Tompkins Financial Co. (NYSEAMERICAN:TMP) Director Buys $19,182.02 in Stock

Tompkins Financial Co. (NYSEAMERICAN:TMP) Director Angela B. Lee purchased 286 shares of the stock in a transaction on Tuesday, January 7th. The stock was acquired at an average cost of $67.07 per share, for a total transaction of $19,182.02. Following the acquisition, the director now owns 286 shares in the company, valued at approximately $19,182.02. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Tompkins Financial Stock Up 0.2 %

Shares of TMP stock opened at $66.11 on Friday. Tompkins Financial Co. has a 12-month low of $43.09 and a 12-month high of $79.01. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $951.32 million, a price-to-earnings ratio of 14.28 and a beta of 0.72.

Tompkins Financial (NYSEAMERICAN:TMP) last released its earnings results on Friday, October 25th. The financial services provider reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.09. The company had revenue of $112.51 million during the quarter. Tompkins Financial had a return on equity of 9.68% and a net margin of 15.59%. During the same quarter in the previous year, the firm earned ($2.35) EPS.

Tompkins Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were paid a $0.62 dividend. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.75%. Tompkins Financial’s dividend payout ratio is 53.56%.

Hedge Funds Weigh In On Tompkins Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in Tompkins Financial by 17.9% during the 4th quarter. GAMMA Investing LLC now owns 1,034 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 157 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Tompkins Financial by 238.8% during the fourth quarter. Versant Capital Management Inc now owns 603 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 425 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Tompkins Financial by 139.1% in the third quarter. JPMorgan Chase & Co. now owns 62,286 shares of the financial services provider’s stock worth $3,600,000 after purchasing an additional 36,231 shares during the last quarter. Barclays PLC increased its stake in shares of Tompkins Financial by 115.7% in the third quarter. Barclays PLC now owns 25,878 shares of the financial services provider’s stock worth $1,496,000 after buying an additional 13,878 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Tompkins Financial by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 291,312 shares of the financial services provider’s stock valued at $16,839,000 after buying an additional 1,766 shares during the last quarter. Institutional investors own 69.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TMP. Keefe, Bruyette & Woods upgraded shares of Tompkins Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $59.00 to $68.00 in a research report on Wednesday, October 2nd. Piper Sandler started coverage on shares of Tompkins Financial in a research note on Friday, December 20th. They issued a “neutral” rating and a $70.00 price target for the company.

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.