TowneBank (NASDAQ:TOWN) Will Pay A Dividend Of $0.25 [Yahoo! Finance]
Towne Bank (TOWN)
Last towne bank earnings: 4/27 08:30 am
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Source: Yahoo! Finance
The board of TowneBank NASDAQ:TOWN ) has announced that it will pay a dividend on the 11th of October, with investors receiving $0.25 per share. Based on this payment, the dividend yield will be 3.0%, which is fairly typical for the industry. TowneBank's Payment Expected To Have Solid Earnings Coverage While it is always good to see a solid dividend yield, we should also consider whether the payment is feasible. TowneBank has a long history of paying out dividends, with its current track record at a minimum of 10 years. Taking data from its last earnings report, calculating for the company's payout ratio shows 49%, which means that TowneBank would be able to pay its last dividend without pressure on the balance sheet. Over the next year, EPS is forecast to expand by 15.9%. Assuming the dividend continues along recent trends, we think the future payout ratio could be 46% by next year, which is in a pretty sustainable range. TowneBank Has A Solid Track Record The company ha
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News
- John Baiocco of TowneBank & Bryan Peckinpaugh of Baker Hill to Present at American Banker's Small Biz Banking Conference [Yahoo! Finance]Yahoo! Finance
- TowneBank (NASDAQ: TOWN) was upgraded by analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating. They now have a $40.00 price target on the stock, up previously from $35.00.MarketBeat
- STOCKHOLDER ALERT: The M&A Class Action Firm Investigates the Mergers of SMAR, TOWN and BRZHPR Newswire
- TowneBank to Acquire Village Bank, Boost Richmond MSA Presence [Yahoo! Finance]Yahoo! Finance
- TowneBank and Village Bank and Trust Financial Corp. Announce Agreement to MergeGlobeNewswire
TOWN
Earnings
- 7/24/24 - Beat
TOWN
Analyst Actions
- 10/2/24 - Keefe, Bruyette & Woods