TowneBank (TOWN) News Today → Bible Shocker: Have You Seen Elon Musk’s Miracle? (From InvestorPlace) (Ad) Free TOWN Stock Alerts $28.34 +0.39 (+1.40%) (As of 05/17/2024 ET) Add Compare Share Share HeadlinesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesOptions ChainOwnershipShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesOptions ChainOwnershipShort InterestSocial Media All Sources Trusted Sources MarketBeat.com Benzinga Bloomberg MarketWatch Motley Fool NASDAQ PR Newswire Reuters Seeking Alpha The Street The Wall Street Journal Yahoo Finance Source Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Sentiment All Sentiments Very Positive Positive Neutral Negative Very Negative May 19 at 10:37 AM | finance.yahoo.comTowneBank (TOWN)May 16 at 4:11 AM | msn.comVirginia Wesleyan softball hosting NCAA regional, seeking fourth national title in program historyMay 14, 2024 | marketbeat.comVictory Capital Management Inc. Boosts Stake in TowneBank (NASDAQ:TOWN)Victory Capital Management Inc. raised its holdings in TowneBank (NASDAQ:TOWN - Free Report) by 41.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 265,062 shares of the bank's stock afterMay 13, 2024 | marketbeat.comTowneBank (NASDAQ:TOWN) Short Interest Up 23.3% in AprilTowneBank (NASDAQ:TOWN - Get Free Report) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 646,600 shares, a growth of 23.3% from the April 15th total of 524,600 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 254,900 shares, the short-interest ratio is currently 2.5 days.May 12, 2024 | marketbeat.comNuance Investments LLC Increases Stock Position in TowneBank (NASDAQ:TOWN)Nuance Investments LLC lifted its holdings in shares of TowneBank (NASDAQ:TOWN - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,410,827 shares of the bank's stock after bMay 9, 2024 | marketbeat.comTruist Financial Corp Lowers Stock Holdings in TowneBank (NASDAQ:TOWN)Truist Financial Corp trimmed its stake in TowneBank (NASDAQ:TOWN - Free Report) by 79.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,845 shares of the bank's stock after selling 316,907 shares during thMay 8, 2024 | seekingalpha.comTowneBank: Manageable CRE Exposure, But The Stock Is A Bit Too ExpensiveMay 8, 2024 | marketbeat.comLSV Asset Management Decreases Stake in TowneBank (NASDAQ:TOWN)LSV Asset Management lessened its holdings in shares of TowneBank (NASDAQ:TOWN - Free Report) by 15.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 353,323 shares of the bank's stock after selling 63,900 shares during tApril 30, 2024 | marketbeat.comTowneBank (NASDAQ:TOWN) Shares Bought by Cary Street Partners Investment Advisory LLCCary Street Partners Investment Advisory LLC lifted its position in shares of TowneBank (NASDAQ:TOWN - Free Report) by 150.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,438 shares of the banApril 26, 2024 | finance.yahoo.comTowneBank First Quarter 2024 Earnings: Misses ExpectationsApril 25, 2024 | sfgate.comTowneBank: Q1 Earnings SnapshotApril 25, 2024 | marketbeat.comTowneBank (NASDAQ:TOWN) Posts Earnings Results, Meets EstimatesTowneBank (NASDAQ:TOWN - Get Free Report) posted its earnings results on Wednesday. The bank reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. TowneBank had a net margin of 16.33% and a return on equity of 8.03%. The business had revenue of $167.10 million for the quarter, compared to analyst estimates of $169.68 million. During the same quarter in the previous year, the business posted $0.62 EPS. The business's quarterly revenue was down 9.2% on a year-over-year basis.April 24, 2024 | globenewswire.comTowneBank Reports First Quarter 2024 EarningsApril 14, 2024 | finance.yahoo.comInstitutional investors in TowneBank (NASDAQ:TOWN) see US$61m decrease in market cap last week, although long-term gains have benefitted them.April 12, 2024 | marketbeat.comTowneBank (NASDAQ:TOWN) Short Interest Down 29.4% in MarchTowneBank (NASDAQ:TOWN - Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 506,200 shares, a decrease of 29.4% from the March 15th total of 717,000 shares. Based on an average trading volume of 243,900 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.8% of the shares of the stock are sold short.April 11, 2024 | marketbeat.comRaymond James Financial Services Advisors Inc. Reduces Stake in TowneBank (NASDAQ:TOWN)Raymond James Financial Services Advisors Inc. lowered its stake in TowneBank (NASDAQ:TOWN - Free Report) by 48.