Towne Bank (NASDAQ:TOWN) declared a quarterly dividend on Tuesday, August 29th, Wall Street Journal reports. Stockholders of record on Friday, September 29th will be given a dividend of 0.14 per share by the bank on Thursday, October 12th. This represents a $0.56 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, September 28th.

Towne Bank (NASDAQ:TOWN) opened at 32.30 on Friday. The stock has a market cap of $2.00 billion, a P/E ratio of 22.12 and a beta of 0.98. Towne Bank has a 1-year low of $23.10 and a 1-year high of $34.55. The stock has a 50 day moving average of $30.91 and a 200 day moving average of $31.08.

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Several equities research analysts have recently commented on TOWN shares. Zacks Investment Research raised shares of Towne Bank from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Wednesday, July 5th. BidaskClub raised shares of Towne Bank from a “sell” rating to a “hold” rating in a report on Saturday, July 1st.

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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