Towne Bank (NASDAQ:TOWN) Releases Earnings Results, Misses Expectations By $0.17 EPS

22 Apr 2026, 18:08 by Teresa Graham · The Cerbat Gem

Towne Bank (NASDAQ:TOWN – Get Free Report) announced its quarterly earnings data on Wednesday. The bank reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.17), Zacks reports. Towne Bank had a net margin of 15.12% and a return on equity of 9.95%.

Towne Bank Stock Performance

NASDAQ TOWN traded down $0.20 on Wednesday, hitting $35.45. The stock had a trading volume of 323,174 shares, compared to its average volume of 504,918. Towne Bank has a one year low of $31.91 and a one year high of $37.86. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.02. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 16.11 and a beta of 0.72. The company’s 50-day moving average is $34.45 and its two-hundred day moving average is $34.30.

Towne Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders 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%.

Wall Street Analysts Forecast Growth

TOWN has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Towne Bank in a research report on Wednesday, January 21st. Zacks Research raised shares of Towne Bank from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.00.

Get Our Latest Report on Towne Bank

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in Towne Bank by 931.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 753 shares of the bank’s stock worth $26,000 after purchasing an additional 680 shares during the last quarter. Quantbot Technologies LP bought a new position in Towne Bank in the 2nd quarter worth about $30,000. Los Angeles Capital Management LLC bought a new position in Towne Bank in the 4th quarter worth about $42,000. Comerica Bank grew its position in Towne Bank by 199.8% in the 3rd quarter. Comerica Bank now owns 1,676 shares of the bank’s stock worth $58,000 after purchasing an additional 1,117 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in Towne Bank in the 4th quarter worth about $93,000. Institutional investors own 55.99% of the company’s stock.

About Towne Bank

(Get Free Report)

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.