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

Tompkins Financial (NYSEAMERICAN:TMP) is projected to announce its 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 released its quarterly earnings results on Friday, October 25th. The financial services provider reported $1.30 EPS for the quarter, topping 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 period in the prior year, the business posted ($2.35) earnings per share. 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 Price Performance

NYSEAMERICAN TMP opened at $65.84 on Thursday. Tompkins Financial has a 12-month low of $43.09 and a 12-month high of $79.01. The stock has a market capitalization of $947.44 million, a price-to-earnings ratio of 14.22 and a beta of 0.74. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.75.

Tompkins Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Friday, November 8th. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.61. Tompkins Financial’s payout ratio is 53.56%.

Analyst Upgrades and Downgrades

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

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.