Tompkins Financial (NYSEAMERICAN:TMP) Reaches New 12-Month High – Time to Buy?

Tompkins Financial Corporation (NYSEAMERICAN:TMP)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $94.36 and last traded at $94.3890, with a volume of 19008 shares trading hands. The stock had previously closed at $93.63.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler restated a “neutral” rating and issued a $87.00 price objective (up from $82.00) on shares of Tompkins Financial in a report on Tuesday, April 28th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $87.00.

Tompkins Financial Price Performance

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.36 billion, a PE ratio of 8.09 and a beta of 0.74. The company has a fifty day moving average of $87.22 and a 200-day moving average of $81.29.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its earnings results on Friday, April 24th. The financial services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.11. The company had revenue of $83.69 million during the quarter, compared to analysts’ expectations of $83.64 million. Tompkins Financial had a return on equity of 11.27% and a net margin of 28.93%. Sell-side analysts expect that Tompkins Financial Corporation will post 7.55 EPS for the current fiscal year.

Tompkins Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were paid a $0.67 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.68 annualized dividend and a dividend yield of 2.8%. Tompkins Financial’s dividend payout ratio (DPR) is presently 54.14%.

Insider Buying and Selling at Tompkins Financial

In other Tompkins Financial news, Director Ita M. Rahilly acquired 1,164 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average price of $85.90 per share, for a total transaction of $99,987.60. Following the completion of the acquisition, the director owned 11,849 shares of the company’s stock, valued at approximately $1,017,829.10. This trade represents a 10.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.52% of the company’s stock.

Hedge Funds Weigh In On Tompkins Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in shares of Tompkins Financial by 95.4% during the third quarter. EverSource Wealth Advisors LLC now owns 551 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 269 shares during the period. IFP Advisors Inc boosted its holdings in Tompkins Financial by 59,550.0% in the fourth quarter. IFP Advisors Inc now owns 1,193 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 1,191 shares during the period. Kestra Advisory Services LLC acquired a new position in Tompkins Financial during the 4th quarter worth $118,000. Quantbot Technologies LP acquired a new position in Tompkins Financial during the 2nd quarter worth $151,000. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in Tompkins Financial during the 4th quarter worth about $171,000. 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.