Tompkins Financial (NYSEAMERICAN:TMP) Director Ita Rahilly Purchases 1,164 Shares

Tompkins Financial Corporation (NYSEAMERICAN:TMP) Director Ita Rahilly purchased 1,164 shares of Tompkins Financial stock in a transaction dated Tuesday, May 26th. The shares were bought at an average price of $85.90 per share, with a total value of $99,987.60. Following the completion of the acquisition, the director directly owned 11,849 shares of the company’s stock, valued at approximately $1,017,829.10. This represents a 10.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tompkins Financial Price Performance

NYSEAMERICAN TMP opened at $87.25 on Wednesday. Tompkins Financial Corporation has a one year low of $59.67 and a one year high of $87.62. The stock has a 50-day moving average of $81.98 and a 200 day moving average of $77.52. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 7.48 and a beta of 0.76.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its quarterly earnings results on Friday, April 24th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.11. The firm had revenue of $83.70 million for the quarter, compared to the consensus estimate of $83.64 million. Tompkins Financial had a net margin of 28.93% and a return on equity of 11.27%. On average, sell-side analysts forecast that Tompkins Financial Corporation will post 7.55 EPS for the current year.

Tompkins Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, May 8th. Tompkins Financial’s dividend payout ratio (DPR) is presently 54.14%.

Wall Street Analyst Weigh In

Separately, Piper Sandler reaffirmed a “neutral” rating and set a $87.00 price target (up from $82.00) on shares of Tompkins Financial in a report on Tuesday, April 28th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Tompkins Financial presently has a consensus rating of “Hold” and an average target price of $87.00.

Institutional Trading of Tompkins Financial

A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in shares of Tompkins Financial by 20.4% during the 1st quarter. Bank of America Corp DE now owns 57,050 shares of the financial services provider’s stock valued at $4,498,000 after purchasing an additional 9,684 shares during the period. Rhino Investment Partners Inc grew its stake in shares of Tompkins Financial by 88.5% during the 1st quarter. Rhino Investment Partners Inc now owns 166,941 shares of the financial services provider’s stock valued at $13,162,000 after purchasing an additional 78,391 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Tompkins Financial by 42.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 5,960 shares of the financial services provider’s stock valued at $470,000 after purchasing an additional 1,785 shares during the period. Quantinno Capital Management LP grew its stake in shares of Tompkins Financial by 22.9% during the 1st quarter. Quantinno Capital Management LP now owns 19,754 shares of the financial services provider’s stock valued at $1,557,000 after purchasing an additional 3,676 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in shares of Tompkins Financial during the 1st quarter valued at about $1,611,000. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Tompkins Financial Company Profile

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.