Tompkins Financial (NYSEAMERICAN:TMP) Posts Earnings Results, Beats Expectations By $0.11 EPS

Key Points

• EPS beat but revenue missed: Tompkins reported $1.82 EPS versus $1.71 expected (beat by $0.11) while revenue came in at $71.86M versus $83.64M consensus, with a net margin of 27.82% and ROE of 11.19%.
• Dividend raised: The quarterly dividend was increased to $0.67 (from $0.65), annualized $2.68 for a ~3.2% yield and a 54.14% payout ratio.
• Stock reaction and valuation: Shares fell to $83.31 on the report; market cap is about $1.20B, P/E ~7.44, and roughly 69% of the stock is owned by institutional investors.

Tompkins Financial (NYSEAMERICAN:TMP - Get Free Report) announced its earnings results on Friday. The financial services provider reported $1.82 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.11, FiscalAI reports. Tompkins Financial had a net margin of 27.82% and a return on equity of 11.19%. The business had revenue of $71.86 million during the quarter, compared to analysts' expectations of $83.64 million.

Tompkins Financial Stock Performance

Shares of NYSEAMERICAN:TMP traded down $1.42 on Friday, reaching $83.31. The company's stock had a trading volume of 24,777 shares, compared to its average volume of 66,018. The stock's 50-day moving average is $79.54 and its two-hundred day moving average is $74.48. Tompkins Financial has a 52-week low of $57.60 and a 52-week high of $86.95. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $1.20 billion, a P/E ratio of 7.44 and a beta of 0.73.

Tompkins Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, February 22nd. Stockholders of record on Friday, February 13th were issued a $0.67 dividend. The ex-dividend date of this dividend was Friday, February 13th. This is a positive change from Tompkins Financial's previous quarterly dividend of $0.65. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.2%. Tompkins Financial's dividend payout ratio is currently 54.14%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new position in Tompkins Financial during the fourth quarter worth about $118,000. Quantbot Technologies LP purchased a new position in Tompkins Financial during the second quarter worth about $151,000. Janney Montgomery Scott LLC purchased a new position in Tompkins Financial during the fourth quarter worth about $213,000. Raymond James Financial Inc. purchased a new position in Tompkins Financial during the second quarter worth about $204,000. Finally, Virtu Financial LLC purchased a new position in Tompkins Financial during the third quarter worth about $224,000. 69.11% of the stock is owned by hedge funds and other institutional investors.

About Tompkins Financial

Tompkins Financial NYSEAMERICAN: TMP is a bank holding company headquartered in Ithaca, New York, that provides a diversified range of financial services. Through its principal banking subsidiary, Tompkins Trust Company, the firm offers commercial and consumer banking products including checking and savings accounts, mortgage loans, and credit facilities. Beyond traditional banking, Tompkins Financial delivers asset management, trust and estate planning, retirement services and investment advisory solutions.

In addition to its core banking operations, Tompkins Financial operates Tompkins Insurance Agencies, which offers property and casualty, life and health insurance coverages to individuals and businesses.

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