Aston
Executive Chairman
$2M
74
21.5 yrs
J. Davis
President
$2M
68
20.5 yrs
John Failes
Vice Chairman of the Board
$55K
74
Jeff Benson
Vice Chairman of the Board
$53K
57
3.1 yrs
Jackie Amato
Director
$4M
69
Brad Schwartz
Senior EVP
$1M
56
3.1 yrs
Bill Foster
President of Commercial and Real Estate Banking & Director
63
14.2 yrs
Gordon Gentry
Chairman of TowneBank Peninsula
$53K
82
Will Morrison
Director
$2M
56
William Lewis
Director
$49K
73
20.5 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by TowneBank individual insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 29. Apr 19 | Buy | Keith Horton | Individual | 25. Apr 19 | 25. Apr 19 | 14 | $26.36 | $369 | ||
| 12. Apr 19 | Buy | Keith Horton | Individual | 25. Mar 19 | 25. Mar 19 | 2 | $26.54 | $53 | ||
| 10. Apr 19 | Sell | Keith Horton | Individual | 18. Mar 19 | 18. Mar 19 | -288 | $26.45 | $-7,618 | ||
| 21. Feb 19 | Sell | Keith Horton | Individual | 19. Feb 19 | 19. Feb 19 | -119 | $28.22 | $-3,358 | ||
| 19. Jun 19 | Sell | Kevin Fly | Individual | 18. Jun 19 | 18. Jun 19 | -624 | $27.57 | $-17,204 | ||
| 28. May 19 | Sell | Richard Bray | Individual | 23. May 19 | 23. May 19 | -1,440 | $26.00 | $-37,440 | ||
| 01. May 19 | Buy | Una Oliver | Individual | 30. Apr 19 | 30. Apr 19 | 20 | $26.08 | $522 | ||
| 01. May 19 | Sell | Andrew Fine | Individual | 29. Apr 19 | 29. Apr 19 | -1,136 | $26.43 | $-30,024 | ||
| 29. Apr 19 | Buy | Richard Bray | Individual | 25. Apr 19 | 25. Apr 19 | 16 | $26.36 | $422 | ||
| 29. Apr 19 | Buy | Jacqueline Amato | Individual | 25. Apr 19 | 25. Apr 19 | 14 | $26.36 | $369 | ||
| 29. Apr 19 | Buy | John Lawson | Individual | 25. Apr 19 | 25. Apr 19 | 8,523 | $26.36 | $224,666 | ||
| 29. Apr 19 | Buy | Dawn Glynn | Individual | 25. Apr 19 | 25. Apr 19 | 2 | $26.36 | $53 | ||
| 29. Apr 19 | Buy | J. Davis | Individual | 25. Apr 19 | 25. Apr 19 | 198 | $26.36 | $5,219 | ||
| 16. Apr 19 | Sell | William Littreal | Individual | 01. Apr 19 | 01. Apr 19 | -502 | $25.41 | $-12,756 | ||
| 16. Apr 19 | Buy | G. Aston | Individual | 27. Mar 19 | 27. Mar 19 | 60,460 | $24.81 | $1,500,013 | ||
| 12. Apr 19 | Buy | William Littreal | Individual | 20. Mar 19 | 20. Mar 19 | 10 | $25.62 | $256 | ||
| 12. Apr 19 | Buy | Una Oliver | Individual | 25. Mar 19 | 25. Mar 19 | 2 | $26.54 | $53 | ||
| 10. Apr 19 | Sell | William Foster | Individual | 18. Mar 19 | 18. Mar 19 | -350 | $26.70 | $-9,345 | ||
| 10. Apr 19 | Buy | Robert Oman | Individual | 18. Mar 19 | 18. Mar 19 | 1,285 | $27.48 | $35,312 | ||
| 10. Apr 19 | Sell | Brian Skinner | Individual | 15. Mar 19 | 15. Mar 19 | -100 | $26.45 | $-2,645 | ||
| 10. Apr 19 | Sell | Dawn Glynn | Individual | 18. Mar 19 | 18. Mar 19 | -280 | $26.70 | $-7,476 | ||
| 10. Apr 19 | Sell | William Littreal | Individual | 15. Mar 19 | 15. Mar 19 | -233 | $26.45 | $-6,163 | ||
| 10. Apr 19 | Sell | Una Oliver | Individual | 18. Mar 19 | 18. Mar 19 | -219 | $26.70 | $-5,847 | ||
