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TowneBank is a banks—regional business based in the US. TowneBank shares (TOWN) are listed on the NASDAQ and all prices are listed in US Dollars. TowneBank employs 2,460 staff and has a trailing 12-month revenue of around USD$546.8 million.
Since the stock market crash in March caused by coronavirus, TowneBank's share price has had significant negative movement.
Its last market close was USD$18.05, which is 34.34% down on its pre-crash value of USD$27.49 and 20.09% up on the lowest point reached during the March crash when the shares fell as low as USD$15.03.
If you had bought USD$1,000 worth of TowneBank shares at the start of February 2020, those shares would have been worth USD$582.24 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$671.10.
|Latest market close||USD$18.05|
|52-week range||USD$15.36 - USD$29.02|
|50-day moving average||USD$17.3226|
|200-day moving average||USD$18.1413|
|Wall St. target price||USD$20.33|
|Dividend yield||USD$0.72 (3.98%)|
|Earnings per share (TTM)||USD$1.84|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-10-23)||-4.29%|
|1 month (2020-10-01)||9.13%|
|3 months (2020-07-31)||2.32%|
|6 months (2020-05-01)||-6.23%|
|1 year (2019-10-31)||-35.74%|
|2 years (2018-10-31)||-35.83%|
|3 years (2017-10-31)||-46.12%|
|5 years (2015-10-30)||-15.89%|
Valuing TowneBank stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of TowneBank's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
TowneBank's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 10x. In other words, TowneBank shares trade at around 10x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
|Revenue TTM||USD$546.8 million|
|Operating margin TTM||33.16%|
|Gross profit TTM||USD$554.6 million|
|Return on assets TTM||1.02%|
|Return on equity TTM||8.42%|
|Market capitalisation||USD$1.3 billion|
TTM: trailing 12 months
There are currently 616,669 TowneBank shares held short by investors – that's known as TowneBank's "short interest". This figure is 20.3% down from 773,498 last month.
There are a few different ways that this level of interest in shorting TowneBank shares can be evaluated.
TowneBank's "short interest ratio" (SIR) is the quantity of TowneBank shares currently shorted divided by the average quantity of TowneBank shares traded daily (recently around 252733.19672131). TowneBank's SIR currently stands at 2.44. In other words for every 100,000 TowneBank shares traded daily on the market, roughly 2440 shares are currently held short.
However TowneBank's short interest can also be evaluated against the total number of TowneBank shares, or, against the total number of tradable TowneBank shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case TowneBank's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 TowneBank shares in existence, roughly 10 shares are currently held short) or 0% of the tradable shares (for every 100,000 tradable TowneBank shares, roughly 0 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against TowneBank.
Find out more about how you can short TowneBank stock.
Dividend payout ratio: 38.92% of net profits
Recently TowneBank has paid out, on average, around 38.92% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.98% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), TowneBank shareholders could enjoy a 3.98% return on their shares, in the form of dividend payments. In TowneBank's case, that would currently equate to about $0.72 per share.
While TowneBank's payout ratio might seem fairly standard, it's worth remembering that TowneBank may be investing much of the rest of its net profits in future growth.
TowneBank's most recent dividend payout was on 9 October 2020. The latest dividend was paid out to all shareholders who bought their shares by 29 September 2020 (the "ex-dividend date").
TowneBank's shares were split on a 103:100 basis on 23 May 2012. So if you had owned 100 shares the day before before the split, the next day you'd have owned 103 shares. This wouldn't directly have changed the overall worth of your TowneBank shares – just the quantity. However, indirectly, the new 2.9% lower share price could have impacted the market appetite for TowneBank shares which in turn could have impacted TowneBank's share price.
Over the last 12 months, TowneBank's shares have ranged in value from as little as $15.36 up to $29.02. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while TowneBank's is 1.1969. This would suggest that TowneBank's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
TowneBank provides retail and commercial banking services for individuals, professionals, and commercial enterprises. The company operates in three segments: Banking, Realty, and Insurance. It accepts various deposits products, including demand deposits, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts. The company also offers secured and unsecured personal loans for financing automobiles, home improvements, education, and personal investments; commercial loans for working capital, business expansion, and equipment and machinery purchases; and mortgage loans, as well as real estate acquisition, development, and construction loans. In addition, it provides other services, such as safe deposit boxes, treasury management services, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as online, mobile, and on-call banking services. Further, the company offers documentation services to accomplish tax deferral to investors; investment and asset management services; commercial mortgage brokerage services; and other financial services, such as financial, retirement, and estate planning services, as well as assistance on various investment options, such as alternative investments, annuities, margin accounts, convertible bonds, and pension and profit sharing plans. Additionally, it provides residential real estate, relocation, property management, vacations rental, and title and settlement services; and originates residential mortgage loans. The company offers life, property, casualty, travel, and vehicle insurance services; medical, and baggage protection insurance for travelers; and employee benefit programs, such as health, dental, vision, and disability insurance. It operates 42 banking offices in Virginia and North Carolina. TowneBank was founded in 1998 and is headquartered in Portsmouth, Virginia.
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