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

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

Tompkins Financial Stock Up 0.3 %

Tompkins Financial stock opened at $63.80 on Monday. The firm has a market capitalization of $918.72 million, a PE ratio of 135.74 and a beta of 0.70. Tompkins Financial has a one year low of $43.09 and a one year high of $65.54. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.90 and a quick ratio of 0.90.

Tompkins Financial Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently commented on TMP. StockNews.com cut Tompkins Financial from a “hold” rating to a “sell” rating in a research report on Sunday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $50.00 price objective (down from $55.00) on shares of Tompkins Financial in a report on Friday, May 3rd.

Insider Activity at Tompkins Financial

In related news, Director Janet M. Coletti purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were purchased at an average cost of $47.91 per share, for a total transaction of $47,910.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $95,820. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 4.50% of the stock is currently owned by corporate insiders.

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.