Tompkins Financial (NYSEAMERICAN:TMP – Get Free Report) posted its earnings results on Friday. The financial services provider reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.05, FiscalAI reports. The company had revenue of $89.85 million during the quarter, compared to analyst estimates of $89.65 million. Tompkins Financial had a return on equity of 11.52% and a net margin of 30.13%.
Tompkins Financial Stock Performance
NYSEAMERICAN TMP traded up $0.61 during trading hours on Friday, reaching $101.39. The stock had a trading volume of 42,789 shares, compared to its average volume of 82,286. The stock has a fifty day moving average of $97.95 and a 200 day moving average of $92.76. The stock has a market cap of $1.46 billion, a P/E ratio of 8.30 and a beta of 0.76. Tompkins Financial has a 52-week low of $62.98 and a 52-week high of $102.80. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.95 and a current ratio of 0.95.
Analyst Ratings Changes
TMP has been the subject of several research reports. Piper Sandler lifted their price objective on shares of Tompkins Financial from $87.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Keefe, Bruyette & Woods upped their target price on Tompkins Financial from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $104.50.
Tompkins Financial Company Profile
Tompkins Financial Corporation is a financial services holding company headquartered in Ithaca, New York. Through its subsidiaries, the company provides banking, insurance and wealth-management services to individuals, families, businesses and municipal organizations.
Its banking operations are conducted primarily through Tompkins Community Bank, which offers deposit accounts, residential and commercial lending, mortgages, cash-management services, online banking and other financial products.
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