Tompkins Financial (NYSEAMERICAN:TMP) Shares Gap Down – Time to Sell?

Tompkins Financial Corporation (NYSEAMERICAN:TMP)’s share price gapped down prior to trading on Friday . The stock had previously closed at $84.72, but opened at $80.72. Tompkins Financial shares last traded at $82.5850, with a volume of 5,091 shares trading hands.

Tompkins Financial Stock Down 2.1%

The firm’s 50-day simple moving average is $79.54 and its 200 day simple moving average is $74.48. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $1.19 billion, a P/E ratio of 7.39 and a beta of 0.73.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its quarterly earnings data on Friday, April 24th. The financial services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.11. The company had revenue of $71.86 million during the quarter, compared to analysts’ expectations of $83.64 million. Tompkins Financial had a return on equity of 11.19% and a net margin of 27.82%. As a group, research analysts expect that Tompkins Financial Corporation will post 7.25 EPS for the current year.

Tompkins Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, February 22nd. Shareholders of record on Friday, February 13th were paid a $0.67 dividend. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.65. This represents a $2.68 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, February 13th. Tompkins Financial’s dividend payout ratio is 54.14%.

Institutional Investors Weigh In On Tompkins Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Tompkins Financial by 1.1% in the fourth 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 in the last quarter. Geode Capital Management LLC lifted its stake in Tompkins Financial by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 316,607 shares of the financial services provider’s stock valued at $22,962,000 after acquiring an additional 4,673 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Tompkins Financial by 6.9% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 118,739 shares of the financial services provider’s stock valued at $7,862,000 after acquiring an additional 7,674 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Tompkins Financial by 43.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 102,891 shares of the financial services provider’s stock valued at $7,462,000 after acquiring an additional 31,171 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Tompkins Financial by 95.9% during the 2nd quarter. Invesco Ltd. now owns 98,191 shares of the financial services provider’s stock worth $6,160,000 after purchasing an additional 48,064 shares during the last quarter. 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.