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home / news releases / TOWN - TowneBank: Trading At Its Book Value And With A 3%+ Dividend Yield


TOWN - TowneBank: Trading At Its Book Value And With A 3%+ Dividend Yield

  • Townebank's loan book appears to be very CRE-heavy, but the total amount of loans past due is very low.
  • The total amount of loans where deferrals and/or modifications were in place has fallen by more than 90% since April.
  • Townebank is trading just under its book value, but higher than its tangible book value. A purchase price in between would probably be fair.

For further details see:

TowneBank: Trading At Its Book Value And With A 3%+ Dividend Yield
Stock Information

Company Name: Towne Bank
Stock Symbol: TOWN
Market: NASDAQ
Website: townebank.com

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