TowneBank (Nasdaq:TOWN) - Stock Price, News & Analysis

TOWN Stock Overview

TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals.

TOWN fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	2/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 32.7% below our estimate of its fair value

Pays a reliable dividend of 3.91%

Risk Analysis

Earnings are forecast to decline by an average of 0.2% per year for the next 3 years

Shareholders have been diluted in the past year

My Notes

Capture your thoughts, links and company narrative

TowneBank Competitors

CVB Financial

NasdaqGS:CVBF

US$1.7b

Park National

NYSEAM:PRK

US$1.6b

Banner

NasdaqGS:BANR

US$1.5b

First Financial Bancorp

NasdaqGS:FFBC

US$1.9b

Price History & Performance

Summary of all time highs, changes and price drops for TowneBank
Historical stock prices
Current Share Price	US$23.54
52 Week High	US$33.43
52 Week Low	US$21.22
Beta	0.97
1 Month Change	7.10%
3 Month Change	-22.21%
1 Year Change	-21.11%
3 Year Change	20.72%
5 Year Change	-29.42%
Change since IPO	256.77%

TowneBank's (NASDAQ:TOWN) Shareholders Will Receive A Bigger Dividend Than Last Year

May 28

Recent updates

TowneBank's (NASDAQ:TOWN) Shareholders Will Receive A Bigger Dividend Than Last Year

May 28

The TowneBank (NASDAQ:TOWN) Share Price Is Up 35% And Shareholders Are Holding On

Jan 26

Does TowneBank's (NASDAQ:TOWN) CEO Salary Compare Well With The Performance Of The Company?

Dec 29

TowneBank: Trading At Its Book Value And With A 3%+ Dividend Yield

Dec 23

Are You An Income Investor? Don't Miss Out On TowneBank (NASDAQ:TOWN)

Dec 08

TowneBank declares $0.18 dividend

Dec 02

Shareholder Returns

	TOWN	US Banks	US Market
7D	0.7%	-0.04%	1.8%
1Y	-21.1%	-18.2%	-1.0%

Return vs Industry: TOWN underperformed the US Banks industry which returned -18.2% over the past year.

Return vs Market: TOWN underperformed the US Market which returned -1% over the past year.

Price Volatility

Is TOWN's price volatile compared to industry and market?
TOWN volatility
TOWN Average Weekly Movement	5.1%
Banks Industry Average Movement	6.0%
Market Average Movement	6.5%
10% most volatile stocks in US Market	15.6%
10% least volatile stocks in US Market	3.0%

Stable Share Price: TOWN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TOWN's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1998	2,862	Bill Foster	https://www.townebank.com

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.

TowneBank Fundamentals Summary

How do TowneBank's earnings and revenue compare to its market cap?
TOWN fundamental statistics
Market Cap	US$1.74b
Earnings (TTM)	US$181.73m
Revenue (TTM)	US$682.75m

9.6x

P/E Ratio

0.9x

P/B Ratio

Is TOWN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
TOWN income statement (TTM)
Revenue	US$682.75m
Cost of Revenue	US$0
Gross Profit	US$682.75m
Other Expenses	US$501.02m
Earnings	US$181.73m

Last Reported Earnings

Mar 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	2.46
Gross Margin	100.00%
Net Profit Margin	26.62%
Debt/Equity Ratio	40.6%

How did TOWN perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

37%

Payout Ratio

Does TOWN pay a reliable dividends?

See TOWN dividend history and benchmarks

When do you need to buy TOWN by to receive an upcoming dividend?
TowneBank dividend dates
Ex Dividend Date	Jun 29 2023
Dividend Pay Date	Jul 14 2023
Days until Ex dividend	26 days
Days until Dividend pay date	41 days

Does TOWN pay a reliable dividends?

