Tompkins Financial (NYSEAMERICAN:TMP) Posts Earnings Results, Beats Expectations By $0.09 EPS

Tompkins Financial (NYSEAMERICAN:TMP) released its quarterly earnings data on Friday. The financial services provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.09, RTT News reports. Tompkins Financial had a net margin of 4.11% and a return on equity of 2.16%. The company had revenue of $112.51 million during the quarter. During the same quarter in the previous year, the company posted ($2.35) EPS.

Tompkins Financial Stock Performance

Shares of Tompkins Financial stock traded down $1.12 on Friday, hitting $60.75. 45,397 shares of the company’s stock traded hands, compared to its average volume of 59,492. The stock has a market cap of $874.80 million, a P/E ratio of 62.17 and a beta of 0.69. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.14. Tompkins Financial has a 52-week low of $43.09 and a 52-week high of $65.99.

Analysts Set New Price Targets

A number of research firms have issued reports on TMP. Keefe, Bruyette & Woods raised Tompkins Financial from a “market perform” rating to an “outperform” rating and increased their price target for the company from $59.00 to $68.00 in a research report on Wednesday, October 2nd. StockNews.com raised Tompkins Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd.

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.