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

Tompkins Financial (NYSEAMERICAN:TMP) will likely be issuing its quarterly earnings results before the market opens on Friday, January 24th. Analysts expect the company to announce earnings of $1.10 per share and revenue of $74,100.00 billion for the quarter.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its quarterly earnings data on Friday, October 25th. The financial services provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.09. The business had revenue of $112.51 million for the quarter. Tompkins Financial had a net margin of 15.59% and a return on equity of 9.68%. During the same quarter in the prior year, the business earned ($2.35) EPS. On average, analysts expect Tompkins Financial to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Tompkins Financial Stock Performance

TMP opened at $66.64 on Friday. Tompkins Financial has a 1-year low of $43.09 and a 1-year high of $79.01. The company has a market capitalization of $958.95 million, a price-to-earnings ratio of 14.39 and a beta of 0.74. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.92 and a quick ratio of 0.92.

Tompkins Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.48 annualized dividend and a yield of 3.72%. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.61. Tompkins Financial’s dividend payout ratio (DPR) is currently 53.56%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods upgraded shares of Tompkins Financial from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $59.00 to $68.00 in a report on Wednesday, October 2nd. Piper Sandler initiated coverage on Tompkins Financial in a research report on Friday, December 20th. They set a “neutral” rating and a $70.00 price objective for the company.

About Tompkins Financial

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.