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
$2.33 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
Short Interest
This information is bi-monthly aggregated short interest data reported to the Financial Industry Regulatory Authority (FINRA) by broker-dealers.
Short Interest: The total number of shares that have been sold short but have not yet been covered or closed out.
Bi-Weekly Change (%): The percentage change in short interest from the previous bi-weekly period.
Settlement Date: The date on which the short interest data is considered settled, typically based on exchange reporting schedules.
Days to Cover: The estimated number of days it would take to cover all short positions based on average trading volume.
Track Short Interest Levels to Gauge Bearish Market Sentiment and Short Squeeze Potential
| Short Interest | Bi-Weekly Change (%) | Settlement Date | Days to Cover |
|---|---|---|---|
| 813,532 Shares | -8.46% | 3/14/2025 | 3.32 |
| 888,758 Shares | +33.47% | 2/28/2025 | 3.48 |
| 665,864 Shares | +4.25% | 2/14/2025 | 4 |
| 638,737 Shares | -19.08% | 1/31/2025 | 2.88 |
| 789,365 Shares | -9.70% | 1/15/2025 | 3.44 |
| 874,129 Shares | +40.95% | 12/31/2024 | 3.4 |
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 |