Towne Bank (TOWN) Projected to Post Earnings on Wednesday

Towne Bank (NASDAQ:TOWN) is expected to be posting its Q2 2025 quarterly earnings results before the market opens on Wednesday, July 23rd. Analysts expect Towne Bank to post earnings of $0.69 per share and revenue of $202.18 million for the quarter.

Towne Bank (NASDAQ:TOWN) last issued its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. Towne Bank had a net margin of 17.15% and a return on equity of 8.27%. The firm had revenue of $190.04 million for the quarter, compared to analyst estimates of $191.29 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, analysts expect Towne Bank to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Towne Bank Stock Performance

TOWN stock opened at $34.77 on Wednesday. The firm has a market cap of $2.61 billion, a P/E ratio of 14.73 and a beta of 0.80. Towne Bank has a 52 week low of $29.43 and a 52 week high of $38.28. The firm’s fifty day moving average is $34.45 and its 200 day moving average is $34.30.

Towne Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.11%. This is a boost from Towne Bank’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, June 27th. Towne Bank’s dividend payout ratio (DPR) is currently 45.76%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC raised its position in shares of Towne Bank by 32.3% in the 1st quarter. AQR Capital Management LLC now owns 34,996 shares of the bank’s stock valued at $1,197,000 after purchasing an additional 8,538 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Towne Bank by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,837 shares of the bank’s stock valued at $1,430,000 after purchasing an additional 1,837 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Towne Bank by 39.9% in the 1st quarter. Intech Investment Management LLC now owns 50,437 shares of the bank’s stock valued at $1,724,000 after purchasing an additional 14,386 shares during the last quarter. Jane Street Group LLC increased its holdings in Towne Bank by 1,220.9% in the 1st quarter. Jane Street Group LLC now owns 157,411 shares of the bank’s stock worth $5,382,000 after buying an additional 145,494 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Towne Bank by 4.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,713 shares of the bank’s stock worth $5,392,000 after buying an additional 7,115 shares during the period. 55.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on TOWN shares. Wall Street Zen raised shares of Towne Bank from a “sell” rating to a “hold” rating in a report on Friday, May 30th. Hovde Group lifted their target price on shares of Towne Bank from $38.00 to $39.00 and gave the stock an “outperform” rating in a report on Monday, April 28th.

Towne Bank Company Profile

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.