| 10. Apr 19 | Sell | G. Aston | Individual | 15. Mar 19 | 15. Mar 19 | -465 | $26.45 | $-12,299 | ||
| 10. Apr 19 | Sell | Philip Rudisill | Individual | 18. Mar 19 | 18. Mar 19 | -327 | $26.70 | $-8,731 | ||
| 10. Apr 19 | Sell | J. Davis | Individual | 15. Mar 19 | 15. Mar 19 | -367 | $26.45 | $-9,707 | ||
| 10. Apr 19 | Buy | Elizabeth Patterson | Individual | 18. Mar 19 | 18. Mar 19 | 1,484 | $27.48 | $40,780 | ||
| 10. Apr 19 | Sell | Kevin Fly | Individual | 18. Mar 19 | 18. Mar 19 | -42 | $26.70 | $-1,121 | ||
| 09. Apr 19 | Buy | William Foster | Individual | 01. Mar 19 | 01. Mar 19 | 2,461 | $28.34 | $69,745 | ||
| 09. Apr 19 | Buy | Brad Schwartz | Individual | 01. Mar 19 | 01. Mar 19 | 6,653 | $28.34 | $188,546 | ||
| 09. Apr 19 | Sell | G. Aston | Individual | 01. Mar 19 | 01. Mar 19 | -1,740 | $27.69 | $-48,181 | ||
| 26. Feb 19 | Buy | Richard Bray | Individual | 25. Feb 19 | 25. Feb 19 | 2 | $28.31 | $57 | ||
| 21. Feb 19 | Sell | Brian Skinner | Individual | 19. Feb 19 | 19. Feb 19 | -121 | $28.22 | $-3,415 | ||
| 21. Feb 19 | Sell | Kevin Fly | Individual | 20. Feb 19 | 20. Feb 19 | -65 | $28.27 | $-1,838 | ||
| 21. Feb 19 | Sell | George Whitley | Individual | 19. Feb 19 | 19. Feb 19 | -173 | $28.22 | $-4,882 | ||
| 21. Feb 19 | Sell | Brad Schwartz | Individual | 19. Feb 19 | 19. Feb 19 | -401 | $28.22 | $-11,316 | ||
| 21. Feb 19 | Sell | Philip Rudisill | Individual | 19. Feb 19 | 19. Feb 19 | -135 | $28.22 | $-3,810 | ||
| 21. Feb 19 | Sell | Una Oliver | Individual | 19. Feb 19 | 19. Feb 19 | -111 | $28.22 | $-3,132 | ||
| 21. Feb 19 | Sell | William Littreal | Individual | 19. Feb 19 | 19. Feb 19 | -902 | $28.22 | $-25,454 | ||
| 21. Feb 19 | Sell | J. Davis | Individual | 19. Feb 19 | 19. Feb 19 | -491 | $28.22 | $-13,856 | ||
| 21. Feb 19 | Sell | G. Aston | Individual | 19. Feb 19 | 19. Feb 19 | -594 | $28.22 | $-16,763 | ||
| 21. Feb 19 | Sell | Dawn Glynn | Individual | 20. Feb 19 | 20. Feb 19 | -339 | $28.27 | $-9,584 | ||
| 21. Feb 19 | Sell | William Foster | Individual | 20. Feb 19 | 20. Feb 19 | -417 | $28.27 | $-11,789 | ||
| 12. Feb 19 | Sell | Kevin Fly | Individual | 11. Feb 19 | 11. Feb 19 | -50 | $26.55 | $-1,328 | ||
| 31. Jan 19 | Sell | Andrew Fine | Individual | 28. Jan 19 | 28. Jan 19 | -200 | $25.50 | $-5,100 | ||
| 29. Jan 19 | Buy | William Morrison | Individual | 28. Jan 19 | 28. Jan 19 | 2,000 | $25.54 | $51,080 | ||
| 08. Jan 19 | Buy | Douglas Ellis | Individual | 17. Dec 18 | 17. Dec 18 | 100 | $25.80 | $2,580 | ||
| 08. Jan 19 | Buy | Bradford Cherry | Individual | 18. Dec 18 | 18. Dec 18 | 162 | $25.50 | $4,131 | ||
| 08. Jan 19 | Sell | Andrew Fine | Individual | 04. Dec 18 | 04. Dec 18 | -189 | $28.30 | $-5,262 | ||
| 18. Dec 18 | Sell | Richard Bray | Individual | 17. Dec 18 | 17. Dec 18 | -2,800 | $25.26 | $-70,728 | ||
| 14. Dec 18 | Sell | William Foster | Individual | 11. Dec 18 | 11. Dec 18 | -447 | $25.78 | $-11,524 | ||
| 04. Dec 18 | Sell | George Whitley | Individual | 03. Dec 18 | 03. Dec 18 | -473 | $28.50 | $-13,481 | ||
