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

Tompkins Financial (NYSEAMERICAN:TMP) is projected to post 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 announced 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). The company had revenue of $87.44 million during the quarter, compared to analyst estimates of $87.00 million. Tompkins Financial had a net margin of 18.24% and a return on equity of 11.24%. 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 Stock Performance

TMP opened at $79.07 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.92 and a current ratio of 0.92. Tompkins Financial has a 52-week low of $54.16 and a 52-week high of $80.36. The firm has a market cap of $1.14 billion, a P/E ratio of 13.42 and a beta of 0.80. The business’s fifty day moving average is $72.71 and its 200-day moving average is $68.71.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Zacks Research raised shares of Tompkins Financial to a “hold” rating in a report on Thursday, December 4th. Piper Sandler began coverage on shares of Tompkins Financial in a research report on Wednesday, December 3rd. They set a “neutral” rating and a $74.00 price target on the stock. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $74.00.

Insider Buying and Selling at Tompkins Financial

In other news, Director Ita M. Rahilly purchased 1,463 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was bought at an average price of $68.36 per share, for a total transaction of $100,010.68. Following the purchase, the director owned 10,511 shares of the company’s stock, valued at $718,531.96. The trade was a 16.17% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.94% of the company’s stock.

Institutional Investors Weigh In On Tompkins Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP bought a new position in shares of Tompkins Financial in the second quarter valued at approximately $151,000. Raymond James Financial Inc. bought a new position in Tompkins Financial in the 2nd quarter valued at $204,000. Virtu Financial LLC purchased a new position in shares of Tompkins Financial during the 3rd quarter valued at $224,000. Russell Investments Group Ltd. grew its position in shares of Tompkins Financial by 47.1% during the 3rd 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 in the last quarter. Finally, The Manufacturers Life Insurance Company increased 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 period. 69.11% of the stock is currently owned by institutional investors.

About Tompkins Financial

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.