Towne Bank Stock Today
TOWN Stock | USD 28.06 0.29 1.04% |
Performance0 of 100
| Odds Of DistressLess than 8
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Towne Bank is selling at 28.06 as of the 29th of March 2024; that is 1.04 percent up since the beginning of the trading day. The stock's open price was 27.77. Towne Bank has only a 8 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Towne Bank are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain Banks | IPO Date 7th of May 1999 | Category Financial Services | Classification Financials |
TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals. TowneBank was incorporated in 1998 and is headquartered in Portsmouth, Virginia. Towne Bank operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. The company has 74.9 M outstanding shares of which 717.01 K shares are at this time shorted by private and institutional investors with about 3.08 trading days to cover. More on Towne Bank
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Follow Valuation Options Odds of Bankruptcy
Fiscal Quarter End 31st of March 2024
Towne Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Towne Bank's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Towne Bank or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO | William Sessoms | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thematic Idea | Banks - Regional (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Old Name | Hometown A/S | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Concentration | Regional Banks, Banks - Regional, Financial Services, NASDAQ Composite, NASDAQ Financial 100, NASDAQ Composite Total, Financials, Banks, Banks—Regional, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average Analyst Recommendation Analysts covering Towne Bank report their recommendations after researching Towne Bank's financial statements, talking to executives and customers, or listening in on Towne Bank's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Towne Bank. The Towne consensus assessment is calculated by taking the average forecast from all of the analysts covering Towne Bank. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength Based on the analysis of Towne Bank's profitability, liquidity, and operating efficiency, Towne Bank is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. Financial strength of Towne Bank is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Towne Bank's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Towne Bank's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Towne Bank's financial leverage. It provides some insight into what part of Towne Bank's total assets is financed by creditors.
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Towne Bank (TOWN) is traded on NASDAQ Exchange in USA. It is located in 5716 High Street, Portsmouth, VA, United States, 23703 and employs 2,784 people. Towne Bank is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.08 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Towne Bank's market, we take the total number of its shares issued and multiply it by Towne Bank's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Towne Bank conducts business under Banks sector and is part of Financials industry. The entity has 74.9 M outstanding shares of which 717.01 K shares are at this time shorted by private and institutional investors with about 3.08 trading days to cover.
Towne Bank currently holds about 109.98 M in cash with 161.3 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.53.
Check Towne Bank Probability Of Bankruptcy
Ownership AllocationTowne Bank maintains a total of 74.9 Million outstanding shares. Over half of Towne Bank's outstanding shares are owned by institutional holders. These institutional holders are typically referred to as corporate investors that take positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Towne Bank. Please watch out for any change in the institutional holdings of Towne Bank as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Towne Ownership Details
Towne Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Towne Bank jumping above the current price in 90 days from now is about 38.07%. The Towne Bank probability density function shows the probability of Towne Bank stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.8557. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Towne Bank will likely underperform. Additionally, towne Bank has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
Based on a normal probability distribution, the odds of Towne Bank to move above the current price in 90 days from now is about 38.07 (This Towne Bank probability density function shows the probability of Towne Stock to fall within a particular range of prices over 90 days) .
Towne Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Towne Bank that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Towne Bank's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Towne Bank's value.Instituion | Recorded On | Shares | |
Renaissance Technologies Corp | 2023-12-31 | 628.5 K | |
Bank Of New York Mellon Corp | 2023-12-31 | 506.6 K | |
Chartwell Investment Partners, Llc | 2023-12-31 | 442.2 K | |
Nuveen Asset Management, Llc | 2023-12-31 | 442 K | |
Ameriprise Financial Inc | 2023-12-31 | 436.7 K | |
Norges Bank | 2023-12-31 | 364.6 K | |
Jpmorgan Chase & Co | 2023-12-31 | 356.8 K | |
Lsv Asset Management | 2023-12-31 | 353.3 K | |
Bank Of America Corp | 2023-12-31 | 349.9 K | |
Vanguard Group Inc | 2023-12-31 | 7.4 M | |
Blackrock Inc | 2023-12-31 | 5.9 M |
Towne Bank Historical Income Statement
Towne Bank Income Statement is one of the three primary financial statements used for reporting Towne's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Towne Bank revenue and expense. Towne Bank Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Towne Bank's Net Income is very stable compared to the past year. As of the 29th of March 2024, Selling General Administrative is likely to grow to about 304.3 M, though Operating Income is likely to grow to (1.3 M). View More FundamentalsTowne Stock Against Markets
Picking the right benchmark for Towne Bank stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Towne Bank stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Towne Bank is critical whether you are bullish or bearish towards Towne Bank at a given time. Please also check how Towne Bank's historical prices are related to one of the top price index indicators.
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Towne Bank Corporate Directors
Towne Bank corporate directors refer to members of a Towne Bank board of directors. The board of directors generally takes responsibility for the Towne Bank's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Towne Bank's board members must vote for the resolution. The Towne Bank board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Bradford Cherry | Director | Profile | |
Jeremy Collins | Non-Executive Director | Profile | |
Douglas Ellis | Director | Profile | |
Richard Bray | Director | Profile |
How to buy Towne Stock?
Before investing in Towne Bank, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Towne Bank. To buy Towne Bank stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Towne Bank. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Towne Bank stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Towne Bank stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Towne Bank stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Towne Bank, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Towne Stock please use our How to Invest in Towne Bank guide.
Already Invested in Towne Bank?
The danger of trading Towne Bank is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Towne Bank is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Towne Bank. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Towne Bank is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Towne Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Towne Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Towne Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Towne Bank Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Towne Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. To learn how to invest in Towne Stock, please use our How to Invest in Towne Bank guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Towne Stock analysis
When running Towne Bank's price analysis, check to measure Towne Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Towne Bank is operating at the current time. Most of Towne Bank's value examination focuses on studying past and present price action to predict the probability of Towne Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Towne Bank's price. Additionally, you may evaluate how the addition of Towne Bank to your portfolios can decrease your overall portfolio volatility.
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Is Towne Bank's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Towne Bank. If investors know Towne will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Towne Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.40) | Dividend Share 0.98 | Earnings Share 2.06 | Revenue Per Share 9.049 | Quarterly Revenue Growth (0.09) |
The market value of Towne Bank is measured differently than its book value, which is the value of Towne that is recorded on the company's balance sheet. Investors also form their own opinion of Towne Bank's value that differs from its market value or its book value, called intrinsic value, which is Towne Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Towne Bank's market value can be influenced by many factors that don't directly affect Towne Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Towne Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Towne Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Towne Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.