Tompkins Financial (TMP) Projected to Post Quarterly Earnings on Friday

Key Points

• Tompkins Financial is set to announce quarterly earnings on October 24th, with analysts predicting earnings of $1.70 per share and revenues of $87 million.
• The company's stock has experienced a decline, currently down 5.2%, with its shares trading at $62.08 after a range between a 1-year low of $54.16 and a high of $79.01.
• Tompkins Financial recently declared a quarterly dividend of $0.62 per share, offering a dividend yield of 4.0%, and has a payout ratio of 50.10%.

Tompkins Financial (NYSEAMERICAN:TMP - Get Free Report) is expected to issue its results before the market opens on Friday, October 24th. Analysts expect the company to announce earnings of $1.70 per share and revenue of $87.00 million for the quarter.

Tompkins Financial Stock Down 5.2%

NYSEAMERICAN:TMP opened at $62.08 on Friday. The firm has a market capitalization of $895.81 million, a price-to-earnings ratio of 11.21 and a beta of 0.88. Tompkins Financial has a 1-year low of $54.16 and a 1-year high of $79.01. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.88. The business's fifty day moving average price is $67.55 and its 200 day moving average price is $63.97.

Tompkins Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, August 8th. Tompkins Financial's payout ratio is 50.10%.

Institutional Trading of Tompkins Financial

Institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Tompkins Financial by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,556 shares of the financial services provider's stock worth $476,000 after buying an additional 311 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Tompkins Financial by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 4,982 shares of the financial services provider's stock worth $313,000 after acquiring an additional 378 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Tompkins Financial by 9.2% in the second quarter. CANADA LIFE ASSURANCE Co now owns 12,542 shares of the financial services provider's stock worth $787,000 after acquiring an additional 1,059 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in Tompkins Financial by 15.9% in the second quarter. Qube Research & Technologies Ltd now owns 8,594 shares of the financial services provider's stock valued at $539,000 after purchasing an additional 1,178 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in Tompkins Financial by 20.5% in the second quarter. Quantinno Capital Management LP now owns 7,527 shares of the financial services provider's stock valued at $472,000 after purchasing an additional 1,281 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors and hedge funds.

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.

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