Tompkins Financial (NYSEAMERICAN:TMP) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Tompkins Financial (NYSEAMERICAN:TMP) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

Separately, Keefe, Bruyette & Woods reaffirmed a market perform rating and set a $50.00 target price (down from $55.00) on shares of Tompkins Financial in a report on Friday, May 3rd.

Tompkins Financial Trading Down 1.6 %

Shares of NYSEAMERICAN:TMP opened at $44.03 on Wednesday. The stock has a market capitalization of $634.03 million, a P/E ratio of 93.68 and a beta of 0.70. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.90 and a quick ratio of 0.90. Tompkins Financial has a 52-week low of $43.09 and a 52-week high of $65.54.

Tompkins Financial (NYSEAMERICAN:TMP) last released its quarterly earnings results 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 the consensus estimate of $74.91 million. Tompkins Financial had a net margin of 2.16% and a return on equity of 1.08%. On average, equities research analysts anticipate that Tompkins Financial will post 4.21 earnings per share for the current year.

Tompkins Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 10th were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date was Thursday, May 9th. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.52. Tompkins Financial’s dividend payout ratio (DPR) is currently 519.15%.

Insider Buying and Selling at Tompkins Financial

In other Tompkins Financial news, Director Janet M. Coletti bought 1,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was bought at an average cost of $47.91 per share, with a total value of $47,910.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $95,820. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TMP. Barclays PLC boosted its holdings in Tompkins Financial by 8.2% during the third quarter. Barclays PLC now owns 15,832 shares of the financial services provider’s stock worth $776,000 after purchasing an additional 1,205 shares during the last quarter. Quantbot Technologies LP purchased a new position in Tompkins Financial in the third quarter valued at about $101,000. Charles Schwab Investment Management Inc. boosted its stake in Tompkins Financial by 5.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 154,246 shares of the financial services provider’s stock valued at $7,557,000 after acquiring an additional 8,205 shares during the last quarter. Coombe Bender & Co LLC boosted its stake in Tompkins Financial by 3.9% in the third quarter. Coombe Bender & Co LLC now owns 35,320 shares of the financial services provider’s stock valued at $1,730,000 after acquiring an additional 1,315 shares during the last quarter. Finally, Numerai GP LLC purchased a new stake in shares of Tompkins Financial during the 3rd quarter valued at approximately $419,000. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

Tompkins Financial Company Profile

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.