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TOWN - Townebank Portsmouth VA
$25.42
0.05(0.20%)9:00:00 PM 1/20/2021
TowneBank provides retail and commercial banking services for individuals, professionals, and commercial enterprises. The company operates in three segments: Banking, Realty, and Insurance. It accepts various deposits products, 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, such as alternative investments, annuities, margin accounts, convertible bonds, and pension and profit sharing plans. Additionally, it provides residential real estate, relocation, property management, vacations rental, and title and settlement services; and originates residential mortgage loans. The company offers life, property, casualty, travel, and vehicle insurance services; medical, and baggage protection insurance for travelers; and employee benefit programs, such as health, dental, vision, and disability insurance. It operates 42 banking offices in Virginia and North Carolina. TowneBank was founded in 1998 and is headquartered in Portsmouth, Virginia.
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Summary:

  • A moving average of Short volume ratio is at a recent 2 week high. A high short volume ratio indicate selling presures.

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

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Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.

Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.

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Stock news

    12/28/2020TOWN
    Analyzing Towne Bank's Ex-Dividend Date

    On December 2, 2020, Towne Bank (NASDAQ:TOWN) declared a dividend payable on January 11, 2021 to its shareholders. Towne Bank also announced that shareholders on the company's books on or before December 30, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Towne Bank will be on December 29, 2020. The company's current dividend payout is at $0.18. That equates to a dividend yield of 3.24% at current price leve...

    12/12/2020TOWN
    Where Do Hedge Funds Stand On TowneBank (TOWN)?

    Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]

    12/2/2020TOWN
    TowneBank Announces Quarterly Cash Dividend

    SUFFOLK, Va., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors on December 2, 2020 declared its fourth-quarter shareholder cash dividend of $0.18 per common share payable on January 11, 2021 to shareholders of record on December 30, 2020. The amount and declaration of future cash dividends are subject to Board of Directors’ approval in addition to regulatory restrictions.About TowneBank:As one of the top community banks i...

    11/16/2020TOWN
    What Type Of Returns Would TowneBank's(NASDAQ:TOWN) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?

    This week we saw the TowneBank (NASDAQ:TOWN) share price climb by 18%. But that doesn't change the fact that the...

    10/22/2020TOWN
    TowneBank (TOWN) Surpasses Q3 Earnings and Revenue Estimates

    TowneBank (TOWN) delivered earnings and revenue surprises of 2.13% and 21.21%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

    10/22/2020TOWN
    TowneBank Reports Third Quarter 2020 Earnings

    SUFFOLK, Va., Oct. 22, 2020 (GLOBE NEWSWIRE) -- TowneBank (the “Company”) (NASDAQ: TOWN) today reported earnings for the quarter ended September 30, 2020 of $34.46 million, or $0.48 per diluted share, compared to $37.66 million, or $0.52 per diluted share, for the quarter ended September 30, 2019. “Our third quarter results were highlighted by strong performance across our fee-based business lines.  Total revenues exceeded $192 million despite challenges from historically low interest rates.  C...

    10/15/2020TOWN
    TowneBank (TOWN) to Report Q3 Results: Wall Street Expects Earnings Growth

    TowneBank (TOWN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.