Towne Bank (NASDAQ:TOWN) is scheduled to release its earnings data on Wednesday, July 26th. Analysts expect Towne Bank to post earnings of $0.40 per share for the quarter.

Towne Bank (NASDAQ:TOWN) last issued its quarterly earnings results on Thursday, April 27th. The bank reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by $0.02. Towne Bank had a return on equity of 7.79% and a net margin of 16.31%. The business had revenue of $105.17 million for the quarter, compared to analysts’ expectations of $107.55 million. On average, analysts expect Towne Bank to post $1.57 EPS for the current fiscal year and $1.95 EPS for the next fiscal year.

Towne Bank (NASDAQ:TOWN) opened at 30.05 on Wednesday. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 25.25 and a beta of 0.97. Towne Bank has a 52 week low of $22.48 and a 52 week high of $34.55. The firm’s 50 day moving average price is $30.09 and its 200-day moving average price is $31.85.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Shareholders of record on Friday, June 30th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.86%. This is a boost from Towne Bank’s previous quarterly dividend of $0.13. The ex-dividend date was Wednesday, June 28th. Towne Bank’s payout ratio is presently 47.86%.

ILLEGAL ACTIVITY NOTICE: “Towne Bank (TOWN) to Release Quarterly Earnings on Wednesday” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/07/19/towne-bank-town-to-release-quarterly-earnings-on-wednesday.html.

TOWN has been the topic of several research analyst reports. BidaskClub cut shares of Towne Bank from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Piper Jaffray Companies initiated coverage on shares of Towne Bank in a research report on Friday, March 31st. They set a “neutral” rating and a $31.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Towne Bank from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Tuesday, March 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Towne Bank presently has an average rating of “Hold” and an average target price of $29.67.

Towne Bank Company Profile

TowneBank is a community bank. The Bank offers personal banking services and business banking services. The Bank operates through three segments: Banking, Realty and Insurance. The Banking segment provides loan and deposit services to retail and commercial customers. The Realty segment provides residential real estate services, originations of a range of mortgage loans, resort property management, and residential and commercial title insurance.

Earnings History for Towne Bank (NASDAQ:TOWN)

Receive News & Ratings for Towne Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Towne Bank and related companies with MarketBeat.com's FREE daily email newsletter.