| 16. Nov 18 | Sell | William Foster | Individual | 16. Nov 18 | 16. Nov 18 | -715 | $27.81 | $-19,884 | ||
| 05. Nov 18 | Sell | Edward Baynor | Individual | 30. Oct 18 | 31. Oct 18 | -1,979 | $28.22 | $-55,687 | ||
| 02. Nov 18 | Sell | Robert Oman | Individual | 01. Nov 18 | 01. Nov 18 | -5,700 | $28.10 | $-160,170 | ||
| 02. Nov 18 | Sell | Robert Oman | Individual | 02. Nov 18 | 02. Nov 18 | -5,819 | $27.78 | $-161,652 | ||
| 31. Oct 18 | Buy | George Whitley | Individual | 30. Oct 18 | 30. Oct 18 | 5,300 | $28.15 | $149,195 | ||
| 29. Oct 18 | Buy | Alan Witt | Individual | 29. Oct 18 | 29. Oct 18 | 3,900 | $27.75 | $107,883 | ||
| 29. Oct 18 | Sell | Robert Hatley | Individual | 01. Aug 18 | 06. Aug 18 | -56,062 | $32.45 | $-1,798,701 | ||
| 24. Oct 18 | Buy | Una Oliver | Individual | 22. Oct 18 | 22. Oct 18 | 1 | $30.43 | $30 | ||
| 24. Oct 18 | Buy | David Patterson | Individual | 22. Oct 18 | 22. Oct 18 | 4 | $30.43 | $122 | ||
| 24. Oct 18 | Buy | Philip Rudisill | Individual | 22. Oct 18 | 22. Oct 18 | 10 | $30.43 | $304 | ||
| 24. Oct 18 | Buy | Richard Thurmond | Individual | 22. Oct 18 | 22. Oct 18 | 49 | $30.43 | $1,491 | ||
| 15. Oct 18 | Buy | William Morrison | Individual | 27. Apr 18 | 12. Sep 18 | 93 | $31.75 | $2,885 | ||
| 21. Sep 18 | Sell | Gordon Gentry | Individual | 20. Aug 18 | 21. Aug 18 | -2,000 | $32.90 | $-65,550 | ||
| 21. Sep 18 | Buy | R. Morgan | Individual | 20. Sep 18 | 20. Sep 18 | 3 | $31.71 | $95 | ||
| 17. Sep 18 | Sell | William Foster | Individual | 17. Sep 18 | 17. Sep 18 | -400 | $31.80 | $-12,720 | ||
| 12. Sep 18 | Sell | Robert Hatley | Individual | 07. Sep 18 | 07. Sep 18 | -11,000 | $31.89 | $-350,790 | ||
| 29. Aug 18 | Sell | William Foster | Individual | 28. Aug 18 | 28. Aug 18 | -440 | $32.40 | $-14,256 | ||
| 10. Aug 18 | Buy | Alan Witt | Individual | 08. Aug 18 | 08. Aug 18 | 15 | $32.40 | $486 | ||
| 10. Aug 18 | Buy | Andrew Fine | Individual | 08. Aug 18 | 08. Aug 18 | 15 | $32.40 | $486 | ||
| 10. Aug 18 | Buy | Douglas Ellis | Individual | 08. Aug 18 | 08. Aug 18 | 15 | $32.40 | $486 | ||
| 10. Aug 18 | Buy | Howard Jung | Individual | 08. Aug 18 | 08. Aug 18 | 9 | $32.40 | $292 | ||
Management checks
We assess TowneBank's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) TowneBank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Does The TowneBank (NASDAQ:TOWN) Share Price Tend To Follow The Market?
Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … This is above 1, so historically its share price has been influenced by the broader volatility of the stock market.
Simply Wall St - – Full articleShould You Buy TowneBank (NASDAQ:TOWN) For Its Upcoming Dividend In 3 Days?
Check out our latest analysis for TowneBank Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. … NasdaqGS:TOWN Historical Dividend Yield, June 23rd 2019 Have Earnings And Dividends Been Growing? … Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving.