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,650 shares of the bankApril 9, 2024 | msn.comMore details released about 39th annual Pigskin Pig-OutApril 1, 2024 | marketbeat.comVanguard Group Inc. Has $169.89 Million Position in TowneBank (NASDAQ:TOWN)Vanguard Group Inc. grew its stake in TowneBank (NASDAQ:TOWN - Free Report) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,409,093 shares of the bank's stock after buying an additional 101,677 shares dMarch 29, 2024 | msn.comColumn: ODU vs. JMU Royal Rivaly is a rout, and so is the Dukes’ dominance in the national conversationMarch 27, 2024 | globenewswire.comTowneBank Announces Retirement of Two DirectorsMarch 24, 2024 | marketbeat.comTowneBank (NASDAQ:TOWN) Stake Reduced by American Century Companies Inc.American Century Companies Inc. reduced its stake in shares of TowneBank (NASDAQ:TOWN - Free Report) by 59.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 531,492 shares of the bank's stock after selliMarch 20, 2024 | msn.comVBSPCA to honor 2 VB women and TowneBankMarch 7, 2024 | investing.comTowneBank appoints cybersecurity expert to boardMarch 6, 2024 | marketbeat.comMariner LLC Makes New $905,000 Investment in TowneBank (NASDAQ:TOWN)Mariner LLC bought a new position in shares of TowneBank (NASDAQ:TOWN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 39,447 shares of the bank's stock, valued at approximately $905,000. MMarch 5, 2024 | globenewswire.comSachin Shetty, Ph.D., Joins TowneBank Corporate Board of DirectorsMarch 1, 2024 | msn.comGet ready to run in the annual Yuengling Shamrock Marathon in Virginia BeachMarch 1, 2024 | marketbeat.comTowneBank Plans Quarterly Dividend of $0.25 (NASDAQ:TOWN)TowneBank (NASDAQ:TOWN) announced a quarterly dividend on Wednesday, February 28th. Shareholders of record on Friday, March 29th will be paid a dividend of 0.25 per share by the bank on Friday, April 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Wednesday, March 27th.February 28, 2024 | globenewswire.comTowneBank Announces Quarterly Cash DividendFebruary 25, 2024 | marketbeat.comTowneBank (NASDAQ:TOWN) Shares Acquired by Charles Schwab Investment Management Inc.Charles Schwab Investment Management Inc. lifted its stake in shares of TowneBank (NASDAQ:TOWN - Free Report) by 5.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 752,382 shares of the bank's stock after purchasing an addiFebruary 22, 2024 | finance.yahoo.comBullish TowneBank Insiders Loaded Up On US$1.17m Of StockFebruary 19, 2024 | marketbeat.comNew York State Common Retirement Fund Sells 51,682 Shares of TowneBank (NASDAQ:TOWN)New York State Common Retirement Fund cut its stake in shares of TowneBank (NASDAQ:TOWN - Free Report) by 56.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,435 shares of the bank's stock after sellinFebruary 17, 2024 | finance.yahoo.comTOWN Sep 2024 25.000 callFebruary 17, 2024 | finance.yahoo.comTOWN Jun 2024 22.500 putFebruary 14, 2024 | marketbeat.comShort Interest in TowneBank (NASDAQ:TOWN) Drops By 10.9%TowneBank (NASDAQ:TOWN - Get Free Report) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 651,300 shares, a decline of 10.9% from the January 15th total of 730,600 shares. Based on an average daily volume of 210,900 shares, the days-to-cover ratio is presently 3.1 days. Approximately 1.0% of the company's shares are short sold.February 8, 2024 | marketbeat.comTowneBank (NASDAQ:TOWN) Shares Bought by Victory Capital Management Inc.Victory Capital Management Inc. boosted its holdings in shares of TowneBank (NASDAQ:TOWN - Free Report) by 739.