Tompkins Financial (NYSEAMERICAN:TMP) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Tompkins Financial (NYSEAMERICAN:TMP) issued its earnings results on Friday. The financial services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.71 by $0.11, FiscalAI reports. The company had revenue of $71.86 million during the quarter, compared to analysts’ expectations of $83.64 million. Tompkins Financial had a net margin of 27.82% and a return on equity of 11.19%.

Tompkins Financial Price Performance

TMP stock traded down $1.51 during trading on Friday, reaching $83.21. 26,214 shares of the company were exchanged, compared to its average volume of 66,018. The company has a 50-day moving average of $79.54 and a two-hundred day moving average of $74.48. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 7.42 and a beta of 0.73. Tompkins Financial has a twelve month low of $57.60 and a twelve month high of $86.95. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.95 and a quick ratio of 0.95.

Tompkins Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, February 22nd. Investors of record on Friday, February 13th were given a dividend of $0.67 per share. The ex-dividend date was Friday, February 13th. This represents a $2.68 dividend on an annualized basis and a yield of 3.2%. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.65. Tompkins Financial’s dividend payout ratio is currently 54.14%.

Hedge Funds Weigh In On Tompkins Financial

Institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new position in Tompkins Financial during the 4th quarter worth approximately $118,000. Quantbot Technologies LP acquired a new position in Tompkins Financial during the 2nd quarter worth approximately $151,000. Raymond James Financial Inc. acquired a new position in Tompkins Financial during the 2nd quarter worth approximately $204,000. Janney Montgomery Scott LLC acquired a new position in Tompkins Financial during the 4th quarter worth approximately $213,000. Finally, Virtu Financial LLC acquired a new position in Tompkins Financial during the 3rd quarter worth approximately $224,000. 69.11% of the stock is currently owned by institutional investors and hedge funds.

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.