Stocks on the Run: TowneBank (NASDAQ:TOWN), Targa Resources Corp (NYSE:TRGP)

On Friday, Shares of TowneBank (NASDAQ:TOWN), included 1.48% and shut at $30.90 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $30.40 and $31.20. The business’ commercial center capitalization is $1.99 Billion with the aggregate fabulous loads of 62.39 million. TowneBank provides retail and commercial banking services for small- and medium-size businesses, professionals, and individuals. The company operates in three segments: Banking, Realty, and Insurance. It accepts various deposits products, counting checking accounts, negotiable order of withdrawal accounts, savings accounts, time and demand deposits, money market accounts, certificates of deposit, and individual retirement accounts. The company also offers secured and unsecured personal loans for financing automobiles, home improvements, education, and personal investments; commercial loans for working capital, business expansion, and equipment and machinery purchases; mortgage loans; and real estate construction and acquisition loans. It also provides safe deposit boxes, cash administration services, travelers’ checks, direct deposit of payroll and social security checks, and automatic drafts for various accounts, in addition to Internet, mobile, and on-call banking services. In addition, the company offers documentation services to accomplish tax deferral to shareholders; asset administration and commercial mortgage brokerage services; and other financial services, such as financial, retirement, and estate planning services, in addition to assistance on various investment options, such as alternative investments, annuities, margin accounts, convertible bonds, and pension and profit sharing plans. Further, it provides residential real estate, relocation, property administration, vacations rental, and title and settlement services; and originates residential mortgage loans. In Addition To, the company offers life, property, casualty, and vehicle insurance services; travel, medical, and baggage protection insurance for travelers; and employee benefit programs, such as medical, dental, vision, and disability insurance.

Shares of Targa Resources Corp (NYSE:TRGP), added 1.00% and shut at $50.44 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $49.58 and $50.85. The association’s commercial center capitalization is $9.21 Billion with the general uncommon loads of 180.83 million. Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) (NYSE:NGLS PRA) declared its monthly distribution on the Partnership’s 9.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (“Series A Preferred Units”) for November 2016.

Targa Resources Partners LP declared recently that the board of directors of its general partner has declared a monthly cash distribution of 18.75¢ per Series A Preferred Unit, or $2.25 per Series A Preferred Unit on an annualized basis, for November 2016. This cash distribution will be paid December 15, 2016 on all outstanding Series A Preferred Units to holders of record as of the close of business on November 30, 2016.

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