Tompkins Financial (NYSEAMERICAN:TMP - Get Free Report) announced its earnings results on Friday. The financial services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.21 by $0.09, RTT News reports. Tompkins Financial had a return on equity of 2.16% and a net margin of 4.11%. The business had revenue of $112.51 million during the quarter. During the same period in the prior year, the company earned ($2.35) earnings per share.
Tompkins Financial Stock Down 1.8 %
NYSEAMERICAN:TMP traded down $1.12 during trading hours on Friday, hitting $60.75. 45,397 shares of the company's stock traded hands, compared to its average volume of 59,492. The firm has a market capitalization of $874.80 million, a price-to-earnings ratio of 61.99 and a beta of 0.69. Tompkins Financial has a twelve month low of $43.09 and a twelve month high of $65.99. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.14.
Tompkins Financial Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 4.08%. This is a positive change from Tompkins Financial's previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Friday, November 8th. Tompkins Financial's payout ratio is presently 248.98%.
Analysts Set New Price Targets
Several brokerages have recently commented on TMP. Keefe, Bruyette & Woods raised Tompkins Financial from a "market perform" rating to an "outperform" rating and upped their target price for the company from $59.00 to $68.00 in a report on Wednesday, October 2nd. StockNews.com raised Tompkins Financial from a "sell" rating to a "hold" rating in a research report on Saturday, August 3rd.
Get Our Latest Analysis on Tompkins Financial
Tompkins Financial Company Profile
(
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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.
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