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TowneBank (NASDAQ:TOWN) announced a quarterly dividend on Thursday, August 28th, AmericanBankingNews.com reports. Investors of record on Friday, September 26th will be paid a dividend of 0.11 per share on Friday, October 10th. This represents a $0.44 annualized dividend and a dividend yield of 3.01%.

TowneBank (NASDAQ:TOWN) traded down 1.37% during mid-day trading on Thursday, hitting $14.42. The stock had a trading volume of 47,890 shares. TowneBank has a 1-year low of $13.66 and a 1-year high of $16.70. The stock’s 50-day moving average is $14.99 and its 200-day moving average is $15.34. The company has a market cap of $512.0 million and a P/E ratio of 12.35.

TowneBank (NASDAQ:TOWN) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.33 earnings per share for the quarter.

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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