Towne Bank
TOWN
Market cap $2.49B

32.99 USD

+0.21

0.64%

Updated Jun 20, 10:11 AM EDT

1 day

0.64%

5 days

-2.02%

1 month

-6.46%

3 months

-5.04%

6 months

-3.88%

Year to date

-0.69%

1 year

25.01%

5 years

77.37%

10 years

94.75%

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: the 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 the Insurance Segment provides a wide array of insurance products, including property, casualty, life, and health insurance.

Employees: 1,485

Financials Banks - Regional

0

Funds holding %

of 7,302 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

4,786% more call options, than puts

Call options by funds: $342K | Put options by funds: $7K

113% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 16

6% more funds holding

Funds holding: 217 [Q4 2024] → 231 (+14) [Q1 2025]

0% less capital invested

Capital invested by funds: $1.48B [Q4 2024] → $1.48B (-$79.4K) [Q1 2025]

0.23% less ownership

Funds ownership: 59.63% [Q4 2024] → 59.4% (-0.23%) [Q1 2025]

9% less repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 77

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Research analyst outlook

We haven’t received any recent analyst ratings for TOWN.

See Analyst Rankings

Financial journalist opinion

6 Upcoming Dividend Increases

I focus on companies with consistent dividend growth, using a blend of the U.S. Dividend Champions list and NASDAQ data for my selections. This week's highlighted group averages a 5.9% dividend increase and a 19.5-year streak, but none outperformed the SCHD ETF over the past decade. While SCHD remains my benchmark for dividend growth and total return, I look for individual stocks that can deliver significant alpha over it.

6 Upcoming Dividend Increases

Caterpillar To Lead Dividend Increases In June As Lowe's Boosted Payout At End Of May

Dividend growth remains robust for select companies, with Casey's, Oil-Dri, and Matson poised for double-digit increases based on strong earnings and expansion. Caterpillar and Kroger are expected to deliver mid-to-high single-digit dividend hikes, reflecting solid but moderating earnings and macroeconomic headwinds. Target and John Wiley will likely announce minimal dividend increases, as flat sales and earnings pressure payout growth, but their long streaks of increases remain intact.

Caterpillar To Lead Dividend Increases In June As Lowe's Boosted Payout At End Of May

TowneBank Announces Quarterly Cash Dividend

SUFFOLK, Va., May 14, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its second-quarter shareholder cash dividend of $0.27 per common share payable on July 11, 2025, to shareholders of record on June 27, 2025.

TowneBank Announces Quarterly Cash Dividend

Zacks Investment Research

TowneBank (TOWN) Q1 Earnings and Revenues Top Estimates

TowneBank (TOWN) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.48 per share a year ago.

TowneBank (TOWN) Q1 Earnings and Revenues Top Estimates

Zacks Investment Research

TowneBank (TOWN) Earnings Expected to Grow: What to Know Ahead of Q1 Release

TowneBank (TOWN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

TowneBank (TOWN) Earnings Expected to Grow: What to Know Ahead of Q1 Release

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

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

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

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

Zacks Investment Research

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

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