See TOWN dividend history and benchmarks

TOWN Stock Overview

Rewards

Risk Analysis

TowneBank Competitors

NasdaqGS:CVBF

US$1.7b

NYSEAM:PRK

US$1.6b

NasdaqGS:BANR

US$1.5b

NasdaqGS:FFBC

US$1.9b

Price History & Performance

Recent News & Updates

TowneBank's (NASDAQ:TOWN) Shareholders Will Receive A Bigger Dividend Than Last Year

Insider recently bought US$87k worth of stock

Insider recently bought US$87k worth of stock

TowneBank Declares Second-Quarter Shareholder Cash Dividend, Payable on July 14, 2023

Independent Director recently bought US$130k worth of stock

Consensus EPS estimates fall by 14%

Recent updates

TowneBank's (NASDAQ:TOWN) Shareholders Will Receive A Bigger Dividend Than Last Year

Insider recently bought US$87k worth of stock

Insider recently bought US$87k worth of stock

TowneBank Declares Second-Quarter Shareholder Cash Dividend, Payable on July 14, 2023

Independent Director recently bought US$130k worth of stock

Consensus EPS estimates fall by 14%

Price target decreased by 10.0% to US$30.00

Price target decreased by 9.3% to US$32.33

Senior EVP & Chief Information Officer exercised options to buy US$58k worth of stock.

Upcoming dividend of US$0.23 per share at 3.3% yield

Insider recently bought US$61k worth of stock

Senior EVP recently sold US$52k worth of stock

Insider recently sold US$476k worth of stock

Senior EVP recently sold US$57k worth of stock

Price target decreased by 10% to US$32.00

Senior EVP recently sold US$57k worth of stock

Full year 2022 earnings: EPS misses analyst expectations

Townebank Names Clark as Chief Operating Officer

Upcoming dividend of US$0.23 per share

TowneBank Announces Quarterly Cash Dividend, Payable on January 12, 2023

TowneBank Announces Chief Executive Officer Changes

Independent Director recently bought US$276k worth of stock

Independent Director recently bought US$276k worth of stock

Third quarter 2022 earnings released: EPS: US$0.69 (vs US$0.69 in 3Q 2021)

TowneBank Announces Executive Changes

TowneBank Appoints Dawn S. Glynn as Leader of the Bank’s New Corporate Services Group. as Chief Experience Officer

Upcoming dividend of US$0.23 per share

Chief Information Officer recently sold US$91k worth of stock

TowneBank Announces Executive Changes

TowneBank Announces Quarterly Cash Dividend, Payable on October 14, 2022

TowneBank declares $0.23 dividend

TowneBank (NasdaqGS:TOWN) signed a definitive agreement to acquire Farmers Bankshares, Inc. (OTCPK:FBVA) for $59.4 million.

Townebank Appoints Ted Wolfe to President of Townebank Charlotte

Second quarter 2022 earnings released: EPS: US$0.64 (vs US$0.77 in 2Q 2021)

TowneBank GAAP EPS of $0.64 beats by $0.03, revenue of $166.98M

Price target decreased to US$33.00

Upcoming dividend of US$0.23 per share

TowneBank's (NASDAQ:TOWN) Dividend Will Be Increased To US$0.23

TowneBank Announces Quarterly Cash Dividend, Payable on July 12, 2022

Independent Director recently bought US$498k worth of stock

Independent Director recently bought US$998k worth of stock

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Townebank Announces Retirement of Directors

Upcoming dividend of US$0.20 per share

CEO & Director recently sold US$316k worth of stock

Full year 2021 earnings: EPS misses analyst expectations

Senior EVP recently sold US$54k worth of stock

Townebank Announces Quarterly Cash Dividend, Payable on April 8, 2022

Senior EVP recently sold US$53k worth of stock

Senior EVP recently sold US$58k worth of stock

TowneBank(NasdaqGS:TOWN) dropped from OMX Nordic Small Cap Index

Full year 2021 earnings: EPS misses analyst expectations

TowneBank Announces J. Morgan Davis to Retire as Chief Executive Officer

Here's Why I Think TowneBank (NASDAQ:TOWN) Might Deserve Your Attention Today

Upcoming dividend of US$0.20 per share

CEO & Director recently sold US$1.3m worth of stock

Third quarter 2021 earnings released: EPS US$0.70 (vs US$0.48 in 3Q 2020)

Upcoming dividend of US$0.20 per share

TowneBank: Good Profitability Levels Likely To Drive Additional Upside