TowneBank Future Growth

Future criteria checks 4/6

TowneBank is forecast to grow earnings and revenue by 22.1% and 12% per annum respectively. EPS is expected to grow by 21.9% per annum. Return on equity is forecast to be 9.8% in 3 years.

Key information

22.1%

Earnings growth rate

21.9%

EPS growth rate

Banks earnings growth	10.4%
Revenue growth rate	12.0%
Future return on equity	9.8%
Analyst coverage	Low
Last updated	18 Nov 2024

Recent future growth updates

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

Apr 26

Recent updates

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

Apr 26

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

May 28

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

Earnings and Revenue Growth Forecasts

NasdaqGS:TOWN - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	873	242	N/A	N/A	4
12/31/2025	787	192	N/A	N/A	4
12/31/2024	690	157	N/A	N/A	4
9/30/2024	672	149	28	83	N/A
6/30/2024	668	151	175	211	N/A
3/31/2024	671	150	179	221	N/A
12/31/2023	675	154	117	161	N/A
9/30/2023	690	172	145	196	N/A
6/30/2023	694	177	131	178	N/A
3/31/2023	683	182	180	234	N/A
12/31/2022	677	189	363	416	N/A
9/30/2022	671	182	403	449	N/A
6/30/2022	667	183	558	603	N/A
3/31/2022	677	192	570	607	N/A
12/31/2021	697	215	488	519	N/A
9/30/2021	706	225	579	610	N/A
6/30/2021	695	209	358	383	N/A
3/31/2021	653	188	155	198	N/A
12/31/2020	597	146	82	128	N/A
9/30/2020	563	131	-40	3	N/A
6/30/2020	547	134	-61	-17	N/A
3/31/2020	553	134	-55	-29	N/A
12/31/2019	555	139	-26	10	N/A
9/30/2019	548	140	83	120	N/A
6/30/2019	540	140	161	201	N/A
3/31/2019	532	140	227	264	N/A
12/31/2018	524	134	297	318	N/A
9/30/2018	503	110	139	157	N/A
6/30/2018	481	99	N/A	184	N/A
3/31/2018	466	90	N/A	69	N/A
12/31/2017	444	88	N/A	141	N/A
9/30/2017	435	94	N/A	219	N/A
6/30/2017	428	91	N/A	182	N/A
3/31/2017	392	71	N/A	300	N/A
12/31/2016	369	67	N/A	185	N/A
9/30/2016	339	61	N/A	154	N/A
6/30/2016	308	54	N/A	188	N/A
3/31/2016	302	66	N/A	175	N/A
12/31/2015	295	62	N/A	81	N/A
9/30/2015	284	57	N/A	25	N/A
6/30/2015	270	51	N/A	-52	N/A
3/31/2015	256	45	N/A	-15	N/A
12/31/2014	242	41	N/A	45	N/A
9/30/2014	237	44	N/A	56	N/A
6/30/2014	234	41	N/A	116	N/A
3/31/2014	232	39	N/A	109	N/A
12/31/2013	230	38	N/A	116	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TOWN's forecast earnings growth (22.1% per year) is above the savings rate (2.6%).

Earnings vs Market: TOWN's earnings (22.1% per year) are forecast to grow faster than the US market (15.3% per year).

High Growth Earnings: TOWN's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TOWN's revenue (12% per year) is forecast to grow faster than the US market (8.9% per year).

High Growth Revenue: TOWN's revenue (12% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TOWN's Return on Equity is forecast to be low in 3 years time (9.8%).

TowneBank Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target increased by 12% to US$34.50

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

Price target increased by 8.8% to US$29.80

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

Recent updates

Insider recently sold US$425k worth of stock

TowneBank Reports Net Charge Off for the Third Quarter Ended September 30, 2024

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Now 20% undervalued

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

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.

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.

Upcoming dividend of US$0.25 per share

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

Second quarter dividend of US$0.25 announced

Townebank Announces Quarterly Cash Dividend, Payable on October 11, 2024

Insider recently sold US$305k worth of stock

Price target increased by 12% to US$34.50

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improves as stock rises 15%

New minor risk - Insider selling

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

First quarter dividend of US$0.25 announced

TowneBank Announces Second-Quarter Cash Dividend, Payable on July 12, 2024

Insider recently sold US$235k worth of stock

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

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

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Now 20% undervalued after recent price drop

Townebank Announces Retirement of Jacqueline B. Amato and Bradford L. Cherry as Members of Board of Directors

Upcoming dividend of US$0.25 per share

Now 21% undervalued after recent price drop

Independent Director recently sold US$453k worth of stock

TowneBank, Annual General Meeting, May 22, 2024

TowneBank Appoints Sachin Shetty to the Board of Directors

Full year 2023 earnings: EPS misses analyst expectations

Fourth quarter dividend of US$0.25 announced

TowneBank Declares First-Quarter Cash Dividend, Payable on April 12, 2024

Full year 2023 earnings: EPS misses analyst expectations

Price target increased by 8.8% to US$29.80

Upcoming dividend of US$0.25 per share at 3.3% yield

Insider recently sold US$298k worth of stock

TowneBank Announces Quarterly Cash Dividend, Payable on January 12, 2024

New minor risk - Insider selling

Insider recently sold US$282k worth of stock

TowneBank to Report Q3, 2023 Results on Oct 26, 2023

Upcoming dividend of US$0.25 per share at 4.3% yield

TowneBank Declares Cash Dividend for the Third-Quarter, Payable on October 13, 2023

Second quarter 2023 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.25 per share at 4.1% yield

TowneBank Appoints Ernest Piccioli as Chief Risk Officer

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