Tompkins Financial (NYSEAMERICAN:TMP) Reaches New 52-Week High – What’s Next?

Tompkins Financial Co. (NYSEAMERICAN:TMP) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $65.92 and last traded at $65.80, with a volume of 25840 shares trading hands. The stock had previously closed at $64.71.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TMP. StockNews.com raised Tompkins Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Keefe, Bruyette & Woods upgraded shares of Tompkins Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $59.00 to $68.00 in a research report on Wednesday, October 2nd.

Tompkins Financial Trading Down 2.8 %

The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $924.05 million, a price-to-earnings ratio of 65.48 and a beta of 0.69.

Tompkins Financial (NYSEAMERICAN:TMP) last released its quarterly earnings results on Friday, July 26th. The financial services provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.20. Tompkins Financial had a return on equity of 2.16% and a net margin of 4.11%. The business had revenue of $107.02 million for the quarter.

Tompkins Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date was Friday, August 9th. Tompkins Financial’s dividend payout ratio is currently 248.98%.

Hedge Funds Weigh In On Tompkins Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TMP. Virtu Financial LLC purchased a new position in shares of Tompkins Financial during the 4th quarter worth approximately $318,000. PNC Financial Services Group Inc. raised its holdings in shares of Tompkins Financial by 107.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,801 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 932 shares during the last quarter. Cardinal Capital Management raised its holdings in shares of Tompkins Financial by 62.2% in the first quarter. Cardinal Capital Management now owns 11,559 shares of the financial services provider’s stock worth $581,000 after acquiring an additional 4,433 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Tompkins Financial by 1.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 35,803 shares of the financial services provider’s stock valued at $1,801,000 after acquiring an additional 575 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Tompkins Financial by 76.5% during the first quarter. BNP Paribas Financial Markets now owns 6,886 shares of the financial services provider’s stock valued at $346,000 after acquiring an additional 2,985 shares during the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

About Tompkins Financial

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.