Towne Bank (TOWN) Expected to Announce 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 announced its earnings results on Wednesday, April 23rd. The bank reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. The business had revenue of $190.04 million during the quarter, compared to the consensus estimate of $191.29 million. Towne Bank had a return on equity of 8.27% and a net margin of 17.15%. The business's quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the company 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 Down 0.9%

Shares of TOWN stock traded down $0.31 during trading hours on Friday, hitting $35.93. 260,458 shares of the company's stock were exchanged, compared to its average volume of 254,350. The firm has a market cap of $2.69 billion, a P/E ratio of 15.22 and a beta of 0.80. The firm has a 50 day moving average of $34.58 and a two-hundred day moving average of $34.34. Towne Bank has a fifty-two week low of $29.43 and a fifty-two week high of $38.28.

Towne Bank Increases Dividend

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wall Street Zen raised Towne Bank from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Hovde Group increased their price objective on Towne Bank from $38.00 to $39.00 and gave the company an "outperform" rating in a research note on Monday, April 28th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TOWN. Jane Street Group LLC raised its stake in Towne Bank by 1,220.9% in the 1st quarter. Jane Street Group LLC now owns 157,411 shares of the bank's stock valued at $5,382,000 after purchasing an additional 145,494 shares during the last quarter. Millennium Management LLC grew its holdings 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 purchasing an additional 137,988 shares during the period. Intech Investment Management LLC grew its holdings in shares of Towne Bank by 39.9% during the 1st quarter. Intech Investment Management LLC now owns 50,437 shares of the bank's stock worth $1,724,000 after purchasing an additional 14,386 shares during the period. AQR Capital Management LLC grew its holdings 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 worth $1,197,000 after purchasing an additional 8,538 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings 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 worth $5,392,000 after purchasing an additional 7,115 shares during the period. 55.99% of the stock is owned by institutional investors and hedge funds.

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.