TOWN Stock Overview Provides retail and commercial banking services for individuals, commercial enterprises, and professionals. More details
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Price History & Performance
Summary of share price highs, lows and changes for TowneBank Historical stock prices Current Share Price US$34.36 52 Week High US$38.28 52 Week Low US$25.70 Beta 0.94 1 Month Change -6.20% 3 Month Change 7.44% 1 Year Change 15.46% 3 Year Change 7.24% 5 Year Change 24.76% Change since IPO 420.75%
Recent News & Updates
Upcoming dividend of US$0.25 per share Dec 24
TowneBank (NASDAQ:TOWN) Is Due To Pay A Dividend Of $0.25 Dec 03
Third quarter dividend of US$0.25 announced Dec 02
TowneBank Declares Fourth-Quarter Cash Dividend, Payable on January 14, 2025 Nov 28
Insider recently sold US$425k worth of stock Nov 10
TowneBank Reports Net Charge Off for the Third Quarter Ended September 30, 2024 Oct 26 See more updates
Upcoming dividend of US$0.25 per share Dec 24
TowneBank (NASDAQ:TOWN) Is Due To Pay A Dividend Of $0.25 Dec 03
Third quarter dividend of US$0.25 announced Dec 02
TowneBank Declares Fourth-Quarter Cash Dividend, Payable on January 14, 2025 Nov 28
Insider recently sold US$425k worth of stock Nov 10
TowneBank Reports Net Charge Off for the Third Quarter Ended September 30, 2024 Oct 26
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Oct 24
Now 20% undervalued Oct 18
TowneBank (NASDAQ:TOWN) Has Announced A Dividend Of $0.25 Sep 27
TowneBank (NasdaqGS:TOWN) signed a definitive agreement and plan of reorganization to acquire Village Bank and Trust Financial Corp. (NasdaqCM:VBFC) for approximately $120 million. Sep 26
TowneBank (NasdaqGS:TOWN) signed a definitive agreement and plan of reorganization to acquire Village Bank and Trust Financial Corp. (NasdaqCM:VBFC) for approximately $120 million. Sep 24
Upcoming dividend of US$0.25 per share Sep 23
TowneBank's (NASDAQ:TOWN) Dividend Will Be $0.25 Aug 31
Second quarter dividend of US$0.25 announced Aug 30
Townebank Announces Quarterly Cash Dividend, Payable on October 11, 2024 Aug 29
Insider recently sold US$305k worth of stock Aug 01
Price target increased by 12% to US$34.50 Jul 30
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Jul 25
Investor sentiment improves as stock rises 15% Jul 16
New minor risk - Insider selling Jun 07
TowneBank (NASDAQ:TOWN) Has Affirmed Its Dividend Of $0.25 Jun 04
First quarter dividend of US$0.25 announced Jun 02
TowneBank Announces Second-Quarter Cash Dividend, Payable on July 12, 2024 May 31
Insider recently sold US$235k worth of stock May 16
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
First quarter 2024 earnings: EPS and revenues miss analyst expectations Apr 25
Now 20% undervalued after recent price drop Apr 10
Townebank Announces Retirement of Jacqueline B. Amato and Bradford L. Cherry as Members of Board of Directors Mar 28
Upcoming dividend of US$0.25 per share Mar 20
Now 21% undervalued after recent price drop Mar 14
Independent Director recently sold US$453k worth of stock Mar 12
TowneBank, Annual General Meeting, May 22, 2024 Mar 12
TowneBank Appoints Sachin Shetty to the Board of Directors Mar 06
Full year 2023 earnings: EPS misses analyst expectations Mar 04
Fourth quarter dividend of US$0.25 announced Mar 03
TowneBank Declares First-Quarter Cash Dividend, Payable on April 12, 2024 Feb 29
Full year 2023 earnings: EPS misses analyst expectations Jan 26
Price target increased by 8.8% to US$29.80 Dec 28
Upcoming dividend of US$0.25 per share at 3.3% yield Dec 21
Insider recently sold US$298k worth of stock Dec 18
TowneBank Announces Quarterly Cash Dividend, Payable on January 12, 2024 Nov 29
New minor risk - Insider selling Nov 06
Insider recently sold US$282k worth of stock Nov 06 TowneBank to Report Q3, 2023 Results on Oct 26, 2023 Oct 27
Upcoming dividend of US$0.25 per share at 4.3% yield Sep 21
TowneBank Declares Cash Dividend for the Third-Quarter, Payable on October 13, 2023 Aug 24
Second quarter 2023 earnings: Revenues and EPS in line with analyst expectations Jul 28
Upcoming dividend of US$0.25 per share at 4.1% yield Jun 22
TowneBank Appoints Ernest Piccioli as Chief Risk Officer Jun 14
TowneBank's (NASDAQ:TOWN) Shareholders Will Receive A Bigger Dividend Than Last Year May 28
Insider recently bought US$87k worth of stock May 28
Insider recently bought US$87k worth of stock May 28
TowneBank Declares Second-Quarter Shareholder Cash Dividend, Payable on July 14, 2023 May 25
Independent Director recently bought US$130k worth of stock May 11
Consensus EPS estimates fall by 14% May 05
Price target decreased by 10.0% to US$30.00 May 03
Price target decreased by 9.3% to US$32.33 Mar 30
Senior EVP & Chief Information Officer exercised options to buy US$58k worth of stock. Mar 23
Upcoming dividend of US$0.23 per share at 3.3% yield Mar 22
Insider recently bought US$61k worth of stock Mar 05
Senior EVP recently sold US$52k worth of stock Feb 24
Insider recently sold US$476k worth of stock Feb 20
Senior EVP recently sold US$57k worth of stock Feb 10
Price target decreased by 10% to US$32.00 Feb 06
Senior EVP recently sold US$57k worth of stock Feb 05
