Equities

TowneBank

TowneBank

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  • Price (USD)30.64
  • Today's Change0.17 / 0.56%
  • Shares traded227.05k
  • 1 Year change-2.51%
  • Beta1.0037
Data delayed at least 15 minutes, as of Feb 01 2023 21:00 GMT.
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About the company

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.

  • Revenue in USD (TTM)517.94m
  • Net income in USD188.99m
  • Incorporated1998
  • Employees2.62k
  • Location
    TowneBank5716 High StreetPORTSMOUTH 23703-4502United StatesUSA
  • Phone+1 (757) 638-7500
  • Websitehttps://townebank.com/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
TOWN:NSQ since
announced
Transaction
value
Farmers Bankshares IncDeal completed18 Aug 202218 Aug 2022Deal completed-1.13%58.67m
Data delayed at least 15 minutes, as of Feb 01 2023 21:00 GMT.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Enterprise Financial Services Corp515.08m199.00m2.00bn1.03k10.091.3813.463.745.315.3114.2240.86--------1.531.30--------38.0932.85------18.9634.4120.5249.5626.98--15.39
Renasant Corp541.81m166.07m2.03bn2.41k12.260.948313.213.212.952.9511.2238.18--------0.98271.04--------26.3424.02------32.9815.607.65-5.599.26---0.6682
Park National Corporation378.25m148.35m2.04bn1.69k13.811.9016.064.219.079.0729.5165.74--------1.531.47--------30.7129.80------50.849.375.72-3.6311.67--2.04
Heartland Financial USA Inc674.66m204.13m2.11bn2.21k10.371.3012.852.904.794.7917.0540.86--------1.071.09--------29.2126.96--------14.5913.16-3.6518.98--13.26
Hilltop Holdings Inc.591.12m113.13m2.13bn4.90k20.351.0418.901.651.621.6218.2831.62--------0.68251.61--------9.2415.85------13.7811.543.11-69.791.67--19.53
WesBanco Inc513.66m181.99m2.21bn2.39k12.350.9696--3.743.033.039.8340.99--------1.131.15--------32.4731.17------49.335.929.09-21.6011.16--10.76
Banner Corp572.57m195.38m2.23bn1.89k11.491.5314.133.545.675.6718.2342.59--------1.201.14--------31.0927.58--------10.006.79-2.8213.58----
TowneBank517.94m188.99m2.29bn2.62k11.781.1913.813.332.602.609.4525.73--------1.181.31--------27.7327.72------31.9616.8011.16-12.2614.09--9.75
Seacoast Banking Corporation of Florida380.49m106.51m2.32bn989.0019.421.4425.465.371.671.676.7322.45--------0.97591.16--------24.6428.52--------33.8614.71-14.3915.66----
Washington Federal Inc.749.34m250.93m2.35bn2.13k9.361.1610.153.333.843.8410.7835.55--------1.281.13--------37.6735.25------32.0512.633.9527.725.02-5.2810.00
First Financial Bancorp585.00m217.61m2.42bn2.01k11.111.1914.053.422.302.307.5021.51--------1.311.29--------30.6930.17------45.2021.0611.926.0719.69--6.23
First Merchants Corp605.01m220.68m2.51bn1.82k11.161.2515.784.003.813.8110.8534.39--------1.331.37--------35.3635.96------32.0135.4613.957.3716.88--12.62
Columbia Banking System Inc-100.00bn-100.00bn2.52bn2.26k--1.14----------28.14----------1.20----------31.38------43.1020.6011.5223.5515.16--6.40
First Bancorp862.61m305.07m2.54bn3.08k8.761.929.962.771.591.594.787.25--------1.551.32--------33.2228.22------21.738.547.9510.0036.54----
Independent Bank Group Inc-100.00bn-100.00bn2.56bn1.54k--1.07----------57.91--------------------------------------------
Data as of Feb 01 2023. Currency figures normalised to TowneBank's reporting currency: US Dollar USD

Institutional shareholders

35.87%Per cent of shares held by top holders
HolderShares% Held
The Vanguard Group, Inc.as of 30 Sep 20227.24m9.95%
BlackRock Fund Advisorsas of 30 Sep 20224.70m6.46%
T. Rowe Price Investment Management, Inc.as of 30 Sep 20223.68m5.06%
Dimensional Fund Advisors LPas of 30 Sep 20223.23m4.44%
SSgA Funds Management, Inc.as of 30 Sep 20221.62m2.23%
American Century Investment Management, Inc.as of 30 Sep 20221.50m2.07%
Geode Capital Management LLCas of 30 Sep 20221.24m1.70%
Goldman Sachs Asset Management LPas of 30 Sep 20221.14m1.57%
Nuance Investments LLCas of 30 Sep 2022980.34k1.35%
Renaissance Technologies LLCas of 30 Sep 2022745.48k1.03%
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Data from 30 Sep 2022 - 30 Sep 2022Source: FactSet Research Systems Inc.
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