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.

WARNING: “Towne Bank (TOWN) Announces Quarterly Dividend of $0.14” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another publication, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/11/23/towne-bank-town-announces-quarterly-dividend-of-0-14.html.

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)

Receive News & Stock Ratings for Towne Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Towne Bank and related stocks with our FREE daily email newsletter.