2 Cash-Heavy Stocks with Competitive Advantages and 1 We Brush Off [Yahoo! Finance]
Towne Bank (TOWN)
Last towne bank earnings: 4/27 08:30 am
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US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
Some of these companies also face challenges like stagnating revenue, declining market share, or limited scalability. Just because a business has cash doesn't mean it's a good investment. Luckily, StockStory is here to help you separate the winners from the losers. That said, here are two companies with net cash positions that balance growth with stability and one that may struggle. Net Cash Position: $862 million (31.2% of Market Cap) Founded in 1998 with a commitment to community-centered banking in the Hampton Roads region, TowneBank (NASDAQ:TOWN) is a community-focused financial institution providing banking, lending, and wealth management services to individuals and businesses in Virginia and North Carolina. Why Are We Wary of TOWN? Muted 5.1% annual revenue growth over the last five years shows its demand lagged behind its banking peers Annual net interest income growth of 7.2% over the last five years was below our standards for the banking sector Estimated tangib
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News
- Dogwood State Bank Shareholders Approve Merger into TowneBank [Yahoo! Finance]Yahoo! Finance
- Dogwood State Bank Shareholders Approve Merger into TowneBankPR Newswire
- TowneBank Announces Quarterly Cash Dividend [Yahoo! Finance]Yahoo! Finance
- TowneBank declares $0.27 dividend [Seeking Alpha]Seeking Alpha
- TowneBank Announces Quarterly Cash DividendGlobeNewswire