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
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.
|Headquarters (founded)||Portsmouth, Va. (1998)|
|Market Cap||$393.4 million|
|Trailing-12-Month Revenue||$190.4 million|
|Management||Chairman/CEO Robert Aston
CFO Clyde McFarland
|Return on Equity (average, past 3 years)||6.4%|
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.
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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