De Lisle Partners LLP Sells 39,894 Shares of Towne Bank $TOWN

Posted by Brenda Bartman on Jun 13th, 2026

De Lisle Partners LLP lowered its holdings in shares of Towne Bank (NASDAQ:TOWN – Free Report) by 34.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 76,731 shares of the bank’s stock after selling 39,894 shares during the period. De Lisle Partners LLP owned about 0.10% of Towne Bank worth $2,561,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of Towne Bank by 931.5% during the second quarter. EverSource Wealth Advisors LLC now owns 753 shares of the bank’s stock valued at $26,000 after acquiring an additional 680 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Towne Bank during the second quarter valued at $30,000. Los Angeles Capital Management LLC bought a new position in shares of Towne Bank during the fourth quarter valued at $42,000. Comerica Bank raised its stake in shares of Towne Bank by 199.8% during the third quarter. Comerica Bank now owns 1,676 shares of the bank’s stock valued at $58,000 after acquiring an additional 1,117 shares during the last quarter. Finally, Assetmark Inc. bought a new position in shares of Towne Bank during the third quarter valued at $69,000. Institutional investors own 55.99% of the company’s stock.

Analyst Ratings Changes

TOWN has been the subject of several analyst reports. Weiss Ratings downgraded shares of Towne Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $38.00 price target (down from $42.00) on shares of Towne Bank in a research note on Wednesday, May 6th. Zacks Research downgraded shares of Towne Bank from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. Finally, Hovde Group dropped their price target on shares of Towne Bank from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Towne Bank currently has an average rating of “Hold” and an average target price of $39.50.

Check Out Our Latest Stock Analysis on Towne Bank

Towne Bank Price Performance

Shares of NASDAQ TOWN opened at $35.67 on Friday. Towne Bank has a twelve month low of $31.91 and a twelve month high of $37.86. The firm has a fifty day simple moving average of $34.77 and a 200 day simple moving average of $34.66. The company has a market capitalization of $2.82 billion, a PE ratio of 18.02 and a beta of 0.70. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.07.

Towne Bank (NASDAQ:TOWN – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The bank reported $0.74 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.74. Towne Bank had a net margin of 13.51% and a return on equity of 9.91%. The business had revenue of $247.62 million during the quarter, compared to the consensus estimate of $274.02 million. During the same quarter last year, the firm earned $0.68 earnings per share. Towne Bank’s quarterly revenue was up 34.6% on a year-over-year basis. On average, sell-side analysts forecast that Towne Bank will post 3.15 EPS for the current year.

Towne Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a dividend of $0.28 per share. This is a boost from Towne Bank’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, June 26th. Towne Bank’s payout ratio is 54.55%.

Towne Bank Profile

(Free Report)

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.