Towne Bank (NASDAQ:TOWN) announced a quarterly dividend on Wednesday, November 22nd, Zacks reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.14 per share by the bank on Friday, January 12th. This represents a $0.56 annualized dividend and a yield of 1.68%. The ex-dividend date is Thursday, December 28th.

Towne Bank (NASDAQ TOWN) traded down $0.35 during midday trading on Thursday, reaching $33.30. 106,500 shares of the company’s stock traded hands, compared to its average volume of 150,697. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 0.96. Towne Bank has a 1 year low of $28.55 and a 1 year high of $35.30. The company has a market capitalization of $2,105.55, a price-to-earnings ratio of 22.28 and a beta of 1.00.

Towne Bank (NASDAQ:TOWN) last posted its quarterly earnings results on Thursday, October 26th. The bank reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.01). Towne Bank had a return on equity of 8.49% and a net margin of 19.55%. The firm had revenue of $115.34 million for the quarter, compared to the consensus estimate of $118.96 million. sell-side analysts expect that Towne Bank will post 1.57 EPS for the current fiscal year.

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Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Towne Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Piper Jaffray Companies set a $34.00 price objective on shares of Towne Bank and gave the company a “hold” rating in a research report on Tuesday, October 31st.

Towne Bank Company Profile

TowneBank is a community bank. The Bank offers personal banking services and business banking services. The Bank operates through three segments: Banking, Realty and Insurance. The Banking segment provides loan and deposit services to retail and commercial customers. The Realty segment provides residential real estate services, originations of a range of mortgage loans, resort property management, and residential and commercial title insurance.

Dividend History for Towne Bank (NASDAQ:TOWN)

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