Towne Bank (TOWN) to Release Quarterly Earnings on Wednesday

Towne Bank (NASDAQ:TOWN) is anticipated to release its Q2 2026 results before the market opens on Wednesday, July 22nd. Analysts expect the company to announce earnings of $0.76 per share and revenue of $245.3320 million for the quarter. Parties can find conference call details on the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Thursday, July 23, 2026 at 12:30 PM ET.

Towne Bank (NASDAQ:TOWN) last released its earnings results on Wednesday, April 22nd. The bank reported $0.74 EPS for the quarter, meeting analysts’ consensus estimates of $0.74. The business had revenue of $247.62 million for 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 firm’s revenue was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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 Stock Down 0.3%

TOWN opened at $35.76 on Wednesday. The business’s fifty day simple moving average is $34.96 and its 200 day simple moving average is $34.86. 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. The stock has a market cap of $2.82 billion, a PE ratio of 18.06 and a beta of 0.69.

Towne Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, June 26th. This is an increase from Towne Bank’s previous quarterly dividend of $0.27. Towne Bank’s dividend payout ratio (DPR) is currently 56.57%.

Analysts Set New Price Targets

Several equities analysts have recently commented on TOWN shares. Zacks Research upgraded Towne Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Hovde Group lowered their price target on shares of Towne Bank from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Weiss Ratings downgraded Towne Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $38.00 price objective (down from $42.00) on shares of Towne Bank in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.50.

Hedge Funds Weigh In On Towne Bank

Several large investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings in Towne Bank by 32.3% in the first quarter. AQR Capital Management LLC now owns 34,996 shares of the bank’s stock worth $1,197,000 after buying an additional 8,538 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 worth $1,430,000 after purchasing an additional 1,837 shares during the period. Millennium Management LLC boosted its stake in shares of Towne Bank by 56.6% during the 1st quarter. Millennium Management LLC now owns 381,761 shares of the bank’s stock worth $13,052,000 after acquiring an additional 137,988 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Towne Bank by 4.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,713 shares of the bank’s stock valued at $5,392,000 after purchasing an additional 7,115 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Towne Bank by 1,220.9% during the 1st quarter. Jane Street Group LLC now owns 157,411 shares of the bank’s stock valued at $5,382,000 after buying an additional 145,494 shares in the last quarter. Hedge funds and other institutional investors own 55.99% of the company’s stock.

About Towne Bank

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.