Tompkins Financial (NYSEAMERICAN:TMP) Sets New 12-Month High – Here’s What Happened

Tompkins Financial Corporation (NYSEAMERICAN:TMP) reached a new 52-week high on Thursday . The stock traded as high as $91.00 and last traded at $90.23, with a volume of 86327 shares trading hands. The stock had previously closed at $89.48.

Analysts Set New Price Targets

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

Tompkins Financial Trading Up 0.9%

The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50 day moving average is $85.01 and its two-hundred day moving average is $79.34. The firm has a market cap of $1.32 billion, a P/E ratio of 7.89 and a beta of 0.75.

Tompkins Financial (NYSEAMERICAN:TMP) last released its earnings results on Friday, April 24th. The financial services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.11. Tompkins Financial had a net margin of 28.93% and a return on equity of 11.27%. The business had revenue of $83.70 million during the quarter, compared to analysts’ expectations of $83.64 million. On average, sell-side analysts predict that Tompkins Financial Corporation will post 7.55 earnings per share for the current 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 was Friday, May 8th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.9%. Tompkins Financial’s dividend payout ratio is currently 54.14%.

Insider Activity

In other Tompkins Financial news, Director Ita M. Rahilly acquired 1,164 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of $85.90 per share, for a total transaction of $99,987.60. Following the purchase, the director owned 11,849 shares in the company, valued at $1,017,829.10. This represents a 10.89% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.52% of the company’s stock.

Hedge Funds Weigh In On Tompkins Financial

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC raised its stake in shares of Tompkins Financial by 104.5% in the 4th quarter. SG Americas Securities LLC now owns 27,168 shares of the financial services provider’s stock valued at $1,970,000 after buying an additional 13,884 shares in the last quarter. LSV Asset Management raised its stake in shares of Tompkins Financial by 34.0% in the 3rd quarter. LSV Asset Management now owns 36,400 shares of the financial services provider’s stock valued at $2,410,000 after buying an additional 9,230 shares in the last quarter. Public Sector Pension Investment Board raised its stake in shares of Tompkins Financial by 15.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 49,494 shares of the financial services provider’s stock valued at $3,277,000 after buying an additional 6,711 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Tompkins Financial by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 1,385,961 shares of the financial services provider’s stock valued at $100,510,000 after buying an additional 15,227 shares in the last quarter. Finally, Intech Investment Management LLC raised its stake in shares of Tompkins Financial by 270.0% in the 4th quarter. Intech Investment Management LLC now owns 24,656 shares of the financial services provider’s stock valued at $1,788,000 after buying an additional 17,992 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

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.