TOWN icon

Towne Bank

30.86 USD
-3.04
8.97%
At close Apr 3, 4:00 PM EDT
After hours
30.86
+0.00
0.00%
1 day
-8.97%
5 days
-11.98%
1 month
-16.46%
3 months
-8.32%
6 months
-4.96%
Year to date
-7.10%
1 year
13.83%
5 years
0.62%
10 years
0.62%
 

About: Towne Bank is a financial services company that places special emphasis on serving the financial needs of individuals, commercial enterprises, and professionals, offering retail and commercial banking services to numerous markets in Virginia and North Carolina. The company has three reportable segments: Banking Segment provides loan and deposit services to retail and commercial customers and provides commercial mortgage brokerage services and investment and asset management services, and the Realty Segment provides residential real estate services and mortgage loans. It also provides resort property management and residential and commercial title insurance, and Insurance Segment provides provide a wide array of insurance products, including property, casualty, life, and health insurance.

Employees: 1,531

0
Funds holding %
of 7,398 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

1,680% more call options, than puts

Call options by funds: $534K | Put options by funds: $30K

52% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 21

42% more repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 57

6% more capital invested

Capital invested by funds: $1.4B [Q3] → $1.48B (+$77M) [Q4]

2% more funds holding

Funds holding: 211 [Q3] → 215 (+4) [Q4]

1.4% more ownership

Funds ownership: 58.23% [Q3] → 59.63% (+1.4%) [Q4]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target
$41
33%
upside
Avg. target
$41
33%
upside
High target
$41
33%
upside

1 analyst rating

positive
0%
neutral
100%
negative
0%
Stephens & Co.
Russell Gunther
29% 1-year accuracy
9 / 31 met price target
33%upside
$41
Equal-Weight
Reiterated
23 Jan 2025

Financial journalist opinion

Based on 3 articles about TOWN published over the past 30 days

Neutral
GlobeNewsWire
17 hours ago
TowneBank and Old Point Financial Corporation Announce Agreement to Merge
SUFFOLK, Va. and HAMPTON, Va.
TowneBank and Old Point Financial Corporation Announce Agreement to Merge
Neutral
GlobeNewsWire
2 days ago
TowneBank Announces Completion of Village Bank and Trust Financial Corp. Merger
SUFFOLK, Va., April 01, 2025 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) announced today the completion of its merger with Village Bank and Trust Financial Corp. and its subsidiary, Village Bank.
TowneBank Announces Completion of Village Bank and Trust Financial Corp. Merger
Neutral
GlobeNewsWire
3 weeks ago
TowneBank and Village Bank and Trust Financial Corp. Receive Regulatory Approvals for Merger
SUFFOLK, Va. and MIDLOTHIAN, Va., March 11, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) and Village Bank and Trust Financial Corp. (NASDAQCM: VBFC) (“Village”) today announced that the Federal Deposit Insurance Corporation and the Virginia State Corporation Commission have approved the regulatory applications filed in connection with TowneBank's acquisition of Village and its wholly-owned subsidiary, Village Bank. In addition to the parties receiving all required regulatory approvals, the merger received the approval of Village's shareholders, with more than 86% of the outstanding shares voting for the merger at Village's special meeting of shareholders held on December 19, 2024.
TowneBank and Village Bank and Trust Financial Corp. Receive Regulatory Approvals for Merger
Neutral
GlobeNewsWire
1 month ago
TowneBank Announces Quarterly Cash Dividend
SUFFOLK, Va., Feb. 26, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its first-quarter shareholder cash dividend of $0.25 per common share payable on April 11, 2025, to shareholders of record on March 31, 2025.
TowneBank Announces Quarterly Cash Dividend
Positive
Zacks Investment Research
1 month ago
Why TowneBank (TOWN) Might be Well Poised for a Surge
TowneBank (TOWN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Why TowneBank (TOWN) Might be Well Poised for a Surge
Positive
Zacks Investment Research
2 months ago
TowneBank (TOWN) Q4 Earnings and Revenues Beat Estimates
TowneBank (TOWN) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.42 per share a year ago.
TowneBank (TOWN) Q4 Earnings and Revenues Beat Estimates
Neutral
GlobeNewsWire
4 months ago
TowneBank Announces Quarterly Cash Dividend
SUFFOLK, Va., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its fourth-quarter shareholder cash dividend of $0.25 per common share payable on January 14, 2025, to shareholders of record on December 31, 2024.
TowneBank Announces Quarterly Cash Dividend
Negative
Benzinga
4 months ago
Top 2 Financials Stocks That May Fall Off A Cliff This Quarter
As of Nov. 22, 2024, two stocks in the financials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Top 2 Financials Stocks That May Fall Off A Cliff This Quarter
Positive
Zacks Investment Research
5 months ago
TowneBank (TOWN) Matches Q3 Earnings Estimates
TowneBank (TOWN) came out with quarterly earnings of $0.58 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.60 per share a year ago.
TowneBank (TOWN) Matches Q3 Earnings Estimates
Positive
Zacks Investment Research
6 months ago
TowneBank to Acquire Village Bank, Boost Richmond MSA Presence
TOWN is set to acquire VBFC for $120 million in an all-cash deal to expand its presence in Richmond MSA. It is set to be roughly 6% accretive to 2025 earnings.
TowneBank to Acquire Village Bank, Boost Richmond MSA Presence
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