Towne Bank (TOWN) Expected to Announce Earnings on Wednesday
by Scott Moore · The Cerbat GemTowne Bank (NASDAQ:TOWN – Get Free Report) will likely be posting 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. Individuals may visit the the company’s upcoming Q1 2026 earning results page for the latest details on the call scheduled for Thursday, April 30, 2026 at 12:30 PM ET.
Towne Bank (NASDAQ:TOWN – Get Free Report) last issued its quarterly earnings results on Friday, January 30th. The bank reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.01). Towne Bank had a net margin of 15.12% and a return on equity of 9.95%. The firm had revenue of $221.09 million for the quarter, compared to analysts’ expectations of $225.43 million. During the same period in the prior year, the firm earned $0.55 EPS. Towne Bank’s revenue for the quarter was up 25.3% compared to the same quarter last year. 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 Price Performance
Shares of NASDAQ:TOWN opened at $36.31 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.87 and a quick ratio of 0.86. Towne Bank has a 1-year low of $31.04 and a 1-year high of $37.86. The company has a market capitalization of $2.87 billion, a P/E ratio of 16.50 and a beta of 0.72. The firm’s 50 day simple moving average is $34.49 and its two-hundred day simple moving average is $34.28.
Towne Bank Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.08 annualized dividend and a yield of 3.0%. Towne Bank’s payout ratio is currently 49.09%.
Hedge Funds Weigh In On Towne Bank
Several hedge funds have recently modified their holdings of TOWN. AQR Capital Management LLC lifted its holdings in shares of Towne Bank by 32.3% in the first quarter. AQR Capital Management LLC now owns 34,996 shares of the bank’s stock worth $1,197,000 after buying an additional 8,538 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Towne Bank by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,837 shares of the bank’s stock worth $1,430,000 after buying an additional 1,837 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Towne Bank by 56.6% in the first quarter. Millennium Management LLC now owns 381,761 shares of the bank’s stock worth $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 lifted its holdings in shares of Towne Bank by 4.7% in the first 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 buying an additional 7,115 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Towne Bank by 1,220.9% in the first quarter. Jane Street Group LLC now owns 157,411 shares of the bank’s stock worth $5,382,000 after buying an additional 145,494 shares in the last quarter. Hedge funds and other institutional investors own 55.99% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Towne Bank in a report on Wednesday, January 21st. Zacks Research raised shares of Towne Bank from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.
Check Out Our Latest Stock Analysis on TOWN
Towne Bank Company Profile
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.