Towne Bank $TOWN Shares Acquired by Swiss National Bank

Posted by Brian Himes on Jul 29th, 2026

Swiss National Bank grew its stake in Towne Bank (NASDAQ:TOWN – Free Report) by 13.8% in the first quarter, Holdings Channel.com reports. The firm owned 172,915 shares of the bank’s stock after acquiring an additional 21,000 shares during the quarter. Swiss National Bank’s holdings in Towne Bank were worth $5,822,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TOWN. EverSource Wealth Advisors LLC boosted its stake in Towne Bank by 931.5% during the second quarter. EverSource Wealth Advisors LLC now owns 753 shares of the bank’s stock worth $26,000 after buying an additional 680 shares during the last quarter. Abound Financial LLC acquired a new stake in shares of Towne Bank in the 4th quarter worth $27,000. Quantbot Technologies LP acquired a new stake in shares of Towne Bank in the 2nd quarter worth $30,000. Los Angeles Capital Management LLC purchased a new position in shares of Towne Bank during the 4th quarter worth $42,000. Finally, CrossGen Wealth LLC purchased a new position in shares of Towne Bank during the 4th quarter worth $53,000. Hedge funds and other institutional investors own 55.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and set a $38.00 price objective (down from $42.00) on shares of Towne Bank in a research report on Wednesday, May 6th. Zacks Research raised shares of Towne Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings raised shares of Towne Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 16th. Finally, Hovde Group cut their price target on shares of Towne Bank from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Towne Bank currently has an average rating of “Moderate Buy” and a consensus target price of $39.50.

Read Our Latest Report on Towne Bank

Towne Bank Stock Up 2.2%

Shares of NASDAQ:TOWN opened at $38.63 on Wednesday. The firm has a market capitalization of $3.05 billion, a PE ratio of 10.85 and a beta of 0.69. Towne Bank has a 1 year low of $31.91 and a 1 year high of $38.69. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.89 and a quick ratio of 0.88. The firm’s 50-day moving average is $35.44 and its two-hundred day moving average is $35.07.

Towne Bank (NASDAQ:TOWN – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The bank reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The business had revenue of $245.72 million during the quarter, compared to analysts’ expectations of $245.33 million. Towne Bank had a net margin of 25.64% and a return on equity of 9.99%. Analysts predict that Towne Bank will post 3.09 EPS for the current year.

Towne Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were issued a dividend of $0.28 per share. This is a boost from Towne Bank’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, June 26th. This represents a $1.12 dividend on an annualized basis and a yield of 2.9%. Towne Bank’s dividend payout ratio (DPR) is currently 31.46%.

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.