U.S. Markets closed

TowneBank (TOWN)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
Add to watchlist
24.84-0.58 (-2.28%)
At close: 4:00PM EST

24.84 0.00 (0.00%)
After hours: 4:00PM EST

Full screen
Trade prices are not sourced from all markets
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Neutralpattern detected
Previous Close25.42
Open25.42
Bid20.82 x 800
Ask24.89 x 800
Day's Range24.73 - 25.59
52 Week Range15.03 - 28.20
Volume116,412
Avg. Volume189,364
Market Cap1.805B
Beta (5Y Monthly)1.19
PE Ratio (TTM)13.80
EPS (TTM)1.80
Earnings DateJan 21, 2021 - Jan 25, 2021
Forward Dividend & Yield0.72 (2.83%)
Ex-Dividend DateDec 29, 2020
1y Target Est24.67
  • Benzinga

    Analyzing Towne Bank's Ex-Dividend Date

    On December 2, 2020, Towne Bank (NASDAQ:TOWN) declared a dividend payable on January 11, 2021 to its shareholders. Towne Bank also announced that shareholders on the company's books on or before December 30, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Towne Bank will be on December 29, 2020. The company's current dividend payout is at $0.18. That equates to a dividend yield of 3.24% at current price levels.What Is An Ex-Dividend Date? Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.Understanding Towne Bank's Dividend Performance Over the past year, Towne Bank has seen its dividend payouts remain the same and its yields climb upward overall. Last year on December 27, 2019 the company's payout sat at $0.18, which has returned to its value today. Towne Bank's dividend yield last year was 2.57%, which has since grown by 0.67%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.To read more about Towne Bank click here.See more from Benzinga * Click here for options trades from Benzinga * Understanding Independence Realty Trust's Ex-Dividend Date * Stocks That Hit 52-Week Highs On Monday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Where Do Hedge Funds Stand On TowneBank (TOWN)?
    Insider Monkey

    Where Do Hedge Funds Stand On TowneBank (TOWN)?

    Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]

  • TowneBank Announces Quarterly Cash Dividend
    GlobeNewswire

    TowneBank Announces Quarterly Cash Dividend

    SUFFOLK, Va., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors on December 2, 2020 declared its fourth-quarter shareholder cash dividend of $0.18 per common share payable on January 11, 2021 to shareholders of record on December 30, 2020. The amount and declaration of future cash dividends are subject to Board of Directors’ approval in addition to regulatory restrictions.About TowneBank:As one of the top community banks in Virginia and North Carolina, TowneBank operates 42 banking offices serving Chesapeake, Chesterfield County, Glen Allen, Hampton, James City County, Mechanicsville, Newport News, Norfolk, Portsmouth, Richmond, Suffolk, Virginia Beach, Williamsburg, and York County in Virginia, along with Raleigh, Cary, Charlotte, Greensboro, Greenville, Moyock, Grandy, Camden County, Southern Shores, Corolla, Duck and Nags Head in North Carolina. TowneBank also offers a full range of financial services through its controlled divisions and subsidiaries that include Towne Investment Group, Towne Wealth Management, Towne Insurance Agency, Towne Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway HomeServices Towne Realty, Towne 1031 Exchange, LLC, and Towne Vacations. Local decision-making is a hallmark of its hometown banking strategy that is delivered through the leadership of each group’s President and Board of Directors. With total assets of $14.80 billion as of September 30, 2020, TowneBank is one of the largest banks headquartered in Virginia.Media contact: G. Robert Aston, Jr., Executive Chairman, 757-638-6780 J. Morgan Davis, President and Chief Executive Officer, 757-673-1673Investor contact: William B. Littreal, Chief Financial Officer, 757-638-6813