Towne Bank (TOWN) To Go Ex-Dividend on September 25th

Posted by Casey Walker on Aug 28th, 2026

Towne Bank (NASDAQ:TOWN – Get Free Report) declared a quarterly dividend on Wednesday, August 26th. Shareholders of record on Friday, September 25th will be given a dividend of 0.28 per share by the bank on Friday, October 9th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, September 25th.

Towne Bank has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 13 years. Towne Bank has a dividend payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Towne Bank to earn $3.40 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 32.9%.

Towne Bank Trading Down 0.4%

Shares of TOWN opened at $37.37 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.90 and a quick ratio of 0.88. Towne Bank has a 1 year low of $31.91 and a 1 year high of $39.03. The company has a 50 day simple moving average of $36.91 and a two-hundred day simple moving average of $35.39. The firm has a market cap of $2.95 billion, a P/E ratio of 10.50 and a beta of 0.69.

Towne Bank (NASDAQ:TOWN – Get Free Report) last released its earnings results on Thursday, July 23rd. The bank reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). Towne Bank had a return on equity of 9.60% and a net margin of 25.64%.The company had revenue of $245.72 million during the quarter, compared to analysts’ expectations of $245.33 million. On average, equities analysts expect that Towne Bank will post 3.09 earnings per share for the current fiscal year.

About Towne Bank

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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.