• Consensus Rating: Hold
  • Consensus Price Target: $29.50
  • Forecasted Upside: -0.54%
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$29.66
▲ +0.45 (1.54%)

This chart shows the closing price for TOWN by one month, three months, or twelve months.

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Analyst Price Target for TOWN

Analyst Price Target is $29.50
▼ -0.54% Downside Potential
This price target is based on 3 analysts offering 12 month price targets for TowneBank in the last 3 months. The average price target is $29.50, with a high forecast of $32.00 and a low forecast of $27.00. The average price target represents a -0.54% upside from the last price of $29.66.

This chart shows the closing price for TOWN for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 3 contributing investment analysts is to hold stock in TowneBank. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
1/21/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
4/21/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
7/20/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
10/18/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
1/16/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
4/15/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
6/14/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
7/14/2024

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/5/2024Raymond JamesBoost TargetOutperform ➝ Outperform$28.00 ➝ $32.00Low
9/12/2023StephensInitiated CoverageEqual WeightLow
8/11/2023Hovde GroupInitiated CoverageMarket Perform$27.00Low
5/3/202322nd Century GroupReiterated RatingMaintainsLow
5/3/2023Raymond JamesLower Target$34.00 ➝ $28.00Low
5/1/2023Piper SandlerLower Target$31.00 ➝ $28.00Low
4/6/2023Keefe, Bruyette & WoodsLower TargetMarket Perform$32.00 ➝ $28.00N/A
3/3/2023Raymond JamesInitiated CoverageOutperformLow
2/17/2023Piper SandlerInitiated CoverageOverweightLow
2/3/2021Piper SandlerUpgradeNeutral ➝ Overweight$25.00 ➝ $28.00High
10/29/2020Piper SandlerBoost TargetNeutral$19.00 ➝ $20.00Medium
8/3/2020Piper SandlerInitiated CoverageNeutralLow
1/7/2020StephensInitiated CoverageEqual Weight$28.00Low
7/16/2019Piper Sandler CompaniesInitiated CoverageNeutral ➝ Neutral$27.00Low
(Data available from 7/14/2019 forward)

News Sentiment Rating

0.71 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 2 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/17/2023
  • 5 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
1/16/2024
  • 6 very positive mentions
  • 7 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
2/15/2024
  • 3 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/16/2024
  • 5 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/15/2024
  • 7 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
5/15/2024
  • 3 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/14/2024
  • 1 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
7/14/2024

Current Sentiment

  • 1 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

TowneBank logo
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.
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Today's Range

Now: $29.66
Low: $29.08
High: $29.71

50 Day Range

MA: $27.07
Low: $26.08
High: $29.66

52 Week Range

Now: $29.66
Low: $21.63
High: $31.08

Volume

520,383 shs

Average Volume

255,452 shs

Market Capitalization

$2.22 billion

P/E Ratio

14.76

Dividend Yield

3.37%

Beta

0.9

Frequently Asked Questions

What sell-side analysts currently cover shares of TowneBank?

The following equities research analysts have issued research reports on TowneBank in the last year: Hovde Group, Raymond James, Stephens, and StockNews.com.
View the latest analyst ratings for TOWN.

What is the current price target for TowneBank?

2 Wall Street analysts have set twelve-month price targets for TowneBank in the last year. Their average twelve-month price target is $29.50, suggesting a possible downside of 0.5%. Raymond James has the highest price target set, predicting TOWN will reach $32.00 in the next twelve months. Hovde Group has the lowest price target set, forecasting a price of $27.00 for TowneBank in the next year.
View the latest price targets for TOWN.

What is the current consensus analyst rating for TowneBank?

TowneBank currently has 2 hold ratings and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in TOWN, but not buy more shares or sell existing shares.
View the latest ratings for TOWN.

How do I contact TowneBank's investor relations team?

TowneBank's physical mailing address is 5716 High Street West, Portsmouth VA, 23703. The bank's listed phone number is (757) 638-7500 and its investor relations email address is [email protected]. The official website for TowneBank is www.townebank.com. Learn More about contacing TowneBank investor relations.