Tompkins Financial (NYSEAMERICAN:TMP) Announces Earnings Results

Tompkins Financial (NYSEAMERICAN:TMP) announced its earnings results on Friday. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $112.51 million for the quarter. During the same quarter in the previous year, the company earned ($2.35) EPS.

Tompkins Financial Price Performance

Shares of NYSEAMERICAN:TMP traded down $1.12 during mid-day trading on Friday, reaching $60.75. 45,397 shares of the company’s stock were exchanged, compared to its average volume of 59,492. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.94 and a current ratio of 0.94. Tompkins Financial has a twelve month low of $43.09 and a twelve month high of $65.99. The firm has a market cap of $874.80 million, a PE ratio of 62.17 and a beta of 0.69.

Analyst Ratings Changes

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

Tompkins Financial Company Profile

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.