Tompkins Financial Corporation (NYSEAMERICAN:TMP – Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $93.04 and last traded at $93.0230, with a volume of 60547 shares trading hands. The stock had previously closed at $91.92.
Analysts Set New Price Targets
Separately, Piper Sandler reiterated a “neutral” rating and issued a $87.00 price target (up from $82.00) on shares of Tompkins Financial in a research note on Tuesday, April 28th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $87.00.
Check Out Our Latest Report on Tompkins Financial
Tompkins Financial Stock Performance
Tompkins Financial (NYSEAMERICAN:TMP – Get Free Report) last posted its earnings results on Friday, April 24th. The financial services provider reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.11. Tompkins Financial had a net margin of 28.93% and a return on equity of 11.27%. The firm had revenue of $83.69 million for the quarter, compared to analyst estimates of $83.64 million. As a group, equities analysts predict that Tompkins Financial Corporation will post 7.55 earnings per share for the current fiscal year.
Tompkins Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, May 8th. Tompkins Financial’s dividend payout ratio is presently 54.14%.
Insiders Place Their Bets
In related news, Director Ita M. Rahilly bought 1,164 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average price of $85.90 per share, with a total value of $99,987.60. Following the completion of the transaction, the director directly owned 11,849 shares in the company, valued at approximately $1,017,829.10. This represents a 10.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.52% of the company’s stock.
Institutional Trading of Tompkins Financial
A number of large investors have recently added to or reduced their stakes in TMP. EverSource Wealth Advisors LLC boosted its position in shares of 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 acquiring an additional 269 shares during the period. IFP Advisors Inc lifted its stake in 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 worth $87,000 after purchasing an additional 1,191 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Tompkins Financial in the 4th quarter worth approximately $118,000. Quantbot Technologies LP bought a new position in Tompkins Financial in the 2nd quarter valued at $151,000. Finally, Eurizon Capital SGR S.p.A. bought a new position in 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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