TowneBank(NASDAQ:TOWN) Declares Dividend of $0.1300.

TowneBank (NASDAQ:TOWN) had declared a cash dividend of $0.1300 on Nov 23, 2016. The shares will quote ex-dividend on Dec 28, 2016 and the record date has been fixed for Dec 30, 2016. On Nov 23, 2016 share price, the yield comes out to be 1.6613%. The dividend payable date has been fixed on Jan 12, 2017.

TowneBank (TOWN) made into the market gainers list on Fridays trading session with the shares advancing 0.94% or 0.3 points. Due to strong positive momentum, the stock ended at $32.15, which is also near the day’s high of $32.15. The stock began the session at $32 and the volume stood at 1,06,493 shares. The 52-week high of the shares is $32.15 and the 52 week low is $16.5. The company has a current market capitalization of $1,661 M and it has 5,16,67,040 shares in outstanding.

TowneBank(TOWN) last announced its earnings results on Oct 27, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $109.43M. Analysts had an estimated revenue of $110.86M. Earnings per share were $0.40. The reported EPS was above estimates by $0.01 or 2.56%. Analysts had estimated an EPS of $0.39.

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.

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