Tompkins Financial (NYSEAMERICAN:TMP) Announces Quarterly Earnings Results

Tompkins Financial (NYSEAMERICAN:TMP) released its quarterly earnings results on Friday. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.04), reports. The firm had revenue of $72.81 million during the quarter, compared to analysts’ expectations of $74.91 million. Tompkins Financial had a return on equity of 1.09% and a net margin of 2.16%.

Tompkins Financial Stock Down 3.3 %

Shares of NYSEAMERICAN TMP traded down $1.53 during midday trading on Monday, reaching $44.80. 57,837 shares of the stock were exchanged, compared to its average volume of 66,578. The company has a market capitalization of $645.57 million, a P/E ratio of 98.21 and a beta of 0.65. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.90 and a quick ratio of 0.90. Tompkins Financial has a twelve month low of $43.09 and a twelve month high of $65.54.

Tompkins Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be issued a $0.61 dividend. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.52. The ex-dividend date is Thursday, May 9th. This represents a $2.44 dividend on an annualized basis and a yield of 5.45%. Tompkins Financial’s dividend payout ratio is presently 510.64%.

Insider Transactions at Tompkins Financial

In related news, Director Ita M. Rahilly bought 1,982 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was purchased at an average price of $50.46 per share, for a total transaction of $100,011.72. Following the acquisition, the director now owns 8,454 shares of the company’s stock, valued at $426,588.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Tompkins Financial

Several institutional investors have recently modified their holdings of TMP. Massmutual Trust Co. FSB ADV acquired a new position in Tompkins Financial in the fourth quarter valued at $27,000. CNB Bank acquired a new position in Tompkins Financial in the third quarter valued at $28,000. Signaturefd LLC increased its stake in Tompkins Financial by 366.7% in the fourth quarter. Signaturefd LLC now owns 490 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 385 shares during the period. Quantbot Technologies LP acquired a new position in Tompkins Financial in the third quarter valued at $101,000. Finally, PNC Financial Services Group Inc. increased its stake in Tompkins Financial by 107.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,801 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 932 shares during the period. 69.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Tompkins Financial to a “sell” rating in a research report on Friday, January 12th.

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.