Morgan Davis - Towne Bank President, Chief Banking Officer and Director
| TOWN Stock | USD 36.68 0.32 0.86% |
President
Mr. J. Morgan Davis is a President, Chief Executive Officer, Chief Banking Officer and Director of Towne Bank. He served as President of Towne Financial Services Group from March 2005 to June 2011, and as President of TowneBank Virginia Beach from May 1999 to March 2005. Mr. Davis is a 37year banking veteran and served as the founding president of a local banking institution for 13 years and served as President of TowneBank Virginia Beach for six years. Mr. Davis has served as a key negotiator in several of TowneBanks acquisitions and has served on the boards of several prominent community organizations. Mr. Davis provides vital senior management experience and business acumen to our Board of Directors. since 2018.
| Age | 73 |
| Tenure | 6 years |
| Address | 5716 High Street, Portsmouth, VA, United States, 23703 |
| Phone | 757 638 7500 |
| Web | https://www.townebank.com |
Morgan Davis Latest Insider Activity
Tracking and analyzing the buying and selling activities of Morgan Davis against Towne Bank stock is an integral part of due diligence when investing in Towne Bank. Morgan Davis insider activity provides valuable insight into whether Towne Bank is net buyers or sellers over its current business cycle. Note, Towne Bank insiders must abide by specific rules, including filing SEC forms every time they buy or sell Towne Bank'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Morgan Davis 2 days ago Disposition of 150 shares by Morgan Davis of White Mountains subject to Rule 16b-3 |
Towne Bank Management Efficiency
As of the 28th of November 2024, Return On Capital Employed is likely to grow to 0.02, while Return On Tangible Assets are likely to drop 0.01. At this time, Towne Bank's Total Assets are very stable compared to the past year. As of the 28th of November 2024, Other Assets is likely to grow to about 17.9 B, while Total Current Assets are likely to drop about 179.6 M. Towne Bank's management efficiency ratios could be used to measure how well Towne Bank manages its routine affairs as well as how well it operates its assets and liabilities.Similar Executives
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Management Performance
| Return On Equity | 0.0723 | ||||
| Return On Asset | 0.0089 |
Towne Bank Leadership Team
Elected by the shareholders, the Towne Bank's board of directors comprises two types of representatives: Towne Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Towne. The board's role is to monitor Towne Bank's management team and ensure that shareholders' interests are well served. Towne Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Towne Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Scott Williams, Executive Experience | ||
| Denys Diaz, Senior Officer | ||
| William Morrison, Director of Town Bank, Chairman and CEO of TowneBank Mortgage and Realty Group, a Division of TowneBank | ||
| Lee Clark, Senior COO | ||
| Robert Aston, Executive Chairman | ||
| William Littreal, Chief Strategy Officer and Sr. Executive VP | ||
| Brian Skinner, President Carolina | ||
| Brad CPA, COO Pres | ||
| William CPA, Senior CFO | ||
| William III, Pres Director | ||
| Dawn Glynn, Executive Vice President Director - Private Banking | ||
| Kevin Fly, Senior Executive Vice President Chief Accounting Officer | ||
| James Bradner, Executive Towneinsurance | ||
| George Whitley, Senior Executive Vice President and Chief Legal Officer | ||
| Morgan Davis, President, Chief Banking Officer and Director |
Towne Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Towne Bank a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.0723 | ||||
| Return On Asset | 0.0089 | ||||
| Profit Margin | 0.22 % | ||||
| Operating Margin | 0.30 % | ||||
| Current Valuation | 2.84 B | ||||
| Shares Outstanding | 75.15 M | ||||
| Shares Owned By Insiders | 0.43 % | ||||
| Shares Owned By Institutions | 57.41 % | ||||
| Number Of Shares Shorted | 522.41 K | ||||
| Price To Earning | 12.43 X |
Pair Trading with Towne Bank
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Towne Bank position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Towne Bank will appreciate offsetting losses from the drop in the long position's value.Moving together with Towne Stock
Moving against Towne Stock
| 0.48 | CFG-PE | Citizens Financial | PairCorr |
| 0.39 | TFC-PO | Truist Financial | PairCorr |
| 0.39 | TFC-PR | Truist Financial | PairCorr |
The ability to find closely correlated positions to Towne Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Towne Bank when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Towne Bank - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Towne Bank to buy it.
The correlation of Towne Bank is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Towne Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Towne Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Towne Bank can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Towne Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. To learn how to invest in Towne Stock, please use our How to Invest in Towne Bank guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Towne Bank. If investors know Towne will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Towne Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.05) | Dividend Share 1 | Earnings Share 2 | Revenue Per Share 8.973 | Quarterly Revenue Growth 0.022 |
The market value of Towne Bank is measured differently than its book value, which is the value of Towne that is recorded on the company's balance sheet. Investors also form their own opinion of Towne Bank's value that differs from its market value or its book value, called intrinsic value, which is Towne Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Towne Bank's market value can be influenced by many factors that don't directly affect Towne Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Towne Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Towne Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Towne Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.