Tompkins Financial (NYSEAMERICAN:TMP) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Tompkins Financial (NYSEAMERICAN:TMP) announced its quarterly earnings data on Friday. The financial services provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.95 by $0.05, FiscalAI reports. Tompkins Financial had a net margin of 30.13% and a return on equity of 11.52%. The firm had revenue of $89.85 million during the quarter, compared to analyst estimates of $89.65 million.

Tompkins Financial Price Performance

Shares of NYSEAMERICAN TMP traded up $0.36 during trading on Friday, hitting $101.14. The company had a trading volume of 43,710 shares, compared to its average volume of 82,286. The stock has a fifty day simple moving average of $97.95 and a two-hundred day simple moving average of $92.76. Tompkins Financial has a fifty-two week low of $62.98 and a fifty-two week high of $102.80. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 8.30 and a beta of 0.76. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.57.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Tompkins Financial from $98.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Piper Sandler raised their target price on shares of Tompkins Financial from $87.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $104.50.

Tompkins Financial Company Profile

Tompkins Financial Corporation is a financial services holding company headquartered in Ithaca, New York. Through its subsidiaries, the company provides banking, insurance and wealth-management services to individuals, families, businesses and municipal organizations.

Its banking operations are conducted primarily through Tompkins Community Bank, which offers deposit accounts, residential and commercial lending, mortgages, cash-management services, online banking and other financial products.