TOWN: TowneBank - Summary | Jitta

TowneBank

NASDAQ:TOWN

Price
$27.94
Loss Chance
42.5%
6.28JITTA SCORE
18.10%Over Jitta Line
Jitta Ranking
290 / 320
597 / 735
3,226 / 5,122
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HISTORICAL JITTA SCORE
Jitta Factors
Growth Opportunity (50)
Recent Business Performance (44)
Financial Strength (92)
Return to Shareholders (66)
Competitive Advantage (56)
Jitta Signs
Revenue and EarningConsistent Growth in the past 5 years
Recent Business PerformanceEarning Growth Last Year
Operating MarginConsistent
Dividend PayoutIncreasing Every Year
Total DepositConsistent Growth
Loan to DepositBalanced
Net Interest MarginEfficiency
Key Stats
Jitta Score
Jitta Line
6.28
18.10%
6.28
75.74%
5.27
93.05%
Regional Banks
7.55
42.80%
6.84
58.66%
7.58
39.92%
COMPANY DESCRIPTION
TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals. The company operates through three segments: Banking, Realty, and Insurance. It accepts various deposits, including demand deposits, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts. The company also offers secured and unsecured personal loans for financing automobiles, home improvements, education, and personal investments; commercial loans for working capital, business expansion, and equipment and machinery purchases; and mortgage loans, as well as real estate acquisition, development, and construction loans. In addition, it provides other services, such as safe deposit boxes, treasury management services, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as online, mobile, and on-call banking services. Further, the company offers documentation services to accomplish tax deferral to investors; investment and asset management services; commercial mortgage brokerage services; and other financial services, such as financial, retirement, and estate planning services, as well as assistance on various investment options comprising alternative investments, annuities, margin accounts, convertible bonds, and pension and profit-sharing plans. Additionally, it provides residential real estate, relocation, property management, vacations rental, and title and settlement services; and originates residential mortgage loans. The company also offers life, property, casualty, and vehicle insurance services; and employee benefit programs, such as health, dental, vision, and disability insurance. It operates in Richmond, Virginia, the Greater Hampton Roads region in southeastern Virginia, northeastern North Carolina, Raleigh, Charlotte, Greensboro, and Greenville, North Carolina. TowneBank was incorporated in 1998 and is headquartered in Portsmouth, Virginia.