Tompkins Financial (NYSEAMERICAN:TMP) Earns Market Perform Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their market perform rating on shares of Tompkins Financial (NYSEAMERICAN:TMP) in a research note issued to investors on Friday morning, Benzinga reports. The brokerage currently has a $50.00 target price on the financial services provider’s stock, down from their previous target price of $55.00.

Separately, StockNews.com raised shares of Tompkins Financial to a sell rating in a research note on Friday, January 12th.

Tompkins Financial Stock Up 1.0 %

Shares of TMP stock opened at $47.32 on Friday. The stock has a market capitalization of $681.88 million, a PE ratio of 100.68 and a beta of 0.67. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.90 and a quick ratio of 0.90. Tompkins Financial has a one year low of $43.09 and a one year high of $65.54.

Tompkins Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be issued a $0.61 dividend. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.52. This represents a $2.44 annualized dividend and a dividend yield of 5.16%. The ex-dividend date is Thursday, May 9th. Tompkins Financial’s dividend payout ratio is 510.64%.

Insider Transactions at Tompkins Financial

In related news, Director Ita M. Rahilly purchased 1,982 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were purchased at an average price of $50.46 per share, with a total value of $100,011.72. Following the completion of the purchase, the director now owns 8,454 shares in the company, valued at approximately $426,588.84. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 4.50% of the stock is currently owned by insiders.

Institutional Trading of Tompkins Financial

Institutional investors have recently modified their holdings of the company. Massmutual Trust Co. FSB ADV acquired a new stake in Tompkins Financial in the 4th quarter valued at $27,000. CNB Bank acquired a new stake in shares of Tompkins Financial in the third quarter valued at about $28,000. Signaturefd LLC raised its holdings in Tompkins Financial by 366.7% during the fourth quarter. Signaturefd LLC now owns 490 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 385 shares in the last quarter. Quantbot Technologies LP acquired a new position in Tompkins Financial during the third quarter valued at approximately $101,000. Finally, PNC Financial Services Group Inc. boosted its position in Tompkins Financial by 107.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,801 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 932 shares during the last quarter. 69.11% of the stock is currently owned by institutional investors.

Tompkins Financial Company Profile

Tompkins Financial Corporation, a financial holding company, provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance services. The company operates through three segments: Banking, Insurance, and Wealth Management. It accepts various deposit products, including checking and savings accounts, time deposits, and IRA products, as well as brokered, reciprocal, and municipal money market deposits.