TOWN stock icon

Towne Bank


Market Cap: 2.37B


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: 2,743

Funds holding %
of 6,702 funds
Analysts bullish %
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

93% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 15

74% more call options, than puts

Call options by funds: $162K | Put options by funds: $93K

7% more funds holding

Funds holding: 193 [Q4 2023] → 207 (+14) [Q1 2024]

0.75% less ownership

Funds ownership: 55.9% [Q4 2023] → 55.16% (-0.75%) [Q1 2024]

7% less capital invested

Capital invested by funds: $1.21B [Q4 2023] → $1.13B (-$83.2M) [Q1 2024]

16% less repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 69

Research analyst outlook

We haven’t received any recent analyst ratings for TOWN.

Financial journalist opinion