Simply Wall St - – Full articleUpdate: TowneBank (NASDAQ:TOWN) Stock Gained 69% In The Last Five Years
For example, the TowneBank (NASDAQ:TOWN) share price is up 69% in the last 5 years, clearly besting than the market return of around 38% (ignoring dividends). … During five years of share price growth, TowneBank achieved compound earnings per share (EPS) growth of 11% per year. … We note that for TowneBank the TSR over the last 5 years was 89%, which is better than the share price return mentioned above.
Simply Wall St - – Full articleIs TowneBank's (NASDAQ:TOWN) High P/E Ratio A Problem For Investors?
The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for TowneBank: P/E of 13.52 = $26.41 ÷ $1.95 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good? … A higher P/E ratio means that buyers have to pay a higher price for each $1 the company has earned over the last year. … NasdaqGS:TOWN Price Estimation Relative to Market, May 13th 2019 Its P/E ratio suggests that TowneBank shareholders think that in the future it will perform about the same as other companies in its industry classification.
Simply Wall St - – Full articleWho Has Been Selling TowneBank (NASDAQ:TOWN) Shares?
So shareholders might well want to know whether insiders have been buying or selling shares in TowneBank (NASDAQ:TOWN). … In the last twelve months, the biggest single sale by an insider was when the , Robert Hatley, sold US$1.8m worth of shares at a price of US$32.45 per share. … While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price.
Simply Wall St - – Full articleWith EPS Growth And More, TowneBank (NASDAQ:TOWN) Is Interesting
So if you're like me, you might be more interested in profitable, growing companies, like TowneBank (NASDAQ:TOWN). … I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. … While we note TowneBank's EBIT margins were flat over the last year, revenue grew by a solid 18% to US$524m.
Simply Wall St - – Full articleDoes TowneBank (NASDAQ:TOWN) Have A Volatile Share Price?
Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.
Simply Wall St - – Full articleInterested In TowneBank (NASDAQ:TOWN)’s Upcoming US$0.16 Dividend? You Have 4 Days Left
If you are interested in cashing in on TowneBank's (NASDAQ:TOWN) upcoming dividend of US$0.16 per share, you only have 4 days left to buy the shares before its ex-dividend date, 28 March 2019, in time for dividends payable on the 10 April 2019. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:? … Based on future earnings growth, will it be able to continue to payout dividend at the current rate
Simply Wall St - – Full articleAt US$26.72, Is TowneBank (NASDAQ:TOWN) Worth Looking At Closely?
As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … However, could the stock still be trading at a relatively cheap price. … Today I will analyse the most recent data on TowneBank’s outlook and valuation to see if the opportunity still exists
Simply Wall St - – Full articleThree Key Risks For TowneBank (NASDAQ:TOWN) You Should Know
Its profit and value are directly impacted by its borrowers’ ability to pay which is driven by the level of economic growth. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting TowneBank’s bottom line. … Today we will analyse TowneBank’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank.
Simply Wall St - – Full articleCompany Info
Description
TowneBank provides retail and commercial banking services for small- and medium-size businesses, professionals, and individuals. The company operates in three segments: Banking, Realty, and Insurance. It accepts various deposits products, including demand deposits, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts, and negotiable order of withdrawal 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, cash management services, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as Internet, 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, such as 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 offers life, property, casualty, travel, and vehicle insurance services; medical, and baggage protection insurance for travelers; and employee benefit programs, such as medical, dental, vision, and disability insurance. As of February 27, 2019, it operated 41 banking offices in Virginia and North Carolina. TowneBank was founded in 1998 and is based in Portsmouth, Virginia.
Details
| Name: | TowneBank |
| TOWN | |
| Exchange: | NasdaqGS |
| Founded: | 1998 |
| $1,963,471,895 | |
| 71,843,099 | |
| Website: | http://www.townebank.com |
| Address: |
TowneBank 5716 High Street West, Portsmouth, Virginia, 23703, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | TOWN | Common Stock | Nasdaq Global Select | US | USD | 07. May 1999 | |
| DB | 3T8 | Common Stock | Deutsche Boerse AG | DE | EUR | 07. May 1999 |
Number of employees
Current staff
Industry
| Regional Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/19 23:47 |
| End of day share price update: | 2019/07/19 00:00 |
| Last estimates confirmation: | 2019/07/15 |
| Last earnings filing: | 2019/05/10 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
