3 Bank Stocks with Open Questions [Yahoo! Finance]
Towne Bank (TOWN)
Last towne bank earnings: 4/27 08:30 am
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Source: Yahoo! Finance
These institutions have benefited from improved net interest margins and robust credit growth, so it's no surprise the banking industry has posted a 3.1% gain over the past six months while the S&P 500 shed 2.1% of its value. Although banks have produced good results, only a handful will thrive over the long term as fintech disruptors are rapidly taking market share from traditional institutions. On that note, here are three bank stocks we're passing on. TowneBank (TOWN) Market Cap: $3.09 billion 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 Net interest income trends were unexciting over the last five years
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News
- TowneBank Announces Sale of Resort Property Management Segment [Yahoo! Finance]Yahoo! Finance
- TowneBank Announces Sale of Resort Property Management SegmentGlobeNewswire
- Regional Banks Stocks Q3 Highlights: TowneBank (NASDAQ:TOWN) [Yahoo! Finance]Yahoo! Finance
- TowneBank Announces Quarterly Cash DividendGlobeNewswire
- Towne Bank (NASDAQ:TOWN) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat