TRUX - Truxton Corp.: A Unique Private Bank In A Growing Market
- Truxton Corp. operates in a niche with few competitors, offering complementary private banking and wealth management services.
- It has grown its earnings at over 20% for the last 10 years with no major loan charge-offs or hiccups in growth.
- Truxton is in a growing Nashville market and is poised to increase its efficiencies as it grows assets and deposits without adding new branches.
- Truxton trades at less than 20x 2020 earnings and ~15x 2021E earnings.
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Truxton Corp.: A Unique Private Bank In A Growing Market