Insider Selling: Tompkins Financial (NYSEAMERICAN:TMP) SVP Sells $50,285.00 in Stock

Tompkins Financial Corporation (NYSEAMERICAN:TMP) SVP David Kershaw sold 500 shares of the stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $100.57, for a total value of $50,285.00. Following the sale, the senior vice president owned 867 shares of the company’s stock, valued at approximately $87,194.19. The trade was a 36.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tompkins Financial Stock Performance

TMP traded up $0.25 during midday trading on Friday, reaching $100.39. The company’s stock had a trading volume of 99,866 shares, compared to its average volume of 111,768. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $98.81 and a 200 day simple moving average of $90.21. The stock has a market cap of $1.44 billion, a P/E ratio of 7.99 and a beta of 0.77. Tompkins Financial Corporation has a twelve month low of $64.16 and a twelve month high of $105.18.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its quarterly earnings results on Friday, October 23rd. The financial services provider reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.05. Tompkins Financial had a return on equity of 11.59% and a net margin of 30.94%. The company had revenue of $89.85 million during the quarter, compared to analyst estimates of $89.65 million. Research analysts expect that Tompkins Financial Corporation will post 7.90 earnings per share for the current year.

Tompkins Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 13th. Investors of record on Friday, November 6th were given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 2.9%. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, November 6th. Tompkins Financial’s payout ratio is presently 59.80%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TMP shares. Piper Sandler increased their price target on shares of Tompkins Financial from $87.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods raised their price target on shares of Tompkins Financial from $98.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $104.50.

Institutional Trading of Tompkins Financial

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Tompkins Financial during the second quarter worth $193,740,000. Rhino Investment Partners Inc raised its stake in shares of Tompkins Financial by 88.5% in 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 buying an additional 78,391 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Tompkins Financial in the 2nd quarter valued at $11,459,000. ProShare Advisors LLC lifted its holdings in shares of Tompkins Financial by 43.3% during the 3rd quarter. ProShare Advisors LLC now owns 107,578 shares of the financial services provider’s stock worth $10,354,000 after acquiring an additional 32,521 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Tompkins Financial during the 1st quarter worth about $7,340,000. 69.11% of the stock is currently owned by institutional investors.

About Tompkins Financial

Tompkins Financial Corporation is a financial services holding company based in Ithaca, New York. Through its subsidiaries, it provides banking, insurance and wealth management services to individuals, businesses and institutions. Its banking subsidiary, Tompkins Community Bank, offers deposit accounts, loans and other personal and commercial banking services. Tompkins also provides insurance products through Tompkins Insurance Agencies and financial planning and investment services through Tompkins Financial Advisors.