Tompkins Financial (NYSEAMERICAN:TMP) Announces Quarterly Earnings Results

Tompkins Financial (NYSEAMERICAN:TMP) issued its quarterly earnings results on Friday. The financial services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate 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 stock has a market capitalization of $918.72 million, a P/E ratio of 135.74 and a beta of 0.70. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.78. Tompkins Financial has a 52-week low of $43.09 and a 52-week high of $65.54.

Tompkins Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Activity at Tompkins Financial

In other news, Director Janet M. Coletti bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was purchased at an average cost of $47.91 per share, with a total value of $47,910.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $95,820. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.50% of the company’s stock.

About Tompkins Financial

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.