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

Shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $76.17 and last traded at $75.6350, with a volume of 2730 shares. The stock had previously closed at $75.51.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TMP. Zacks Research upgraded Tompkins Financial to a “hold” rating in a report on Thursday, December 4th. Piper Sandler assumed coverage on shares of Tompkins Financial in a research report on Wednesday, December 3rd. They issued a “neutral” rating and a $74.00 target price on the stock. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $74.00.

Tompkins Financial Trading Down 0.9%

The stock has a market cap of $1.08 billion, a PE ratio of 12.81 and a beta of 0.82. The firm has a 50-day moving average price of $67.49 and a 200-day moving average price of $66.35. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.92 and a current ratio of 0.92.

Tompkins Financial (NYSEAMERICAN:TMP) last released its quarterly earnings data on Friday, October 24th. The financial services provider reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.05). The firm had revenue of $87.44 million for the quarter, compared to the consensus estimate of $87.00 million. Tompkins Financial had a net margin of 18.24% and a return on equity of 11.24%. As a group, equities analysts anticipate that Tompkins Financial Corporation will post 5.46 EPS for the current fiscal year.

Tompkins Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were given a $0.65 dividend. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Friday, November 7th. This represents a $2.60 annualized dividend and a yield of 3.5%. Tompkins Financial’s payout ratio is currently 52.53%.

Insider Activity at Tompkins Financial

In other Tompkins Financial news, Director Ita M. Rahilly bought 1,463 shares of Tompkins Financial stock in a transaction on Friday, November 21st. The stock was acquired at an average price of $68.36 per share, with a total value of $100,010.68. Following the acquisition, the director owned 10,511 shares in the company, valued at approximately $718,531.96. This trade represents a 16.17% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Tompkins Financial

Large investors have recently bought and sold shares of the business. LPL Financial LLC lifted its stake in Tompkins Financial by 12.3% during the 1st quarter. LPL Financial LLC now owns 35,507 shares of the financial services provider’s stock valued at $2,236,000 after acquiring an additional 3,881 shares during the period. Vanguard Group Inc. lifted its position in Tompkins Financial by 2.4% during the first quarter. Vanguard Group Inc. now owns 1,336,830 shares of the financial services provider’s stock valued at $84,194,000 after purchasing an additional 30,927 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Tompkins Financial by 17.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,646 shares of the financial services provider’s stock worth $859,000 after purchasing an additional 2,003 shares during the last quarter. Nuveen LLC bought a new stake in Tompkins Financial in the 1st quarter worth approximately $2,364,000. Finally, Public Sector Pension Investment Board raised its stake in Tompkins Financial by 27.2% during the 1st quarter. Public Sector Pension Investment Board now owns 39,843 shares of the financial services provider’s stock valued at $2,509,000 after buying an additional 8,525 shares during the last quarter. 69.11% of the stock is currently owned by institutional investors.

About Tompkins Financial

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.