Stock TOWN TOWNEBANK
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Company TowneBank

Equities

TOWN

US89214P1093

Banks

Market Closed - Nasdaq
Other stock markets
 04:00:00 2024-04-26 pm EDT 		5-day change 1st Jan Change
26.92 USD -0.85% Intraday chart for TowneBank -0.30% -9.54%
Apr. 24 Earnings Flash (TOWN) TOWNEBANK Posts Q1 EPS $0.48 MT
Apr. 24 TowneBank Reports Earnings Results for the First Quarter Ended March 31, 2024 CI

Business Summary

TowneBank is engaged in offering retail and commercial banking services to various markets in Virginia and North Carolina. The Company operates through three segments: Banking, Realty and Insurance. The Banking segment provides loan and deposit services to retail and commercial customers. It also provides commercial mortgage brokerage services and a variety of investment and asset management services. The Realty segment offers residential real estate services, mortgage loans, resort property management, and residential and commercial title insurance. The Insurance segment provides a full line of commercial and consumer insurance products and financial services, as well as employee benefit services. It operates over 45 banking offices (eight of which operate as Farmers Bank, a division of TowneBank) throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina. Its subsidiaries include Towne Investments, LLC, TowneBank Heritage Forest, LLC and others.

Number of employees: 2,784

Sales per Business

USD in Million2022Weight2023Weight Delta
Banking
73.0 %
495 72.1 % 500 73.0 % +0.82%
Realty
13.8 %
117 17.0 % 95 13.8 % -19.02%
Insurance
13.2 %
74 10.8 % 90 13.2 % +21.58%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
687 100.0 % 694 100.0 % +1.05%

Managers

Managers TitleAgeSince
R. Morgan FOU
 Founder 78 98-09-02
William Foster CEO
 Chief Executive Officer 67 05-01-31
G. Aston CHM
 Chairman 78 99-03-31
William Littreal DFI
 Director of Finance/CFO 53 08-03-31
Denys Diaz CTO
 Chief Tech/Sci/R&D Officer 57 15-12-31
R. Clark COO
 Chief Operating Officer 56 05-12-31
Richard Bray BRD
 Director/Board Member 77 05-12-31
Jacqueline Amato BRD
 Director/Board Member 73 10-09-30
Thomas Norment BRD
 Director/Board Member 77 08-12-31
Douglas Ellis BRD
 Director/Board Member 78 09-12-31

Members of the board

Members of the board TitleAgeSince
William Morrison BRD
 Director/Board Member 61 16-06-26
R. Morgan FOU
 Founder 78 98-09-02
John Lawson BRD
 Director/Board Member 71 03-12-31
G. Aston CHM
 Chairman 78 99-03-31
Andrew Fine BRD
 Director/Board Member 86 98-12-31
Jacqueline Amato BRD
 Director/Board Member 73 10-09-30
Bradford Cherry BRD
 Director/Board Member 82 98-12-31
William Lewis BRD
 Director/Board Member 77 98-12-31
Douglas Ellis BRD
 Director/Board Member 78 09-12-31
Howard Jung BRD
 Director/Board Member 77 17-12-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 74,990,437 73,648,537 ( 98.21 %) 0 98.21 %

Shareholders

NameEquities%Valuation
Vanguard Fiduciary Trust Co.
10.20 %
7,416,407 10.20 % 208 M $
BlackRock Advisors LLC
7.630 %
5,548,798 7.630 % 156 M $
Dimensional Fund Advisors LP
5.551 %
4,036,878 5.551 % 113 M $
T. Rowe Price Investment Management, Inc.
5.311 %
3,862,042 5.311 % 108 M $
Nuance Investments LLC
3.315 %
2,410,827 3.315 % 68 M $
John Lawson
2.781 %
2,022,516 2.781 % 57 M $
STATE STREET CORPORATION
2.616 %
1,902,688 2.616 % 53 M $
Geode Capital Management LLC
2.138 %
1,554,615 2.138 % 44 M $
Charles Schwab Investment Management, Inc.
1.078 %
784,137 1.078 % 22 M $
American Century Cos., Inc.
0.9432 %
685,947 0.9432 % 19 M $

Company contact information

TowneBank

5716 High Street

23703-4502, Portsmouth

+757 638 7500

http://www.townebank.com
address TowneBank(TOWN)

Group companies

NameCategory and Sector
Coastal Home Mortgage Co. LLC
Logo Coastal Home Mortgage Co. LLC

Coastal Home Mortgage Co. LLC

Finance/Rental/LeasingFinance

Coastal Home Mortgage Co. LLC provides mortgages services. The firm lending needs of real estate professionals, builders and individual homebuyers. The company is headquartered in Virginia Beach, VA.

Finance/Rental/Leasing
Newtowne Mortgage LLC
Advance Financial Group LLC
Logo Advance Financial Group LLC

Advance Financial Group LLC

Financial ConglomeratesFinance

Part of TowneBank, Advance Financial Group LLC is a private company that provides investment services. The company is based in Virginia Beach, VA.

Financial Conglomerates
HomeSale Mortgage LLC
Logo HomeSale Mortgage LLC

HomeSale Mortgage LLC

Finance/Rental/LeasingFinance

Part of TowneBank, HomeSale Mortgage LLC is a mortgage lender that offers a variety of loan programs and specializes in construction and renovation loans. HomeSale Mortgage is based in Lancaster, PA. The private company is dedicated to providing a personal experience with advanced technology and has a team of local mortgage loan officers ready to assist customers.

Finance/Rental/Leasing
Towne First Mortgage LLC
Logo Towne First Mortgage LLC

Towne First Mortgage LLC

Finance/Rental/LeasingFinance

Part of TowneBank, Towne First Mortgage LLC is a mortgage company that is dedicated to providing a personal experience to its clients while utilizing advanced technology. The private company is based in Glen Allen, VA. The company offers a variety of loan programs to best fit the needs of its clients.

Finance/Rental/Leasing
Towne Mortgage of the Carolinas LLC
Logo Towne Mortgage of the Carolinas LLC

Towne Mortgage of the Carolinas LLC

Finance/Rental/LeasingFinance

Part of TowneBank, Towne Mortgage of the Carolinas LLC is a mortgage lender that offers a personal experience with advanced technology. The private company is based in Raleigh, NC. The company's team of local mortgage loan officers is dedicated to helping customers find the best loan program to fit their needs.

Finance/Rental/Leasing
Towne Mortgage LLC
Logo Towne Mortgage LLC

Towne Mortgage LLC

Finance/Rental/LeasingFinance

Part of TowneBank, Towne Mortgage LLC is a private company that provides mortgage lending services. The company is based in Virginia Beach, VA.

Finance/Rental/Leasing
Coastal Towne Mortgage LLC
Logo Coastal Towne Mortgage LLC

Coastal Towne Mortgage LLC

Finance/Rental/LeasingFinance

Part of TowneBank, Coastal Towne Mortgage LLC is an American company dedicated to providing a personal experience in mortgage lending with advanced technology. The private company is located in the US. The company offers a wide array of loan programs to meet the needs of their customers.

Finance/Rental/Leasing

Sector

Financials
Banking & Investment Services
Banking Services
Banks
Other Banks

Sales per Business

Ratings for TowneBank

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
26.92 USD
Average target price
31.2 USD
Spread / Average Target
+15.90%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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