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,441 shares of the bank's stock afterFebruary 6, 2024 | msn.comTowneBank (TOWN) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?February 4, 2024 | bizjournals.comTBJ Plus: Monaco billionaire targets Durham; Tap room closes; Tough numbers in CharlotteFebruary 2, 2024 | marketbeat.comTowneBank (NASDAQ:TOWN) Given Consensus Rating of "Hold" by AnalystsTowneBank (NASDAQ:TOWN - Get Free Report) has been given a consensus rating of "Hold" by the five ratings firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year pricJanuary 31, 2024 | marketbeat.comTowneBank (NASDAQ:TOWN) Rating Lowered to Sell at StockNews.comStockNews.com lowered shares of TowneBank from a "hold" rating to a "sell" rating in a report on Wednesday.January 29, 2024 | markets.businessinsider.comPiper Sandler Reaffirms Their Buy Rating on TowneBank (TOWN)January 27, 2024 | marketbeat.comBank of New York Mellon Corp Trims Stake in TowneBank (NASDAQ:TOWN)Bank of New York Mellon Corp cut its stake in shares of TowneBank (NASDAQ:TOWN - Free Report) by 7.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 419,881 shares of the bank's stock after selling 35,807January 25, 2024 | finance.yahoo.comHere's What Key Metrics Tell Us About TowneBank (TOWN) Q4 EarningsJanuary 25, 2024 | marketbeat.comTowneBank (NASDAQ:TOWN) Issues Quarterly Earnings Results, Misses Estimates By $0.05 EPSTowneBank (NASDAQ:TOWN - Get Free Report) posted its quarterly earnings results on Wednesday. The bank reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.05). TowneBank had a net margin of 18.90% and a return on equity of 9.01%. The company had revenue of $155.55 million for the quarter, compared to the consensus estimate of $164.67 million. The business's quarterly revenue was down 11.3% compared to the same quarter last year.January 25, 2024 | marketbeat.comTowneBank (NASDAQ:TOWN) Shares Down 3.1% After Earnings MissTowneBank (NASDAQ:TOWN) Trading Down 3.1% Following Weak EarningsJanuary 24, 2024 | msn.comGreenville Yard Gnomes are Coastal Plain League’s newest baseball teamJanuary 23, 2024 | marketbeat.comStockNews.com Upgrades TowneBank (NASDAQ:TOWN) to "Hold"StockNews.com upgraded TowneBank from a "sell" rating to a "hold" rating in a research note on Tuesday.January 23, 2024 | finance.yahoo.comTowneBank (NASDAQ:TOWN) stock performs better than its underlying earnings growth over last three yearsJanuary 22, 2024 | msn.comHeart disease can strike even the healthiest womanJanuary 16, 2024 | sports.yahoo.comThe Mat Pack's latest South Jersey Mean 15 team rankings for Jan. 16 are outJanuary 15, 2024 | news.yahoo.comFmr. Governor Douglas Wilder receives lifetime achievement award during 40th Urban League of Hampton Roads MLK breakfast Get TowneBank News Delivered to You Automatically Sign up to receive the latest news and ratings for TOWN and its competitors with MarketBeat's FREE daily newsletter. Email Address Bible Shocker: Have You Seen Elon Musk’s Miracle? (Ad)Breaking News: Elon Musk Invents New Type of A.I. (Shocking) Elon Musk is about to shock the world again with this new type of A.I.… Minting new millionaires in the process. Click here for the full story… TOWN Media Mentions By Week TOWN Media SentimentLearn about the media sentiment score. Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press. TOWN News Sentiment▼1.090.71▲Average Finance News Sentiment TOWN News CoverageLearn about the media coverage comparison. We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week. TOWN Articles This Week▼52▲TOWN Articles Average Week Get TowneBank News Delivered to You Automatically Sign up to receive the latest news and ratings for TOWN and its competitors with MarketBeat's FREE daily newsletter. 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