Tompkins Financial (NYSEAMERICAN:TMP) Announces Quarterly Earnings Results

Tompkins Financial (NYSEAMERICAN:TMP) issued its quarterly earnings results on Friday. The financial services provider reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.22, FiscalAI reports. Tompkins Financial had a return on equity of 11.27% and a net margin of 28.93%.The company had revenue of $87.12 million during the quarter, compared to the consensus estimate of $86.93 million.

Tompkins Financial Stock Up 9.1%

Shares of TMP opened at $101.12 on Friday. Tompkins Financial has a fifty-two week low of $61.21 and a fifty-two week high of $101.49. The company’s fifty day moving average is $90.45 and its two-hundred day moving average is $83.53. The firm has a market cap of $1.45 billion, a PE ratio of 8.28 and a beta of 0.74. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47.

Tompkins Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, August 7th will be issued a $0.70 dividend. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, August 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.8%. Tompkins Financial’s dividend payout ratio (DPR) is 54.14%.

More Tompkins Financial News

Here are the key news stories impacting Tompkins Financial this week:

• Positive Sentiment: Tompkins Financial reported quarterly EPS of $2.04, beating analyst estimates and rising sharply from a year earlier, while revenue also came in slightly above expectations. Article: Tompkins Financial (TMP) Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: The company said profit growth was supported by stronger lending income and loan growth, with net interest margin expanding to 3.58%, signaling healthier core banking performance. Article: Tompkins Financial Corporation (TMP) Stock: Rallies After Record Q2 Profit and Loan Growth
• Positive Sentiment: Tompkins Financial raised its quarterly dividend to $0.70 per share from $0.67, reinforcing confidence in capital strength and shareholder returns. Article: Tompkins Financial Corporation (TMP) Stock: Rallies After Record Q2 Profit and Loan Growth
• Neutral Sentiment: The new dividend implies a 2.8% annualized yield and is payable on August 14 to shareholders of record on August 7, which is mainly relevant for income-focused investors. Reference: Tompkins Financial Price Performance

Insider Buying and Selling at Tompkins Financial

In other news, Director Ita M. Rahilly bought 1,164 shares of Tompkins Financial stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average price of $85.90 per share, for a total transaction of $99,987.60. Following the completion of the acquisition, the director owned 11,849 shares of the company’s stock, valued at $1,017,829.10. The trade was a 10.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.52% of the company’s stock.

Institutional Trading of Tompkins Financial

Institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new position in Tompkins Financial in the fourth quarter valued at approximately $118,000. Quantbot Technologies LP acquired a new stake in shares of Tompkins Financial in the second quarter worth $151,000. Janney Montgomery Scott LLC purchased a new position in shares of Tompkins Financial in the 4th quarter valued at $213,000. Raymond James Financial Inc. purchased a new position in shares of Tompkins Financial in the 2nd quarter valued at $204,000. Finally, Virtu Financial LLC acquired a new position in shares of Tompkins Financial during the 3rd quarter valued at $224,000. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reaffirmed a “neutral” rating and issued a $87.00 price objective (up from $82.00) on shares of Tompkins Financial in a research report on Tuesday, April 28th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $87.00.

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.