Towne Bank (TOWN) to Release Earnings on Wednesday

Key Points

• Towne Bank will release Q1 2026 results before the market opens on Wednesday, April 22; analysts expect $0.91 EPS and $274.02M in revenue, with the earnings call scheduled for April 23 at 12:30 PM ET.
• In the prior quarter Towne reported $0.70 EPS (missing estimates by $0.01) and revenue of $221.09M, up 25.3% year‑over‑year, and analysts forecast $3.00 EPS for both the current and next fiscal year.
• TOWN trades around $35.62 with a market cap of $2.81B and a P/E of 16.19, recently paid a quarterly dividend of $0.27 (annualized $1.08, yield 3.0%), and carries a consensus rating of Moderate Buy with a $41 price target.

Towne Bank (NASDAQ:TOWN - Get Free Report) is anticipated to release its Q1 2026 results before the market opens on Wednesday, April 22nd. Analysts expect Towne Bank to post earnings of $0.91 per share and revenue of $274.0230 million for the quarter. Interested persons may review the information on the company's upcoming Q1 2026 earning report for the latest details on the call scheduled for Thursday, April 23, 2026 at 12:30 PM ET.

Towne Bank (NASDAQ:TOWN - Get Free Report) last released its earnings results on Friday, January 30th. The bank reported $0.70 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.01). The company had revenue of $221.09 million for the quarter, compared to analysts' expectations of $225.43 million. Towne Bank had a return on equity of 9.95% and a net margin of 15.12%.The firm's revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 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 0.3%

TOWN stock opened at $35.62 on Wednesday. The stock has a market capitalization of $2.81 billion, a P/E ratio of 16.19 and a beta of 0.72. The firm has a 50-day simple moving average of $34.59 and a 200-day simple moving average of $34.25. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.02. Towne Bank has a 52 week low of $30.79 and a 52 week high of $37.86.

Towne Bank Announces Dividend

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

Institutional Trading of Towne Bank

Large investors have recently bought and sold shares of the business. Occudo Quantitative Strategies LP purchased a new stake in shares of Towne Bank in the 3rd quarter valued at approximately $357,000. Tower Research Capital LLC TRC grew its stake in shares of Towne Bank by 314.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,329 shares of the bank's stock valued at $353,000 after buying an additional 7,838 shares during the period. &PARTNERS grew its stake in shares of Towne Bank by 3.2% in the 4th quarter. &PARTNERS now owns 10,428 shares of the bank's stock valued at $348,000 after buying an additional 319 shares during the period. Brevan Howard Capital Management LP purchased a new stake in shares of Towne Bank in the 2nd quarter valued at approximately $337,000. Finally, Prudential Financial Inc. purchased a new stake in shares of Towne Bank in the 2nd quarter valued at approximately $327,000. Hedge funds and other institutional investors own 55.99% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TOWN. Zacks Research raised shares of Towne Bank from a "strong sell" rating to a "hold" rating in a research note on Friday, April 3rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Towne Bank in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Towne Bank presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.

About Towne Bank

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.

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