Full year 2022 earnings: EPS misses analyst expectations Jan 26
Townebank Names Clark as Chief Operating Officer Jan 06
Upcoming dividend of US$0.23 per share Dec 22
TowneBank Announces Quarterly Cash Dividend, Payable on January 12, 2023 Nov 29
TowneBank Announces Chief Executive Officer Changes Nov 24
Independent Director recently bought US$276k worth of stock Nov 07
Independent Director recently bought US$276k worth of stock Nov 03
Third quarter 2022 earnings released: EPS: US$0.69 (vs US$0.69 in 3Q 2021) Oct 27
TowneBank Announces Executive Changes Oct 12
TowneBank Appoints Dawn S. Glynn as Leader of the Bank’s New Corporate Services Group. as Chief Experience Officer Oct 06
Upcoming dividend of US$0.23 per share Sep 22
Chief Information Officer recently sold US$91k worth of stock Sep 16
TowneBank Announces Executive Changes Aug 27
TowneBank Announces Quarterly Cash Dividend, Payable on October 14, 2022 Aug 25
TowneBank declares $0.23 dividend Aug 24
TowneBank (NasdaqGS:TOWN) signed a definitive agreement to acquire Farmers Bankshares, Inc. (OTCPK:FBVA) for $59.4 million. Aug 19
Townebank Appoints Ted Wolfe to President of Townebank Charlotte Jul 29
Second quarter 2022 earnings released: EPS: US$0.64 (vs US$0.77 in 2Q 2021) Jul 28
TowneBank GAAP EPS of $0.64 beats by $0.03, revenue of $166.98M Jul 28
Price target decreased to US$33.00 Jul 03
Upcoming dividend of US$0.23 per share Jun 22
TowneBank's (NASDAQ:TOWN) Dividend Will Be Increased To US$0.23 Jun 21
TowneBank Announces Quarterly Cash Dividend, Payable on July 12, 2022 May 27
Independent Director recently bought US$498k worth of stock May 25
Independent Director recently bought US$998k worth of stock May 08
First quarter 2022 earnings: EPS and revenues exceed analyst expectations Apr 29
Townebank Announces Retirement of Directors Apr 15
Upcoming dividend of US$0.20 per share Mar 22
CEO & Director recently sold US$316k worth of stock Mar 18
Full year 2021 earnings: EPS misses analyst expectations Mar 03
Senior EVP recently sold US$54k worth of stock Mar 01
Townebank Announces Quarterly Cash Dividend, Payable on April 8, 2022 Feb 24 Shareholder Returns TOWN US Banks US Market 7D 0.3% 0.1% -1.1% 1Y 15.5% 28.7% 22.4%
See full shareholder returns
Return vs Industry: TOWN underperformed the US Banks industry which returned 29.4% over the past year.
Return vs Market: TOWN underperformed the US Market which returned 23.7% over the past year.
Price Volatility Is TOWN's price volatile compared to industry and market? TOWN volatility TOWN Average Weekly Movement 4.9% Banks Industry Average Movement 5.2% Market Average Movement 6.3% 10% most volatile stocks in US Market 17.6% 10% least volatile stocks in US Market 3.1%
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 (5%) has been stable over the past year.
About the Company 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.
Show more TowneBank Fundamentals Summary How do TowneBank's earnings and revenue compare to its market cap? TOWN fundamental statistics Market cap US$2.55b Earnings (TTM ) US$149.30m Revenue (TTM ) US$671.84m
Earnings & Revenue Key profitability statistics from the latest earnings report (TTM) TOWN income statement (TTM ) Revenue US$671.84m Cost of Revenue US$0 Gross Profit US$671.84m Other Expenses US$522.55m Earnings US$149.30m
Last Reported Earnings
Sep 30, 2024
Earnings per share (EPS) 2.01 Gross Margin 100.00% Net Profit Margin 22.22% Debt/Equity Ratio 13.4%
How did TOWN perform over the long term?
See historical performance and comparison Dividends
2.9% Current Dividend Yield When do you need to buy TOWN by to receive an upcoming dividend? TowneBank dividend dates Ex Dividend Date Dec 31 2024 Dividend Pay Date Jan 14 2025 Days until Ex dividend 0 days Days until Dividend pay date 14 days
Company Analysis and Financial Data Status Data Last Updated (UTC time) Company Analysis 2024/12/30 03:21 End of Day Share Price 2024/12/30 00:00 Earnings 2024/09/30 Annual Earnings 2023/12/31
Data Sources The data used in our company analysis is from S&P Global Market Intelligence LLC . The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
Package Data Timeframe Example US Source * Company Financials 10 years Income statement Cash flow statement Balance sheet Analyst Consensus Estimates +3 years Forecast financials Analyst price targets Market Prices 30 years Stock prices Dividends, Splits and Actions Ownership 10 years Top shareholders Insider trading Management 10 years Leadership team Board of directors Key Developments 10 years
* example for US securities, for non-US equivalent regulatory forms and sources are used.
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 .
Analysis Model and Snowflake Details of the analysis model used to generate this report is available on our Github page , we also have guides on how to use our reports and tutorials on Youtube .
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources TowneBank is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
Analyst Institution Brett Scheiner FBR Capital Markets & Co. David Bishop Hovde Group, LLC Christopher McGratty Keefe, Bruyette, & Woods
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