Profit Fan

TowneBank: A Lot Of Small Operational Moves Set This Bank Up For Higher Long-Term Results

TowneBank (NASDAQ:TOWN) is a $486 million bank holding company that operates 26 banking offices throughout Virginia and North Carolina. When last reported the company controlled $4.3 billion in assets, $3.158 billion of which were in loans, and had $3.3 billion in deposits. Below, I will be reviewing the bank's recent financial performance and its current balance sheet to help determine whether or not this 2.34% yielder is worth a look after rising ~16% since May.

TOWN Dividend Yield data by YCharts

Balance Sheet Items (in Thousands)

(click to enlarge)

To begin, I have above a look at the balance sheet items I feel have the most impact on future returns. And as you can see, a very favorable...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details