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Keefe, Bruyette & Woods Retain Towne Bank (TOWN) Market Perform Recommendation

Fintel will be announced by Keefe, Bruyette & Woods on May 8, 2023. maintained Town Bank (NASDAQ:TOWN) Coverage market perform recommendation.

Analyst Price Forecast Suggests 39.66% Gain

Average 1 year as of April 24, 2023 price target 31.62 for Town Bank. Predictions range from a low of $28.28 to a high of $35.70. The average price target represents a 39.66% increase from the latest reported closing price of 22.64.

see us corporate leaderboard Maximum price target upwards.

Towne Bank’s projected annual revenue is 794 million, an increase of 17.27%. Projected annual non-GAAP EPS It’s 3.03.

Towne Bank declares $0.23 dividend

On February 22, 2023, the company will regular quarterly dividend $0.23 per share ($0.92 annualized). Shareholders of record as of March 30, 2023 received payment on April 12, 2023. Previously, the company paid him $0.23 per share.

At a current price of $22.64 / share, this stock has a dividend yield of 4.06%.

Looking back over five years and taking a weekly sample, the average dividend yield was 2.84%, with a low of 1.76% and a high of 4.60%. The standard deviation of yield is 0.60 (n=236).

The current dividend yield is 2.05 standard deviations above the historical average.

The company’s dividend payout ratio is 0.36. The payout ratio indicates how much of a company’s profits is paid out as dividends. A payout ratio of 1 (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above 1 means the company is steeped in savings to sustain its dividend. This is not a healthy situation. A company with little growth prospects would be expected to pay the majority of its income in dividends. This usually means a payout ratio of 0.5 to 1.0. Companies with good growth prospects are expected to retain some profits to invest in those growth prospects. This translates to a payout ratio of zero to 0.5.

The company’s three-year dividend growth rate is 0.28%, indicating that it has been increasing its dividend for a long time.

What is Fund Sentiment?

there is 449 funds or institutions reporting positions Located in Town Bank. That’s an increase of his four owners or 0.90% in the last quarter.Portfolio average weight of all funds TOWN exclusive is 0.13%, an increase of 10.15%. The total number of shares owned by the institution increased by 0.17% to 45,676,000 shares over the past three months. of put/call ratio of TOWN is at 5.48, indicating a bearish outlook.

What are other shareholders doing?

Shares held by the TOWN / Towne Bank (Portsmouth, Virginia) institution

T. Rowe Price Investment Management It owns 3,674,000 shares representing a 4.97% ownership interest in the company. In previous filings, the company reported that it owned 3,682,000 of his shares. Decrease 0.21%.office gain Portfolio allocation in TOWN increased by 10.17% last quarter.

PRSVX – T. Rowe Price Small Cap Value Fund It holds 2,312K shares representing a 3.13% ownership interest in the company. In previous filings, the company reported he owned 2,316,000 shares. Decrease 0.17%.office gain Portfolio allocation in TOWN increased by 12.22% last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks It holds 2,069,000 shares representing a 2.80% ownership interest in the company. In previous filings, the company reported that it owned 2,035,000 of his shares. will increase 1.61%.office gain Portfolio allocation in TOWN increased by 7.89% last quarter.

NAESX – Vanguard Small-Cap Index Fund Investor Shares It owns 1,780,000 shares representing a 2.41% ownership interest in the company. In previous filings, the company reported he owned 1,754,000 shares. will increase of 1.44%.office gain Portfolio allocation in TOWN increased by 7.96% last quarter.

IWM – iShares Russell 2000 ETF It owns 1,578,000 shares representing a 2.14% ownership interest in the company. In previous filings, the company reported he owned 1,477,000 shares. will increase 6.39%.office gain Portfolio allocation in TOWN increased by 11.21% last quarter.

Town Bank Portsmouth VA Background Information
(This description is provided by the company.)

Founded in 1999, TowneBank is a relationship-based company that provides a full range of banking and other financial services with a mission to serve others and enrich their lives. doing. Dedicated to a culture of compassion, Towne values ​​all employees and members by embracing diverse talents, perspectives and experiences.

See all town banks Submissions to regulatory authorities.

This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words

Fintel will be announced by Keefe, Bruyette & Woods on May 8, 2023. maintained Town Bank (NASDAQ:TOWN) Coverage market perform recommendation. Analyst Price Forecast Suggests 39.66% Gain Average 1 year as of April 24, 2023 price target 31.62 for Town Bank. Predictions range from a low of $28.28 to a high of $35.70. The average price target represents a 39.66% increase from the latest reported closing price of 22.64.

see us corporate leaderboard Maximum price target upwards. Towne Bank’s projected annual revenue is 794 million, an increase of 17.27%. Projected annual non-GAAP EPS It’s 3.03. Towne Bank declares $0.23 dividend On February 22, 2023, the company will regular quarterly dividend $0.23 per share ($0.92 annualized). Shareholders of record as of March 30, 2023 received payment on April 12, 2023. Previously, the company paid him $0.23 per share. At a current price of $22.64 / share, this stock has a dividend yield of 4.06%. Looking back over five years and taking a weekly sample, the average dividend yield was 2.84%, with a low of 1.76% and a high of 4.60%. The standard deviation of yield is 0.60 (n=236).

The current dividend yield is 2.05 standard deviations above the historical average. The company’s dividend payout ratio is 0.36. The payout ratio indicates how much of a company’s profits is paid out as dividends. A payout ratio of 1 (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above 1 means the company is steeped in savings to sustain its dividend. This is not a healthy situation. A company with little growth prospects would be expected to pay the majority of its income in dividends. This usually means a payout ratio of 0.5 to 1.0. Companies with good growth prospects are expected to retain some profits to invest in those growth prospects. This translates to a payout ratio of zero to 0.5. The company’s three-year dividend growth rate is 0.28%, indicating that it has been increasing its dividend for a long time. What is Fund Sentiment? there is 449 funds or institutions reporting positions Located in Town Bank. That’s an increase of his four owners or 0.90% in the last quarter.Portfolio average weight of all funds TOWN exclusive is 0.13%, an increase of 10.15%. The total number of shares owned by the institution increased by 0.17% to 45,676,000 shares over the past three months. of put/call ratio of TOWN is at 5.48, indicating a bearish outlook. What are other shareholders doing? T. Rowe Price Investment Management It owns 3,674,000 shares representing a 4.97% ownership interest in the company. In previous filings, the company reported that it owned 3,682,000 of his shares. Decrease 0.21%.office gain Portfolio allocation in TOWN increased by 10.17% last quarter.

PRSVX – T. Rowe Price Small Cap Value Fund It holds 2,312K shares representing a 3.13% ownership interest in the company. In previous filings, the company reported he owned 2,316,000 shares. Decrease 0.17%.office gain Portfolio allocation in TOWN increased by 12.22% last quarter. VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks It holds 2,069,000 shares representing a 2.80% ownership interest in the company. In previous filings, the company reported that it owned 2,035,000 of his shares. will increase 1.61%.office gain Portfolio allocation in TOWN increased by 7.89% last quarter. NAESX – Vanguard Small-Cap Index Fund Investor Shares It owns 1,780,000 shares representing a 2.41% ownership interest in the company. In previous filings, the company reported he owned 1,754,000 shares. will increase of 1.44%.office gain Portfolio allocation in TOWN increased by 7.96% last quarter. IWM – iShares Russell 2000 ETF It owns 1,578,000 shares representing a 2.14% ownership interest in the company. In previous filings, the company reported he owned 1,477,000 shares. will increase 6.39%.office gain Portfolio allocation in TOWN increased by 11.21% last quarter. Town Bank Portsmouth VA Background Information(This description is provided by the company.)

Founded in 1999, TowneBank is a relationship-based company that provides a full range of banking and other financial services with a mission to serve others and enrich their lives. doing. Dedicated to a culture of compassion, Towne values ​​all employees and members by embracing diverse talents, perspectives and experiences. See all town banks Submissions to regulatory authorities. This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/keefe-bruyette-woods-maintains-towne-bank-town-market-perform-recommendation-0 Keefe, Bruyette & Woods Retain Towne Bank (TOWN) Market Perform Recommendation

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