Towne Bank (TOWN) to Release Quarterly Earnings on Wednesday

Towne Bank (NASDAQ:TOWN - Get Free Report) is anticipated to post its Q2 2025 quarterly earnings results before the market opens on Wednesday, July 23rd. Analysts expect Towne Bank to post earnings of $0.69 per share and revenue of $202.18 million for the quarter.

Towne Bank (NASDAQ:TOWN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.68 EPS for the quarter, beating the consensus estimate of $0.61 by $0.07. The firm had revenue of $190.04 million during the quarter, compared to analyst estimates of $191.29 million. Towne Bank had a net margin of 17.15% and a return on equity of 8.27%. The company's revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. 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 Performance

NASDAQ:TOWN traded down $0.31 on Friday, hitting $35.93. The stock had a trading volume of 260,458 shares, compared to its average volume of 254,350. Towne Bank has a 1 year low of $29.43 and a 1 year high of $38.28. The firm's fifty day simple moving average is $34.58 and its two-hundred day simple moving average is $34.34. The stock has a market cap of $2.69 billion, a P/E ratio of 15.22 and a beta of 0.80.

Towne Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were given a dividend of $0.27 per share. This is an increase from Towne Bank's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Friday, June 27th. Towne Bank's dividend payout ratio is currently 45.76%.

Analysts Set New Price Targets

Several research analysts recently commented on TOWN shares. Wall Street Zen raised shares of Towne Bank from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Hovde Group raised their price objective on shares of Towne Bank from $38.00 to $39.00 and gave the stock an "outperform" rating in a report on Monday, April 28th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TOWN. AQR Capital Management LLC raised its position in shares of Towne Bank by 32.3% during the 1st quarter. AQR Capital Management LLC now owns 34,996 shares of the bank's stock valued at $1,197,000 after buying an additional 8,538 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Towne Bank by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,837 shares of the bank's stock valued at $1,430,000 after buying an additional 1,837 shares in the last quarter. Millennium Management LLC raised its position 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 valued at $13,052,000 after buying an additional 137,988 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Towne Bank by 4.7% during the 1st 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 buying an additional 7,115 shares in the last quarter. Finally, Jane Street Group LLC raised 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. 55.99% of the stock is owned by institutional investors.

Towne Bank Company Profile

TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals. The company operates through three segments: Banking, Realty, and Insurance. It accepts various deposits, including demand deposits, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts.