5-Star Stocks Poised to Pop: Towne Bank
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, regional bank Towne Bank (NAS: TOWN) has earned a coveted five-star ranking.
With that in mind, let's take a closer look at Towne's business and see what CAPS investors are saying about the stock right now.
Towne facts
Headquarters (founded) | Portsmouth, Va. (1998) |
Market Cap | $393.4 million |
Industry | Regional banks |
Trailing-12-Month Revenue | $190.4 million |
Management | Chairman/CEO Robert Aston |
Return on Equity (average, past 3 years) | 6.4% |
Dividend Yield | 2.4% |
Competitors | BB&T |
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 96% of the 46 members who have rated Towne believe the stock will outperform the S&P 500 going forward.
Just last week, one of those Fools, dajmipivo, offered some customer insight into the bull case:
Towne Bank is my local bank. They do well in my area, and are well thought of. The economy is notably stronger in Hampton Roads, VA than the rest of the country, and unemployment is a few points lower as well. They have expanded their footprint onto the Outer Banks of [North Carolina] where the well heeled live and vacation.
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At the time thisarticle was published Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Try any of our Foolish newsletter services free for 30 days.We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool's disclosure policy always gets a perfect score.
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