Tompkins Financial Co. (NYSEAMERICAN:TMP) Director Janet M. Coletti Purchases 1,000 Shares

Tompkins Financial Co. (NYSEAMERICAN:TMPGet Free Report) Director Janet M. Coletti acquired 1,000 shares of the stock in a transaction on Thursday, May 16th. The shares were purchased at an average price of $47.91 per share, for a total transaction of $47,910.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $95,820. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tompkins Financial Stock Up 1.4 %

Shares of TMP opened at $49.03 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.78. The company has a market cap of $706.03 million, a PE ratio of 104.32 and a beta of 0.67. Tompkins Financial Co. has a 12 month low of $43.09 and a 12 month high of $65.54.

Tompkins Financial (NYSEAMERICAN:TMPGet Free Report) last announced its quarterly earnings data on Friday, April 26th. The financial services provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.04). The company had revenue of $72.81 million during the quarter, compared to analyst estimates of $74.91 million. Tompkins Financial had a net margin of 2.16% and a return on equity of 1.08%. As a group, research analysts anticipate that Tompkins Financial Co. will post 4.21 earnings per share for the current fiscal year.

Tompkins Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 10th were given a dividend of $0.61 per share. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, May 9th. This represents a $2.44 annualized dividend and a yield of 4.98%. Tompkins Financial’s dividend payout ratio is currently 519.15%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $50.00 price target (down from $55.00) on shares of Tompkins Financial in a research note on Friday, May 3rd.

Get Our Latest Stock Analysis on TMP

Hedge Funds Weigh In On Tompkins Financial

Hedge funds have recently bought and sold shares of the company. Cornell University acquired a new position in shares of Tompkins Financial during the 4th quarter worth $1,898,000. LVW Advisors LLC acquired a new position in Tompkins Financial during the fourth quarter worth about $246,000. SG Americas Securities LLC raised its stake in Tompkins Financial by 31.3% during the fourth quarter. SG Americas Securities LLC now owns 3,718 shares of the financial services provider’s stock worth $224,000 after acquiring an additional 887 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Tompkins Financial by 366.7% in the fourth quarter. Signaturefd LLC now owns 490 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 385 shares during the last quarter. Finally, Tompkins Financial Corp boosted its stake in shares of Tompkins Financial by 1.6% in the 4th quarter. Tompkins Financial Corp now owns 1,181,017 shares of the financial services provider’s stock valued at $71,133,000 after purchasing an additional 18,305 shares in the last quarter. 69.11% of the stock is owned by institutional investors.

Tompkins Financial Company Profile

(Get Free Report)

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.

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