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TowneBank NasdaqGS:TOWN Stock Report

Last Price

US$33.02

Market Cap

US$2.5b

7D

1.7%

1Y

44.7%

Updated

10 Oct, 2024

Data

Company Financials +

TOWN Stock Overview

Provides retail and commercial banking services for individuals, commercial enterprises, and professionals.

TOWN fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance2/6
Financial Health6/6
Dividends5/6

TowneBank Competitors

Price History & Performance

Summary of all time highs, changes and price drops for TowneBank
Historical stock prices
Current Share PriceUS$33.02
52 Week HighUS$35.10
52 Week LowUS$21.63
Beta0.91
11 Month Change-0.87%
3 Month Change11.33%
1 Year Change44.70%
33 Year Change3.61%
5 Year Change19.38%
Change since IPO400.44%

Recent News & Updates

TowneBank (NASDAQ:TOWN) Has Announced A Dividend Of $0.25

Sep 27
TowneBank (NASDAQ:TOWN) Has Announced A Dividend Of $0.25

TowneBank's (NASDAQ:TOWN) Dividend Will Be $0.25

Aug 31
TowneBank's (NASDAQ:TOWN) Dividend Will Be $0.25

Recent updates

TowneBank (NASDAQ:TOWN) Has Announced A Dividend Of $0.25

Sep 27
TowneBank (NASDAQ:TOWN) Has Announced A Dividend Of $0.25

TowneBank's (NASDAQ:TOWN) Dividend Will Be $0.25

Aug 31
TowneBank's (NASDAQ:TOWN) Dividend Will Be $0.25

TowneBank (NASDAQ:TOWN) Has Affirmed Its Dividend Of $0.25

Jun 04
TowneBank (NASDAQ:TOWN) Has Affirmed Its Dividend Of $0.25

TowneBank: Manageable CRE Exposure, But The Stock Is A Bit Too Expensive

May 08

The TowneBank (NASDAQ:TOWN) First-Quarter Results Are Out And Analysts Have Published New Forecasts

Apr 26
The TowneBank (NASDAQ:TOWN) First-Quarter Results Are Out And Analysts Have Published New Forecasts

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

Shareholder Returns

TOWNUS BanksUS Market
7D1.7%2.7%1.2%
1Y44.7%43.1%31.0%

Return vs Industry: TOWN exceeded the US Banks industry which returned 43.1% over the past year.

Return vs Market: TOWN exceeded the US Market which returned 31% over the past year.

Price Volatility

Is TOWN's price volatile compared to industry and market?
TOWN volatility
TOWN Average Weekly Movement3.7%
Banks Industry Average Movement4.7%
Market Average Movement6.4%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market3.2%

Stable Share Price: TOWN has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: TOWN's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19982,838Bill Fosterwww.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$2.45b
Earnings (TTM)US$151.21m
Revenue (TTM)US$668.08m

16.2x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TOWN income statement (TTM)
RevenueUS$668.08m
Cost of RevenueUS$0
Gross ProfitUS$668.08m
Other ExpensesUS$516.87m
EarningsUS$151.21m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)2.04
Gross Margin100.00%
Net Profit Margin22.63%
Debt/Equity Ratio14.2%

How did TOWN perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

49%

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 DateSep 30 2024
Dividend Pay DateOct 11 2024
Days until Ex dividend11 days
Days until Dividend pay date0 days

Does TOWN pay a reliable dividends?

See TOWN dividend history and benchmarks