Shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP – Get Free Report) hit a new 52-week high on Friday . The company traded as high as $88.00 and last traded at $87.7010, with a volume of 67679 shares trading hands. The stock had previously closed at $86.72.
Analysts Set New Price Targets
Separately, Piper Sandler reiterated a “neutral” rating and set 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 MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $87.00.
Get Our Latest Stock Report on Tompkins Financial
Tompkins Financial Stock Up 0.8%
Tompkins Financial (NYSEAMERICAN:TMP – Get Free Report) last announced its quarterly earnings data on Friday, April 24th. The financial services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.11. The company had revenue of $83.70 million for the quarter, compared to the consensus estimate of $83.64 million. Tompkins Financial had a net margin of 28.93% and a return on equity of 11.27%. As a group, analysts predict that Tompkins Financial Corporation will post 7.55 EPS for the current year.
Tompkins Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders 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 yield of 3.1%. Tompkins Financial’s dividend payout ratio (DPR) 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 shares were acquired at an average price of $85.90 per share, for a total transaction of $99,987.60. Following the acquisition, 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 SEC, which can be accessed through the SEC website. Corporate insiders own 2.52% of the company’s stock.
Institutional Investors Weigh In On Tompkins Financial
Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in Tompkins Financial by 95.4% in the third quarter. EverSource Wealth Advisors LLC now owns 551 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 269 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Tompkins Financial by 59,550.0% in the 4th quarter. IFP Advisors Inc now owns 1,193 shares of the financial services provider’s stock valued at $87,000 after buying an additional 1,191 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Tompkins Financial in the 4th quarter valued at $118,000. Quantbot Technologies LP purchased a new position in shares of Tompkins Financial in the 2nd quarter valued at $151,000. Finally, Eurizon Capital SGR S.p.A. purchased a new position in shares of Tompkins Financial in the 4th quarter valued at $171,000. Hedge funds and other institutional investors 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.
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