Tompkins Financial (NYSEAMERICAN:TMP) Reaches New 52-Week High Following Better-Than-Expected Earnings

Tompkins Financial Corporation (NYSEAMERICAN:TMP)’s share price reached a new 52-week high during mid-day trading on Friday after the company announced better than expected quarterly earnings. The company traded as high as $97.71 and last traded at $97.8150, with a volume of 6608 shares. The stock had previously closed at $92.65.

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

Tompkins Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, August 7th will be paid a $0.70 dividend. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, August 7th. This represents a $2.80 dividend on an annualized basis and a yield of 2.8%. Tompkins Financial’s dividend payout ratio (DPR) is 54.14%.

Key Tompkins Financial News

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Tompkins Financial

In other news, Director Ita M. Rahilly acquired 1,164 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average cost of $85.90 per share, with a total value of $99,987.60. Following the completion of the acquisition, the director owned 11,849 shares of the company’s stock, valued at approximately $1,017,829.10. This trade represents a 10.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.52% of the company’s stock.

Hedge Funds Weigh In On Tompkins Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hillsdale Investment Management Inc. acquired a new stake in Tompkins Financial during the 1st quarter valued at approximately $7,340,000. Rhino Investment Partners Inc increased its stake in shares of Tompkins Financial by 88.5% in the first quarter. Rhino Investment Partners Inc now owns 166,941 shares of the financial services provider’s stock worth $13,162,000 after acquiring an additional 78,391 shares during the period. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Tompkins Financial in the fourth quarter worth $4,351,000. Invesco Ltd. raised its holdings in shares of Tompkins Financial by 95.9% during the second quarter. Invesco Ltd. now owns 98,191 shares of the financial services provider’s stock worth $6,160,000 after purchasing an additional 48,064 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Tompkins Financial by 43.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 102,891 shares of the financial services provider’s stock valued at $7,462,000 after purchasing an additional 31,171 shares during the period. Institutional investors and hedge funds own 69.11% of the company’s stock.

Tompkins Financial Stock Up 9.1%

The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 8.66 and a beta of 0.74. The business’s 50-day moving average is $90.45 and its 200-day moving average is $83.53.

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.