J Davis - Towne Bank President Chief Banking Officer, Director

TOWN Stock  USD 28.06  0.29  1.04%   

President

Mr. J. Morgan Davis is President, Chief Banking Officer, Director of TowneBank since 2011.
Age 64
Tenure 13 years
Address 5716 High Street, Portsmouth, VA, United States, 23703
Phone757 638 7500
Webhttps://www.townebank.com
Davis has served as President and Chief Banking Officer of TowneBank since July 2011. 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.

Towne Bank Management Efficiency

As of the 29th of March 2024, Return On Capital Employed is likely to grow to -0.0002. In addition to that, Return On Assets is likely to drop to 0.01. At this time, Towne Bank's Total Assets are very stable compared to the past year. As of the 29th of March 2024, Other Assets is likely to grow to about 17.9 B, while Total Current Assets are likely to drop about 1.1 B. 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.
The company currently holds 492.58 M in liabilities with Debt to Equity (D/E) ratio of 0.05, which may suggest the company is not taking enough advantage from borrowing. Debt can assist Towne Bank until it has trouble settling it off, either with new capital or with free cash flow. So, Towne Bank's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Towne Bank sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Towne to invest in growth at high rates of return. When we think about Towne Bank's use of debt, we should always consider it together with cash and equity.

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TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals. TowneBank was incorporated in 1998 and is headquartered in Portsmouth, Virginia. Towne Bank operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 2835 people. Towne Bank (TOWN) is traded on NASDAQ Exchange in USA. It is located in 5716 High Street, Portsmouth, VA, United States, 23703 and employs 2,784 people. Towne Bank is listed under Regional Banks category by Fama And French industry classification.

Management Performance

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.
Bradford Cherry, Director
Scott Williams, Executive Experience
Paul Farrell, Director, Member of Executive Committee and Chairman of Towne Financial Services
Gerald Passaro, President - Real Estate Finance Group, Director
Lee Clark, Senior COO
Jeremy Collins, Non-Executive Director
Douglas Ellis, Director
William III, Pres Director
Richard Bray, Director
G Aston, Chairman of the Board, CEO
Richard Wheeler, Director
Michael Ziff, Non-Executive Director
J Davis, President Chief Banking Officer, Director
Richard Thurmond, Director
Edward Ziff, Executive Chairman of the Board, CEO
Howard Jung, Independent Director
Jeffrey Benson, Director
Anne Conner, President - TowneBank, Williamsburg, Director
Edward Baynor, Director
Elizabeth Patterson, Director
William Morrison, Director of Town Bank, Chairman and CEO of TowneBank Mortgage and Realty Group, a Division of TowneBank
Richard Lewis, Property Director, Executive Director
Jeffrey Dyckman, President of Towne Business Strategy
Herbert Hamlet, President - TowneBank, Chesapeake
William Copeland, Director Emeritus
Thomas Rueger, Senior Executive Vice President
Thomas Hasty, Executive Vice President - Risk Management
Elizabeth Robertson, Independent Director
Ian Marcus, Non-Executive Director
Neal Crawford, President Director
Paul Fraim, Director
Una Oliver, Executive Vice President - Marketing/Retail Banking
Thomas Norment, Director
Robert Hatley, Director
J Carter, President of TowneBank Mortgage
Morgan Davis, President, Chief Banking Officer and Director
Juan Montero, Director
John Failes, Vice Chairman of the Board
William Littreal, Chief Strategy Officer and Sr. Executive VP
Clyde McFarland, Chief Financial officer and Sr. Executive VP
Stephanie Marioneaux, Director
Brad CPA, COO Pres
Paul Huberman, Non-Executive Director
William Foster, President TowneBank of Virginia Beach, Director
Thomas Broyles, Vice Chairman of the Board
William Lewis, Director
Lewis Wood, Director
Dwight Schaubach, Director
William Hodsden, Director Emeritus
Dawn Glynn, Executive Vice President Director - Private Banking
Kevin Fly, Senior Executive Vice President Chief Accounting Officer
John Matson, President TowneBank of Norfolk
George Whitley, Senior Executive Vice President and Chief Legal Officer
Jacqueline Amato, Director, Chairman of Townebank Mortgage and CEO of Townebank Mortgage
Ben Ziff, Managing Director Citi Park and TCS Energy and Executive Director,
Denys Diaz, Senior Officer
Wayne Sawyer, Director
Brad Schwartz, COO, Senior Executive Vice President Director
Alan Witt, Director
Andrew Fine, Director
Sandra Ferebee, Director Emeritus
Ernest Hardee, Vice Chairman of the Board
Paul Robinett, President - TowneBank, Portsmouth, Director
Robert Aston, Executive Chairman
Richard Morgan, Director
Robert Oman, Director
Brian Skinner, President - TowneBank, Peninsula
Mark Dilley, Finance Director, Executive Director
John Lawson, Director
Philip Rudisill, Senior Executive Vice President and Chief Credit Officer
Harry Lester, Director
Keith Horton, Senior Executive Vice President Chief Administrative Officer
William Sessoms, President and CEO - Towne Financial Services , Director
John Baiocco, Senior Executive Vice President and Senior Lending Officer, TowneBank of Norfolk
Gordon Gentry, Director
Matthew Davis, President Paragon Bank, A Division of TowneBank
Alan Lindauer, Director
James Bradner, Executive Towneinsurance
R Owens, 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Towne Bank in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Towne Bank's short interest history, or implied volatility extrapolated from Towne Bank options trading.

Currently Active Assets on Macroaxis

When determining whether Towne Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Towne Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Towne Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Towne Bank Stock:
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 tightly coupled 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.
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When running Towne Bank's price analysis, check to measure Towne Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Towne Bank is operating at the current time. Most of Towne Bank's value examination focuses on studying past and present price action to predict the probability of Towne Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Towne Bank's price. Additionally, you may evaluate how the addition of Towne Bank to your portfolios can decrease your overall portfolio volatility.
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Is Towne Bank's industry 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
(0.40)
Dividend Share
0.98
Earnings Share
2.06
Revenue Per Share
9.049
Quarterly Revenue Growth
(0.09)
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.