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Tompkins Financial (Tompkins Financial) Beta : 0.60 (As of Apr. 28, 2024)


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What is Tompkins Financial Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-04-28), Tompkins Financial's Beta is 0.60.


Tompkins Financial Beta Historical Data

The historical data trend for Tompkins Financial's Beta can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tompkins Financial Beta Chart

Tompkins Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.78 0.67 0.57 0.63 0.69

Tompkins Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.63 0.55 0.72 0.75 0.69

Competitive Comparison of Tompkins Financial's Beta

For the Banks - Regional subindustry, Tompkins Financial's Beta, along with its competitors' market caps and Beta data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tompkins Financial's Beta Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Tompkins Financial's Beta distribution charts can be found below:

* The bar in red indicates where Tompkins Financial's Beta falls into.



Tompkins Financial Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.


Tompkins Financial  (AMEX:TMP) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)


Tompkins Financial Beta Related Terms

Thank you for viewing the detailed overview of Tompkins Financial's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.


Tompkins Financial (Tompkins Financial) Business Description

Traded in Other Exchanges
Address
118 East Seneca Street, P.O Box 460, Ithaca, NY, USA, 14851
Tompkins Financial Corp is a Financial Holding Company. It has three business segments, consisting of banking, insurance and wealth management. It offers various products and services, including commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance. Insurance is comprised of property and casualty insurance services and employee benefit consulting. Wealth management activities include the results of the company's trust, financial planning, and wealth management services.
Executives
Charles J Guarino officer: SVP Chief Bank Operations Off. 220 LIBERTY STREET, WARSAW NY 14569
David Kershaw officer: SVP, PAO PO BOX 460, ITHACA NY 14851
Matthew D Tomazin officer: EVP, CFO & Treasurer PO BOX 460, ITHACA NY 14851
Johanna B Anderson officer: Officer: EVP, Pres., TCB CNY PO BOX 460, ITHACA NY 14851
Alfred J Weber director 5 FOXGLOVE LANE, READING PA 19606
John D Mcclurg director PO BOX 460, ITHACA NY 14851
Nancy E. Catarisano director 27 FAIRPORT DRIVE, FAIRPORT NY 14450
Angela B Lee director PO BOX 460, ITHACA NY 14851
Diane D Torcello officer: EVP & President, Tompkins WNY PO BOX 460, ITHACA NY 14851
Gregory J Hartz officer: Executive Vice Pres. C/O TOMPKINS TRUSTCO, INC., P.O. BOX 460, ITHACA NY 14851
Francis M Fetsko officer: EVP, CFO, Treasurer C/O TOMKINS TRUSTCO, INC., PO BOX #460, ITHACA NY 14851
Ita M Rahily director P.O. BOX 460, ITHACA NY 14851
Ginger G Kunkel officer: President TCB Pennsylvania 389 COAL MOUNTAIN ROAD, ORWIGSBURG PA 17961
Scott L Gruber officer: EVP, Pres & CEO, VIST Bank 1240 BROADCASTING RD., WYOMISSING PA 19610
John M Mckenna officer: EVP, Tompkins Bank of Castile P.O. BOX 460, ITHACA NY 14851