Tompkins Financial (NYSEAMERICAN:TMP) Reaches New 52-Week High on Strong Earnings

Tompkins Financial Corporation (NYSEAMERICAN:TMP) hit a new 52-week high during trading on Friday following a stronger than expected earnings report. The stock traded as high as $97.71 and last traded at $97.8150, with a volume of 6608 shares changing hands. The stock had previously closed at $92.65.

The financial services provider reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.22. The company had revenue of $87.12 million during the quarter, compared to analysts’ expectations of $86.93 million. Tompkins Financial had a return on equity of 11.27% and a net margin of 28.93%.

Tompkins Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, August 7th will be paid a dividend of $0.70 per share. 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%. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.67. Tompkins Financial’s dividend payout ratio (DPR) is currently 54.14%.

Key Stories Impacting Tompkins Financial

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

Analyst Upgrades and Downgrades

Separately, Piper Sandler restated a “neutral” rating and set a $87.00 target price (up from $82.00) on shares of Tompkins Financial in a report on Tuesday, April 28th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $87.00.

Insider Activity

In other Tompkins Financial news, Director Ita M. Rahilly acquired 1,164 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was bought at an average cost of $85.90 per share, with a total value of $99,987.60. Following the completion of the transaction, the director directly owned 11,849 shares in the company, valued at approximately $1,017,829.10. This represents a 10.89% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tompkins Financial

Large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its position in Tompkins Financial by 59,550.0% during the fourth quarter. IFP Advisors Inc now owns 1,193 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 1,191 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Tompkins Financial in the fourth quarter valued at about $118,000. Quantbot Technologies LP bought a new position in shares of Tompkins Financial in the second quarter valued at about $151,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Tompkins Financial during the 4th quarter worth about $171,000. Finally, Raymond James Financial Inc. bought a new position in Tompkins Financial in the 2nd quarter valued at about $204,000. Institutional investors own 69.11% of the company’s stock.

Tompkins Financial Price Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50-day simple moving average is $90.45 and its 200-day simple moving average is $83.53. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 8.28 and a beta of 0.74.

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.