Seidman Lawrence B buys $18,363,596 stake in TowneBank (TOWN)

TowneBank (TOWN) : Seidman Lawrence B scooped up 35,300 additional shares in TowneBank during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 897,098 shares of TowneBank which is valued at $18,363,596.TowneBank makes up approximately 11.93% of Seidman Lawrence B’s portfolio.

Other Hedge Funds, Including , Mendon Capital Advisors Corp sold out all of its stake in TOWN during the most recent quarter. The investment firm sold 70,000 shares of TOWN which is valued $1,432,900. Ausdal Financial Partners sold out all of its stake in TOWN during the most recent quarter. The investment firm sold 500 shares of TOWN which is valued $10,305.Sheaff Brock Investment Advisors reduced its stake in TOWN by selling 2,916 shares or 5.93% in the most recent quarter. The Hedge Fund company now holds 46,255 shares of TOWN which is valued at $971,355. TowneBank makes up approx 0.12% of Sheaff Brock Investment Advisors’s portfolio.

TowneBank closed down -0.12 points or -0.58% at $20.47 with 1,36,329 shares getting traded on Friday. Post opening the session at $20.52, the shares hit an intraday low of $20.27 and an intraday high of $20.7 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

TowneBank offers retail and commercial banking services to the Greater Hampton Roads region in southeastern Virginia and northeastern North Carolina. The Banking segment provides loan and deposit services to retail and commercial customers. It also provides commercial mortgage brokerage services and a variety of investment and asset management services. The Realty segment provides complete residential real estate services originations of a variety of mortgage loans resort property management and commercial residential title insurance. The Insurance segment provides property and casualty insurance as well as employee and group benefits through Towne Insurance and TFA Benefits. Through Towne Insurance it offers a full line of commercial and consumer insurance products and financial services. Through TFA Benefits it offers health life dental vision and disability plans to employers brokers and individuals.

Leave a Reply

TowneBank - Is it time to Sell?

Top Brokerage Firms are advising their investors on TowneBank. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.