TowneBank (NASDAQ:TOWN – Get Free Report) announced its quarterly earnings data on Wednesday. The bank reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02, Briefing.com reports. TowneBank had a return on equity of 7.56% and a net margin of 15.33%. During the same quarter last year, the firm posted $0.60 EPS.
TowneBank Trading Down 3.1 %
Shares of NASDAQ:TOWN traded down $1.07 during trading on Thursday, reaching $32.90. 368,235 shares of the company traded hands, compared to its average volume of 251,070. TowneBank has a 52-week low of $21.66 and a 52-week high of $35.74. The business’s fifty day moving average is $33.64 and its 200-day moving average is $30.12. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 16.29 and a beta of 0.89.
TowneBank Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were given a $0.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.00 annualized dividend and a yield of 3.04%. TowneBank’s payout ratio is currently 49.51%.
Analyst Ratings Changes
Check Out Our Latest Report on TowneBank
About TowneBank
TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals. The company operates through three segments: Banking, Realty, and Insurance. It accepts various deposits, including demand deposits, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts.
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