Towne Bank (NASDAQ:TOWN) Stock Price Breaks Below Two Hundred Day Moving Average – Time to Sell?

24 Oct 2026, 21:00 by Mitch Edgeman · The Markets Daily

Shares of Towne Bank (NASDAQ:TOWN – Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $35.97 and traded as low as $35.69. Towne Bank shares last traded at $36.74, with a volume of 631,590 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TOWN shares. Weiss Ratings cut shares of Towne Bank from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, October 2nd. Zacks Research raised shares of Towne Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.50.

Read Our Latest Research Report on Towne Bank

Towne Bank Price Performance

The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.89 billion, a P/E ratio of 10.28 and a beta of 0.71. The firm has a 50-day simple moving average of $36.54 and a 200-day simple moving average of $35.97.

Towne Bank (NASDAQ:TOWN – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). Towne Bank had a net margin of 25.64% and a return on equity of 9.60%. The company had revenue of $245.72 million during the quarter, compared to analysts’ expectations of $245.33 million. As a group, analysts forecast that Towne Bank will post 3.13 EPS for the current year.

Towne Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were given a $0.28 dividend. The ex-dividend date of this dividend was Friday, September 25th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.1%. Towne Bank’s dividend payout ratio is currently 31.46%.

Institutional Investors Weigh In On Towne Bank

A number of hedge funds and other institutional investors have recently modified their holdings of TOWN. Public Employees Retirement System of Ohio acquired a new stake in Towne Bank during the 2nd quarter worth $33,000. Farther Finance Advisors LLC boosted its stake in Towne Bank by 75.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 990 shares of the bank’s stock worth $35,000 after purchasing an additional 425 shares during the period. Nykredit A S acquired a new stake in Towne Bank during the 2nd quarter worth $45,000. Fifth Third Bancorp acquired a new stake in Towne Bank during the 1st quarter worth $68,000. Finally, Signaturefd LLC grew its position in Towne Bank by 28.0% during the 3rd quarter. Signaturefd LLC now owns 2,856 shares of the bank’s stock worth $102,000 after purchasing an additional 625 shares during the last quarter. 55.99% of the stock is currently owned by institutional investors and hedge funds.

About Towne Bank

(Get Free Report)

TowneBank is a financial services company headquartered in coastal Virginia. Founded in 1999, the company operates as a community-focused banking organization serving individuals, families and businesses in southeastern Virginia and northeastern North Carolina.

Through its banking operations, TowneBank offers deposit accounts, consumer and commercial lending, mortgages, cash-management services, online and mobile banking, and other traditional financial products. Its business banking services support companies with commercial real estate financing, business loans, treasury management and related banking needs.