Towne Bank TOWN
$
Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Towne Bank (TOWN) Business Model and Operations Summary
Towne Bank is a financial services company that places special emphasis on serving the financial needs of individuals, commercial enterprises, and professionals, offering retail and commercial banking services to numerous markets in Virginia and North Carolina. The company has three reportable segments: Banking Segment provides loan and deposit services to retail and commercial customers and provides commercial mortgage brokerage services and investment and asset management services, and the Realty Segment provides residential real estate services and mortgage loans. It also provides resort property management and residential and commercial title insurance, and Insurance Segment provides provide a wide array of insurance products, including property, casualty, life, and health insurance.
Key Insights
Towne Bank (TOWN) Core Market Data and Business Metrics
Latest Closing Price
$33.9Market Cap
$2.51 BillionTotal Outstanding Shares
72.62 Million SharesTotal Employees
1,531Dividend
$0.25 Per Share QuarterlyIPO Date
May 5, 1999Primary Exchange
NASDAQ
Historical Stock Splits
If you bought 1 share of TOWN before June 18, 2004, you'd have 1.50 shares today.
| Execution Date | Split Amount |
|---|---|
| June 18, 2004 | 3-for-2 |
Short Interest
Track Short Interest Levels to Gauge Bearish Market Sentiment and Short Squeeze Potential
| Avg Daily Volume | Days to Cover | Settlement Date | Short Interest |
|---|---|---|---|
| 245,132 Shares | 3.32 | 3/14/2025 | 813,532 Shares |
| 255,235 Shares | 3.48 | 2/28/2025 | 888,758 Shares |
| 166,432 Shares | 4 | 2/14/2025 | 665,864 Shares |
| 221,768 Shares | 2.88 | 1/31/2025 | 638,737 Shares |
| 229,548 Shares | 3.44 | 1/15/2025 | 789,365 Shares |
| 256,915 Shares | 3.4 | 12/31/2024 | 874,129 Shares |
Historical Dividends
Current dividend: $0.25 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Feb 26, 2025 | Apr 11, 2025 | Mar 31, 2025 | $0.25 | Quarterly |
| Nov 27, 2024 | Jan 14, 2025 | Dec 31, 2024 | $0.25 | Quarterly |
| Aug 28, 2024 | Oct 11, 2024 | Sep 30, 2024 | $0.25 | Quarterly |
| May 29, 2024 | Jul 12, 2024 | Jun 28, 2024 | $0.25 | Quarterly |
| Feb 28, 2024 | Apr 12, 2024 | Mar 29, 2024 | $0.25 | Quarterly |
| Nov 29, 2023 | Jan 12, 2024 | Dec 29, 2023 | $0.25 | Quarterly |