TowneBank

TOWN

US89214P1093

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.

Sector

Banks

Calendar

2024-04-24 - Q1 2024 Earnings Release (Projected)

Related indices

Russell 2000

More about the company

Income Statement Evolution

More financial data

Ratings for TowneBank

Trading Rating

Investor Rating

ESG Refinitiv

D+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

27.38 USD

Average target price

31.2 USD

Spread / Average Target

+13.95%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Other Banks

Real-time Estimate Cboe BZX Other stock markets 03:00:34 2024-04-23 pm EDT			5-day change	1st Jan Change
27.82 ^USD	+1.63%		+7.99%	-6.17%

Mar. 27	Townebank Announces Retirement of Jacqueline B. Amato and Bradford L. Cherry as Members of Board of Directors	CI
Mar. 05	TowneBank Appoints Sachin Shetty to the Board of Directors	CI

Townebank Announces Retirement of Jacqueline B. Amato and Bradford L. Cherry as Members of Board of Directors	Mar. 27	CI
TowneBank Appoints Sachin Shetty to the Board of Directors	Mar. 05	CI
TowneBank's Q4 Earnings, Revenue Fall	Jan. 25	MT
Earnings Flash (TOWN) TOWNEBANK Posts Q4 EPS $0.42	Jan. 24	MT
TowneBank Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 24	CI
TowneBank Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Jan. 24	CI
Earnings Flash (TOWN) TOWNEBANK Posts Q3 EPS $0.60	23-10-26	MT
TowneBank Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-26	CI
Stephens Initiates Towne Bank With Equalweight Rating, Price Target is $23	23-09-13	MT
Hovde Initiates Towne Bank at Market Perform Rating With $27 Price Target	23-08-11	MT
Earnings Flash (TOWN) TOWNEBANK Posts Q2 EPS $0.52	23-07-27	MT
TowneBank Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-27	CI
TowneBank Appoints Ernest Piccioli as Chief Risk Officer	23-06-12	CI
Keefe, Bruyette & Woods Adjusts Price Target on Towne Bank to $25 From $28, Maintains Market Perform Rating	23-05-08	MT
Raymond James Adjusts Price Target on Towne Bank to $28 From $34, Maintains Outperform Rating	23-05-03	MT
Piper Sandler Adjusts Towne Bank's Price Target to $28 From $31, Keeps Overweight Rating	23-05-01	MT
Earnings Flash (TOWN) TOWNEBANK Reports Q1 Revenue $27.7M	23-04-27	MT
Earnings Flash (TOWN) TOWNEBANK Posts Q1 EPS $0.62	23-04-27	MT
TowneBank Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-26	CI
Keefe, Bruyette & Woods Adjusts Price Target on Towne Bank to $28 From $32, Maintains Market Perform Rating	23-04-06	MT
TowneBank Appoints Aubrey L. Layne, Jr. and J. Christopher Perry to Its Corporate Board	23-03-14	CI
TowneBank Q4 Adjusted Earnings, Revenue Rise	23-01-26	MT
Earnings Flash (TOWN) TOWNEBANK Reports Q4 Revenue $175.3M	23-01-26	MT
Earnings Flash (TOWN) TOWNEBANK Reports Adjusted Q4 EPS $0.65	23-01-26	MT
TowneBank Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022	23-01-26	CI