Tompkins Financial (NYSEAMERICAN:TMP) Reaches New 1-Year High – Here’s What Happened

Tompkins Financial Corporation (NYSEAMERICAN:TMPGet Free Report) shares reached a new 52-week high on Thursday . The company traded as high as $91.00 and last traded at $90.23, with a volume of 86327 shares trading hands. The stock had previously closed at $89.48.

Analysts Set New Price Targets

Separately, Piper Sandler reaffirmed a “neutral” rating and set a $87.00 price target (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.com, the company presently has a consensus rating of “Hold” and a consensus target price of $87.00.

View Our Latest Stock Analysis on TMP

Tompkins Financial Stock Performance

The stock has a fifty day moving average price of $84.51 and a two-hundred day moving average price of $79.09. The company has a market cap of $1.30 billion, a P/E ratio of 7.73 and a beta of 0.75. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94.

Tompkins Financial (NYSEAMERICAN:TMPGet Free Report) last announced its earnings results on Friday, April 24th. The financial services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.71 by $0.11. Tompkins Financial had a return on equity of 11.27% and a net margin of 28.93%.The firm had revenue of $83.70 million for the quarter, compared to analysts’ expectations of $83.64 million. On average, equities analysts forecast that Tompkins Financial Corporation will post 7.55 earnings per share for the current fiscal year.

Tompkins Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.68 annualized dividend and a yield of 3.0%. Tompkins Financial’s payout ratio is presently 54.14%.

Insider Buying and Selling

In other news, Director Ita M. Rahilly bought 1,164 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average price of $85.90 per share, with a total value of $99,987.60. Following the completion of the acquisition, the director directly owned 11,849 shares in the company, valued at approximately $1,017,829.10. This trade represents a 10.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tompkins Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in Tompkins Financial by 95.4% during the third quarter. EverSource Wealth Advisors LLC now owns 551 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 269 shares in the last quarter. IFP Advisors Inc raised its holdings in Tompkins Financial by 59,550.0% during the fourth quarter. IFP Advisors Inc now owns 1,193 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 1,191 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Tompkins Financial during the fourth quarter worth approximately $118,000. Quantbot Technologies LP bought a new stake in Tompkins Financial during the second quarter worth approximately $151,000. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of Tompkins Financial in the fourth quarter valued at $171,000. Institutional investors own 69.11% of the company’s stock.

Tompkins Financial Company Profile

(Get Free Report)

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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