Towne Bank (TOWN) to Release Quarterly Earnings on Wednesday

Towne Bank (NASDAQ:TOWN) will likely be announcing its Q2 2026 results before the market opens on Wednesday, July 22nd. Analysts expect the company to post earnings of $0.76 per share and revenue of $245.3320 million for the quarter. Interested persons may visit the the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, July 30, 2026 at 12:30 PM ET.

Towne Bank (NASDAQ:TOWN) last announced its earnings results on Wednesday, April 22nd. The bank reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $247.62 million during the quarter, compared to analysts’ expectations of $274.02 million. Towne Bank had a return on equity of 9.91% and a net margin of 13.51%.The company’s quarterly revenue was up 34.6% on a year-over-year basis. During the same quarter last year, the business posted $0.68 earnings per share. 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 Price Performance

NASDAQ:TOWN opened at $36.56 on Monday. The business’s 50-day moving average price is $35.06 and its 200 day moving average price is $34.92. The firm has a market cap of $2.89 billion, a P/E ratio of 18.46 and a beta of 0.69. Towne Bank has a 52-week low of $31.91 and a 52-week high of $37.86. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.07.

Towne Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, June 26th. This is a positive change from Towne Bank’s previous quarterly dividend of $0.27. Towne Bank’s dividend payout ratio is currently 56.57%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TOWN shares. Hovde Group reduced their price objective on shares of Towne Bank from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Monday, April 27th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $38.00 target price (down from $42.00) on shares of Towne Bank in a report on Wednesday, May 6th. Weiss Ratings raised shares of Towne Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Finally, Zacks Research upgraded shares of Towne Bank from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.50.

Institutional Investors Weigh In On Towne Bank

Several hedge funds have recently modified their holdings of TOWN. &PARTNERS lifted its position in shares of Towne Bank by 3.2% in the 4th quarter. &PARTNERS now owns 10,428 shares of the bank’s stock valued at $348,000 after acquiring an additional 319 shares in the last quarter. California State Teachers Retirement System grew its position in Towne Bank by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 68,857 shares of the bank’s stock worth $2,354,000 after purchasing an additional 503 shares in the last quarter. Royal Bank of Canada raised its stake in Towne Bank by 5.0% during the 4th quarter. Royal Bank of Canada now owns 14,246 shares of the bank’s stock valued at $475,000 after purchasing an additional 674 shares during the period. EverSource Wealth Advisors LLC raised its stake in Towne Bank by 931.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 753 shares of the bank’s stock valued at $26,000 after purchasing an additional 680 shares during the period. Finally, Inspire Investing LLC lifted its holdings in shares of Towne Bank by 5.9% in the fourth quarter. Inspire Investing LLC now owns 13,939 shares of the bank’s stock valued at $465,000 after purchasing an additional 780 shares in the last quarter. 55.99% of the stock is owned by hedge funds and other institutional investors.

Towne Bank Company Profile

TowneBank is a Virginia‐based financial services company organized as a bank holding company. Its primary subsidiary, TowneBank, operates a network of community banking offices and mortgage production facilities. The company offers a comprehensive range of commercial and consumer banking solutions, including deposit accounts, lending products, treasury management, and private banking services tailored to individuals, small businesses, and middle‐market corporations.

In addition to traditional banking, TowneBank provides specialty services through affiliated subsidiaries.