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

Tompkins Financial (NYSEAMERICAN:TMP) posted its earnings results on Friday. The financial services provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $89.85 million during the quarter, compared to the consensus estimate of $89.65 million.

Tompkins Financial Trading Up 0.6%

Shares of Tompkins Financial stock traded up $0.61 during mid-day trading on Friday, hitting $101.39. The stock had a trading volume of 42,789 shares, compared to its average volume of 82,286. The firm has a 50-day moving average of $97.95 and a two-hundred day moving average of $92.76. The firm has a market cap of $1.46 billion, a P/E 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. Tompkins Financial has a 12-month low of $62.98 and a 12-month high of $102.80.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on 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 upped their target price on Tompkins Financial from $87.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.