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Towne Bank (TOWN)

Upturn stock ratingUpturn stock rating
$37.49
Last Close (24-hour delay)
Profit since last BUY4.14%
upturn advisory
Consider higher Upturn Star rating
BUY since 30 days
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Upturn Advisory Summary

08/14/2025: TOWN (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

4 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $41

1 Year Target Price $41

Analysts Price Target For last 52 week
$41 Target price
52w Low $29.2
Current$37.49
52w High $37.68

Analysis of Past Performance

Type Stock
Historic Profit -4.55%
Avg. Invested days 31
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.77B USD
Price to earnings Ratio 15.91
1Y Target Price 41
Price to earnings Ratio 15.91
1Y Target Price 41
Volume (30-day avg) 4
Beta 0.86
52 Weeks Range 29.20 - 37.68
Updated Date 08/15/2025
52 Weeks Range 29.20 - 37.68
Updated Date 08/15/2025
Dividends yield (FY) 2.72%
Basic EPS (TTM) 2.31

Earnings Date

Report Date 2025-07-23
When After Market
Estimate 0.65
Actual 0.81

Profitability

Profit Margin 23.41%
Operating Margin (TTM) 36.35%

Management Effectiveness

Return on Assets (TTM) 0.99%
Return on Equity (TTM) 8.07%

Valuation

Trailing PE 15.91
Forward PE -
Enterprise Value 2865719296
Price to Sales(TTM) 3.74
Enterprise Value 2865719296
Price to Sales(TTM) 3.74
Enterprise Value to Revenue 4.06
Enterprise Value to EBITDA -
Shares Outstanding 75424600
Shares Floating 68975020
Shares Outstanding 75424600
Shares Floating 68975020
Percent Insiders 7.02
Percent Institutions 60.58

ai summary icon Upturn AI SWOT

Towne Bank

stock logo

Company Overview

overview logo History and Background

Towne Bank was founded in 1999 in Hampton Roads, Virginia. It has grown through organic expansion and strategic acquisitions, focusing on community banking and relationship-based services.

business area logo Core Business Areas

  • Community Banking: Provides traditional banking services, including deposit accounts, loans, and wealth management, to individuals and businesses.
  • Residential Mortgage: Offers mortgage lending services through its network of branches and mortgage professionals.
  • Commercial Banking: Provides banking services to businesses of all sizes, including commercial lending, treasury management, and merchant services.
  • Insurance: Offers a full range of insurance products and services.

leadership logo Leadership and Structure

G. Robert Aston, Jr. is the Executive Chairman. William I. Foster, III is the CEO. The company has a traditional hierarchical organizational structure with regional presidents and department heads reporting to executive management.

Top Products and Market Share

overview logo Key Offerings

  • Residential Mortgages: Offers a variety of mortgage products, including fixed-rate, adjustable-rate, and government-backed loans. Market share data varies by region; competitive landscape includes large national banks and local mortgage brokers. Competitors include Wells Fargo, Bank of America, and Truist.
  • Commercial Loans: Provides loans to businesses for working capital, equipment financing, and real estate development. Competitors include Truist, PNC, and other regional banks.
  • Deposit Accounts: Offers checking, savings, and money market accounts to individuals and businesses. Competitors include Bank of America, Wells Fargo, and online banks.
  • Wealth Management: Financial planning services, investment management, and trust services. Competitors include Merrill Lynch, Morgan Stanley, and other wealth management firms.

Market Dynamics

industry overview logo Industry Overview

The banking industry is currently facing increased competition, regulatory scrutiny, and technological disruption. Interest rate fluctuations and economic uncertainty also impact profitability.

Positioning

Towne Bank positions itself as a community-focused bank with a strong emphasis on customer service and local relationships. It differentiates itself through personalized banking solutions and community involvement.

Total Addressable Market (TAM)

The TAM for community banking in the Mid-Atlantic region is estimated to be in the billions of dollars. Towne Bank is positioned to capture a significant portion of this market through its local presence and customer-centric approach.

Upturn SWOT Analysis

Strengths

  • Strong local brand recognition
  • Excellent customer service
  • Experienced management team
  • Solid asset quality
  • Strong deposit base

Weaknesses

  • Limited geographic diversification
  • Reliance on traditional banking model
  • Smaller scale compared to national banks
  • Higher operating expenses than some competitors

Opportunities

  • Expansion into new markets within the Mid-Atlantic region
  • Increased adoption of digital banking technologies
  • Growing demand for wealth management services
  • Acquisition opportunities

Threats

  • Rising interest rates
  • Increased competition from online banks and fintech companies
  • Economic downturn
  • Regulatory changes
  • Cybersecurity risks

Competitors and Market Share

competitor logo Key Competitors

  • BBT
  • PNC
  • BOH
  • FFWM

Competitive Landscape

Towne Bank competes with both national and regional banks. Its advantages include strong local relationships and personalized service. Its disadvantages include smaller scale and limited geographic diversification compared to larger competitors.

Major Acquisitions

WindsorMeade Marketplace

  • Year: 2019
  • Acquisition Price (USD millions): 45
  • Strategic Rationale: To diversify revenue streams and expand service offerings in the senior living market.

Growth Trajectory and Initiatives

Historical Growth: Towne Bank has experienced steady growth in assets, loans, and deposits over the past decade, driven by organic expansion and strategic acquisitions.

Future Projections: Analyst estimates suggest continued growth for Towne Bank, driven by expansion into new markets and increased demand for its services. Growth will be dependent on overall economic conditions and interest rate environment.

Recent Initiatives: Recent initiatives include investments in digital banking platforms, expansion of wealth management services, and strategic acquisitions to expand its geographic footprint.

Summary

Towne Bank is a well-established community bank with a strong local presence and customer focus. Its solid asset quality and experienced management team are key strengths. However, its limited geographic diversification and reliance on traditional banking models pose challenges in a rapidly evolving market. Continued investments in digital technology and expansion into new markets are crucial for future growth.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company SEC Filings
  • Analyst Reports
  • Industry Research Reports
  • Company Website

Disclaimers:

The information provided is for informational purposes only and should not be construed as financial advice. Market share data are estimates and may vary. Financial data are subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Towne Bank

Exchange NASDAQ
Headquaters Portsmouth, VA, United States
IPO Launch date 1999-05-07
CEO, President & Director Mr. William I. Foster III
Sector Financial Services
Industry Banks - Regional
Full time employees 2907
Full time employees 2907

TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals in Virginia and North Carolina. 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 property management services, real estate brokerage services, 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. TowneBank was incorporated in 1998 and is based in Portsmouth, Virginia.