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Towne Bank (NASDAQ:TOWN) announced its earnings results on Thursday. The company reported $0.31 earnings per share for the quarter, StockRatingsNetwork reports.

Towne Bank (NASDAQ:TOWN) traded down 1.10% on Thursday, hitting $15.34. The stock had a trading volume of 30,296 shares. Towne Bank has a one year low of $13.43 and a one year high of $17.34. The stock’s 50-day moving average is $15.52 and its 200-day moving average is $15.11. The company has a market cap of $541.7 million and a P/E ratio of 13.61.

TowneBank is a Virginia-chartered bank. The Company offers retail and commercial banking services to the Greater Hampton Roads region in Southeastern Virginia.

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