Ita Rahilly Buys 1,164 Shares of Tompkins Financial (NYSEAMERICAN:TMP) Stock

Tompkins Financial Corporation (NYSEAMERICAN:TMP) Director Ita Rahilly acquired 1,164 shares of Tompkins Financial stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $85.90 per share, with a total value of $99,987.60. Following the completion of the purchase, the director owned 11,849 shares in the company, valued at $1,017,829.10. The trade was a 10.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Tompkins Financial Price Performance

NYSEAMERICAN TMP traded up $0.53 during mid-day trading on Tuesday, hitting $86.33. The stock had a trading volume of 44,035 shares, compared to its average volume of 63,886. The firm’s 50 day moving average is $81.71 and its 200 day moving average is $77.38. Tompkins Financial Corporation has a twelve month low of $59.67 and a twelve month high of $87.27. 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 stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 7.40 and a beta of 0.76.

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

Tompkins Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, May 8th. Tompkins Financial’s dividend payout ratio is presently 54.14%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Tompkins Financial

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC grew its holdings in shares of Tompkins Financial by 104.5% during the 4th quarter. SG Americas Securities LLC now owns 27,168 shares of the financial services provider’s stock worth $1,970,000 after purchasing an additional 13,884 shares during the period. LSV Asset Management grew its stake in shares of Tompkins Financial by 34.0% in the third 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 holdings 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 during the period. Vanguard Group Inc. raised its holdings 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 during the period. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of Tompkins Financial by 3.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 31,933 shares of the financial services provider’s stock valued at $2,114,000 after buying an additional 1,016 shares during the period. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

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.