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TOWN

TowneBank NasdaqGS:TOWN Stock Report

Last Price

US$23.54

Market Cap

US$1.7b

7D

0.7%

1Y

-21.1%

Updated

01 Jun, 2023

Data

Company Financials +

TOWN Stock Overview

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

TOWN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends4/6

My Notes

Capture your thoughts, links and company narrative

TowneBank Competitors

Price History & Performance

Summary of all time highs, changes and price drops for TowneBank
Historical stock prices
Current Share PriceUS$23.54
52 Week HighUS$33.43
52 Week LowUS$21.22
Beta0.97
1 Month Change7.10%
3 Month Change-22.21%
1 Year Change-21.11%
3 Year Change20.72%
5 Year Change-29.42%
Change since IPO256.77%

Recent News & Updates

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

May 28
TowneBank's (NASDAQ:TOWN) Shareholders Will Receive A Bigger Dividend Than Last Year

Recent updates

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

May 28
TowneBank's (NASDAQ:TOWN) Shareholders Will Receive A Bigger Dividend Than Last Year

TowneBank declares $0.23 dividend

Aug 24

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

Jul 28

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

Jun 21
TowneBank's (NASDAQ:TOWN) Dividend Will Be Increased To US$0.23

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

Jan 21
Here's Why I Think TowneBank (NASDAQ:TOWN) Might Deserve Your Attention Today

TowneBank: Good Profitability Levels Likely To Drive Additional Upside

Aug 27

TowneBank (NASDAQ:TOWN) Will Pay A Larger Dividend Than Last Year At US$0.20

Jun 06
TowneBank (NASDAQ:TOWN) Will Pay A Larger Dividend Than Last Year At US$0.20

With EPS Growth And More, TowneBank (NASDAQ:TOWN) Is Interesting

Jun 04
With EPS Growth And More, TowneBank (NASDAQ:TOWN) Is Interesting

Have Insiders Sold TowneBank (NASDAQ:TOWN) Shares Recently?

Mar 10
Have Insiders Sold TowneBank (NASDAQ:TOWN) Shares Recently?

Read This Before Buying TowneBank (NASDAQ:TOWN) Shares

Feb 23
Read This Before Buying TowneBank (NASDAQ:TOWN) Shares

Piper Sandler upgrades TowneBank, HomeBancorp, First Community Bankshares

Feb 03

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

Jan 26
The TowneBank (NASDAQ:TOWN) Share Price Is Up 35% And Shareholders Are Holding On

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

Dec 29
Does TowneBank's (NASDAQ:TOWN) CEO Salary Compare Well With The Performance Of The Company?

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

TowneBank declares $0.18 dividend

Dec 02

Shareholder Returns

TOWNUS BanksUS Market
7D0.7%-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 Movement5.1%
Banks Industry Average Movement6.0%
Market Average Movement6.5%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market3.0%

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

FoundedEmployeesCEOWebsite
19982,862Bill Fosterhttps://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 CapUS$1.74b
Earnings (TTM)US$181.73m
Revenue (TTM)US$682.75m

9.6x

P/E Ratio

0.9x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TOWN income statement (TTM)
RevenueUS$682.75m
Cost of RevenueUS$0
Gross ProfitUS$682.75m
Other ExpensesUS$501.02m
EarningsUS$181.73m

Last Reported Earnings

Mar 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)2.46
Gross Margin100.00%
Net Profit Margin26.62%
Debt/Equity Ratio40.6%

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 DateJun 29 2023
Dividend Pay DateJul 14 2023
Days until Ex dividend26 days
Days until Dividend pay date41 days

Does TOWN pay a reliable dividends?

See TOWN dividend history and benchmarks