Tompkins Financial (NYSEAMERICAN:TMP) Announces Quarterly Earnings Results

Tompkins Financial (NYSEAMERICAN:TMP) released its quarterly earnings data on Friday. The financial services provider reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.22, FiscalAI reports. Tompkins Financial had a return on equity of 11.27% and a net margin of 28.93%.The firm had revenue of $87.12 million during the quarter, compared to analyst estimates of $86.93 million.

Tompkins Financial Stock Performance

Shares of TMP stock opened at $101.12 on Friday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 8.66 and a beta of 0.74. The stock has a fifty day moving average of $90.45 and a 200 day moving average of $83.53. Tompkins Financial has a 52 week low of $61.21 and a 52 week high of $101.49. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47.

Tompkins Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, August 7th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, August 7th. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.67. This represents a $2.80 dividend on an annualized basis and a yield of 2.8%. Tompkins Financial’s payout ratio is 54.14%.

Tompkins Financial News Summary

Here are the key news stories impacting Tompkins Financial this week:

• Positive Sentiment: Tompkins Financial reported quarterly EPS of $2.04, beating analyst estimates and rising sharply from a year earlier, while revenue also came in slightly above expectations. Article: Tompkins Financial (TMP) Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: The company said profit growth was supported by stronger lending income and loan growth, with net interest margin expanding to 3.58%, signaling healthier core banking performance. Article: Tompkins Financial Corporation (TMP) Stock: Rallies After Record Q2 Profit and Loan Growth
• Positive Sentiment: Tompkins Financial raised its quarterly dividend to $0.70 per share from $0.67, reinforcing confidence in capital strength and shareholder returns. Article: Tompkins Financial Corporation (TMP) Stock: Rallies After Record Q2 Profit and Loan Growth
• Neutral Sentiment: The new dividend implies a 2.8% annualized yield and is payable on August 14 to shareholders of record on August 7, which is mainly relevant for income-focused investors. Reference: Tompkins Financial Price Performance

Insider Transactions at Tompkins Financial

In related news, Director Ita M. Rahilly acquired 1,164 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of $85.90 per share, for a total transaction of $99,987.60. Following the acquisition, the director owned 11,849 shares of the company’s stock, valued at $1,017,829.10. This trade represents a 10.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.52% of the company’s stock.

Hedge Funds Weigh In On Tompkins Financial

Institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC bought a new stake in Tompkins Financial during the 4th quarter valued at approximately $118,000. Quantbot Technologies LP bought a new position in shares of Tompkins Financial in the 2nd quarter worth approximately $151,000. Raymond James Financial Inc. purchased a new position in shares of Tompkins Financial in the 2nd quarter valued at approximately $204,000. Janney Montgomery Scott LLC bought a new stake in shares of Tompkins Financial during the fourth quarter valued at approximately $213,000. Finally, Virtu Financial LLC bought a new stake in shares of Tompkins Financial during the third quarter valued at approximately $224,000. 69.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reissued a “neutral” rating and set a $87.00 price target (up from $82.00) on shares of Tompkins Financial in a research report on Tuesday, April 28th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, Tompkins Financial currently has an average rating of “Hold” and an average price target of $87.00.

Tompkins Financial Company Profile

Tompkins Financial (NYSEAMERICAN:TMP) is a bank holding company headquartered in Ithaca, New York, that provides a diversified range of financial services. Through its principal banking subsidiary, Tompkins Trust Company, the firm offers commercial and consumer banking products including checking and savings accounts, mortgage loans, and credit facilities. Beyond traditional banking, Tompkins Financial delivers asset management, trust and estate planning, retirement services and investment advisory solutions.

In addition to its core banking operations, Tompkins Financial operates Tompkins Insurance Agencies, which offers property and casualty, life and health insurance coverages to individuals and businesses.