Towne BankTOWN
About: 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.
Employees: 1,471
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
11,567% more call options, than puts
Call options by funds: $350K | Put options by funds: $3K
72% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 18
24% more capital invested
Capital invested by funds: $1.13B [Q2] → $1.4B (+$268M) [Q3]
19% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 62
6% more funds holding
Funds holding: 200 [Q2] → 211 (+11) [Q3]
1.17% more ownership
Funds ownership: 57.07% [Q2] → 58.24% (+1.17%) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for TOWN.
Financial journalist opinion
