Tompkins Financial (NYSEAMERICAN:TMP) Posts Quarterly Earnings Results, Beats Estimates By $0.20 EPS

Tompkins Financial (NYSEAMERICAN:TMP) issued its quarterly earnings data on Friday. The financial services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.20, Zacks reports. Tompkins Financial had a return on equity of 2.18% and a net margin of 4.11%. The company had revenue of $107.02 million for the quarter.

Tompkins Financial Price Performance

Shares of NYSEAMERICAN TMP opened at $63.80 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $918.72 million, a price-to-earnings ratio of 135.74 and a beta of 0.70. Tompkins Financial has a fifty-two week low of $43.09 and a fifty-two week high of $65.54.

Tompkins Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 9th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 3.82%. The ex-dividend date is Friday, August 9th. Tompkins Financial’s dividend payout ratio is presently 519.15%.

Insiders Place Their Bets

In other Tompkins Financial news, Director Janet M. Coletti purchased 1,000 shares of the stock in a transaction on Thursday, May 16th. The stock was acquired at an average price of $47.91 per share, with a total value of $47,910.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at $95,820. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

TMP has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $50.00 price objective (down previously from $55.00) on shares of Tompkins Financial in a research report on Friday, May 3rd. StockNews.com downgraded Tompkins Financial from a “hold” rating to a “sell” rating in a research report on Sunday.

Tompkins Financial Company Profile

Tompkins Financial Corporation, a financial holding company, provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance services. The company operates through three segments: Banking, Insurance, and Wealth Management. It accepts various deposit products, including checking and savings accounts, time deposits, and IRA products, as well as brokered, reciprocal, and municipal money market deposits.