Tompkins Financial (TMP) Expected to Announce Quarterly Earnings on Friday

Tompkins Financial (NYSEAMERICAN:TMP) is anticipated to release its results before the market opens on Friday, January 30th. Analysts expect Tompkins Financial to post earnings of $1.77 per share and revenue of $136.16 million for the quarter.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its quarterly earnings data on Friday, October 24th. The financial services provider reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.05). Tompkins Financial had a return on equity of 11.24% and a net margin of 18.24%.The company had revenue of $87.44 million during the quarter, compared to the consensus estimate of $87.00 million. On average, analysts expect Tompkins Financial to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Tompkins Financial Trading Down 0.3%

Shares of Tompkins Financial stock opened at $79.07 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.92. Tompkins Financial has a 1 year low of $54.16 and a 1 year high of $80.36. The firm has a market cap of $1.14 billion, a PE ratio of 13.42 and a beta of 0.80. The company has a 50 day simple moving average of $72.71 and a two-hundred day simple moving average of $68.71.

Insider Transactions at Tompkins Financial

In other Tompkins Financial news, Director Ita M. Rahilly purchased 1,463 shares of the business’s stock in a transaction on Friday, November 21st. The stock was acquired at an average cost of $68.36 per share, for a total transaction of $100,010.68. Following the completion of the transaction, the director directly owned 10,511 shares in the company, valued at approximately $718,531.96. This represents a 16.17% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tompkins Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new stake in Tompkins Financial during the 2nd quarter valued at about $151,000. Raymond James Financial Inc. bought a new stake in Tompkins Financial in the second quarter valued at approximately $204,000. Virtu Financial LLC purchased a new stake in shares of Tompkins Financial during the third quarter valued at approximately $224,000. Russell Investments Group Ltd. boosted its stake in shares of Tompkins Financial by 47.1% during the third quarter. Russell Investments Group Ltd. now owns 3,489 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 1,117 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Tompkins Financial by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 4,982 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 378 shares during the last quarter. Institutional investors own 69.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TMP shares. Piper Sandler started coverage on shares of Tompkins Financial in a report on Wednesday, December 3rd. They set a “neutral” rating and a $74.00 price objective for the company. Zacks Research raised Tompkins Financial to a “hold” rating in a research note on Thursday, December 4th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Tompkins Financial currently has an average rating of “Hold” and a consensus target price of $74.00.

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.