Towne Bank (TOWN) Projected to Post Quarterly Earnings on Wednesday

Towne Bank (NASDAQ:TOWN) is anticipated to announce its Q1 2026 results before the market opens on Wednesday, April 22nd. Analysts expect the company to announce earnings of $0.91 per share and revenue of $274.0230 million for the quarter. Investors may review the information on the company’s upcoming Q1 2026 earning report for the latest details on the call scheduled for Thursday, April 30, 2026 at 12:30 PM ET.

Towne Bank (NASDAQ:TOWN) last released its quarterly earnings results on Friday, January 30th. The bank reported $0.70 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.01). Towne Bank had a net margin of 15.12% and a return on equity of 9.95%. The business had revenue of $221.09 million during the quarter, compared to analysts’ expectations of $225.43 million. During the same quarter last year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. On average, analysts expect Towne Bank to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Towne Bank Stock Down 0.5%

TOWN stock opened at $36.12 on Tuesday. The company has a fifty day moving average price of $34.47 and a 200 day moving average price of $34.29. Towne Bank has a 12 month low of $31.04 and a 12 month high of $37.86. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 16.42 and a beta of 0.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.87 and a quick ratio of 0.86.

Towne Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Tuesday, March 31st were given a $0.27 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.08 annualized dividend and a yield of 3.0%. Towne Bank’s dividend payout ratio is 49.09%.

Analyst Ratings Changes

Several analysts recently commented on TOWN shares. Zacks Research upgraded shares of Towne Bank from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Towne Bank in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new position in Towne Bank during the fourth quarter worth about $93,000. Voloridge Investment Management LLC purchased a new position in Towne Bank during the fourth quarter worth about $568,000. Wellington Management Group LLP raised its holdings in Towne Bank by 4.6% during the fourth quarter. Wellington Management Group LLP now owns 471,313 shares of the bank’s stock worth $15,728,000 after purchasing an additional 20,740 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in Towne Bank during the fourth quarter worth about $533,000. Finally, Numerai GP LLC purchased a new position in Towne Bank during the fourth quarter worth about $1,859,000. 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.