Towne Bank (NASDAQ:TOWN) Announces Dividend Increase – $0.28 Per Share

Posted by on May 21st, 2026

Towne Bank (NASDAQ:TOWN – Get Free Report) announced a quarterly dividend on Wednesday, May 20th. Investors of record on Friday, June 26th will be given a dividend of 0.28 per share by the bank on Friday, July 10th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, June 26th. This is a 3.7% increase from Towne Bank’s previous quarterly dividend of $0.27.

Towne Bank has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Towne Bank has a payout ratio of 31.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Towne Bank to earn $3.45 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 31.3%.

Towne Bank Price Performance

Shares of NASDAQ TOWN opened at $34.61 on Thursday. The business’s 50 day moving average price is $34.37 and its two-hundred day moving average price is $34.49. The company has a market cap of $2.73 billion, a PE ratio of 17.48 and a beta of 0.72. 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 twelve month low of $31.91 and a twelve month high of $37.86.

Towne Bank (NASDAQ:TOWN – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.74 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.74. The firm had revenue of $247.62 million for the quarter, compared to the consensus estimate of $274.02 million. Towne Bank had a return on equity of 10.48% and a net margin of 13.51%.The business’s revenue was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. On average, analysts predict that Towne Bank will post 3.15 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Zacks Research downgraded Towne Bank from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Hovde Group lowered their price target on Towne Bank from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Monday, April 27th. Weiss Ratings downgraded Towne Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $38.00 target price (down from $42.00) on shares of Towne Bank in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, one has given 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 a consensus target price of $39.50.

Check Out Our Latest Analysis on TOWN

Towne Bank Company Profile

(Get 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.

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Dividend History for Towne Bank (NASDAQ:TOWN)

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