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- Market Cap.:
- $1.72 billion
- Book Value:
- Revenue TTM:
- $693.84 million
- Operating Margin TTM:
- Gross Profit TTM:
- $677.14 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Towne Bank had its IPO on 1999-05-07 under the ticker symbol TOWN.
The company operates in the Financial Services sector and Banks-Regional industry. Towne Bank has a staff strength of 2,903 employees.
Shares of Towne Bank opened at $22.97 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $22.96 - $23.64, and closed at $23.43.
This is a +2.14% increase from the previous day's closing price.
A total volume of 182,747 shares were traded at the close of the day’s session.
In the last one week, shares of Towne Bank have slipped by -3.38%.
Towne Bank's Key Ratios
Towne Bank has a market cap of $1.72 billion, indicating a price to book ratio of 1.27 and a price to sales ratio of 3.2899.
In the last 12-months Towne Bank’s revenue was $693.84 million with a gross profit of $677.14 million and an EBITDA of $0. The EBITDA ratio measures Towne Bank's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Towne Bank’s operating margin was 35.05% while its return on assets stood at 1.05% with a return of equity of 9.27%.
In Q2, Towne Bank’s quarterly earnings growth was a negative -12.7% while revenue growth was a positive 6.6%.
Towne Bank’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $2.4 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Towne Bank’s profitability.
Towne Bank stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 3.2899.
Towne Bank stock pays annual dividends of $0.94 per share, indicating a yield of 4.36% and a payout ratio of 39.83%.
Balance sheet and cash flow metrics
- Total Assets
- $17.23 billion
- Total Liabilities
- $74.69 million
- Operating Cash Flow
- $2.58 million
- Capital Expenditure
- $10.31 million
- Dividend Payout Ratio
Towne Bank ended 2023 with $17.23 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $17.23 billion while shareholder equity stood at $1.97 billion.
Towne Bank ended 2023 with $0 in deferred long-term liabilities, $74.69 million in other current liabilities, 124805000.00 in common stock, $884.90 million in retained earnings and $456.70 million in goodwill. Its cash balance stood at $1.53 billion and cash and short-term investments were $3.54 billion. The company’s total short-term debt was $0 while long-term debt stood at $1.01 billion.
Towne Bank’s total current assets stands at $3.54 billion while long-term investments were $2.57 billion and short-term investments were $2.01 billion. Its net receivables were $62.54 million compared to accounts payable of $53.05 million and inventory worth $0.
In 2023, Towne Bank's operating cash flow was $2.58 million while its capital expenditure stood at $10.31 million.
Comparatively, Towne Bank paid $0.40 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Towne Bank stock is currently trading at $23.43 per share. It touched a 52-week high of $32.5466 and a 52-week low of $32.5466. Analysts tracking the stock have a 12-month average target price of $27.5.
Its 50-day moving average was $24.33 and 200-day moving average was $26.43 The short ratio stood at 2.92 indicating a short percent outstanding of 0%.
Around 789.2% of the company’s stock are held by insiders while 5422.5% are held by institutions.
Frequently Asked Questions About Towne Bank
Similar Industry Stocks (Banks-Regional)
TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals. The company operates through three segments: Banking, Realty, and Insurance. It accepts various deposits, 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 comprising alternative investments, annuities, margin accounts, convertible bonds, and pension and profit-sharing plans. Additionally, it provides residential real estate, relocation, property management, vacation rentals, and title and settlement services; and originates residential mortgage loans. The company also offers life, property, casualty, and vehicle insurance services; and employee benefit programs, such as health, dental, vision, and disability insurance. It operates in Richmond, Virginia, the Greater Hampton Roads region in southeastern Virginia, northeastern North Carolina, Raleigh, Charlotte, Greensboro, and Greenville, North Carolina. TowneBank was incorporated in 1998 and is based in Portsmouth, Virginia.