Tompkins Financial (NYSEAMERICAN:TMP) Sets New 1-Year High – Should You Buy?

Tompkins Financial Corporation (NYSEAMERICAN:TMP) shares hit a new 52-week high on Tuesday . The company traded as high as $76.17 and last traded at $75.6350, with a volume of 2730 shares trading hands. The stock had previously closed at $75.51.

Analyst Ratings Changes

Several brokerages have issued reports on TMP. Piper Sandler began coverage on shares of Tompkins Financial in a research report on Wednesday, December 3rd. They set a “neutral” rating and a $74.00 target price for the company. Zacks Research raised shares of Tompkins Financial to a “hold” rating in a report on Thursday, December 4th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $74.00.

Tompkins Financial Price Performance

The stock has a market capitalization of $1.08 billion, a PE ratio of 12.81 and a beta of 0.82. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.92. The firm’s 50 day simple moving average is $67.49 and its 200 day simple moving average is $66.35.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its quarterly earnings data on Friday, October 24th. The financial services provider reported $1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.05). Tompkins Financial had a net margin of 18.24% and a return on equity of 11.24%. The business had revenue of $87.44 million during the quarter, compared to analysts’ expectations of $87.00 million. As a group, equities analysts forecast that Tompkins Financial Corporation will post 5.46 EPS for the current fiscal year.

Tompkins Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were issued a dividend of $0.65 per share. The ex-dividend date was Friday, November 7th. This represents a $2.60 annualized dividend and a yield of 3.5%. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.62. Tompkins Financial’s dividend payout ratio (DPR) is currently 52.53%.

Insider Transactions at Tompkins Financial

In related news, Director Ita M. Rahilly purchased 1,463 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were acquired at an average cost of $68.36 per share, with a total value of $100,010.68. Following the purchase, the director directly owned 10,511 shares of the company’s stock, valued at approximately $718,531.96. This trade represents a 16.17% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 4.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its position in shares of Tompkins Financial by 95.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 551 shares of the financial services provider’s stock worth $36,000 after buying an additional 269 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Tompkins Financial in the second quarter worth $151,000. Allworth Financial LP boosted its holdings in Tompkins Financial by 3,207.7% in the second quarter. Allworth Financial LP now owns 2,580 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 2,502 shares in the last quarter. CWM LLC increased its position in Tompkins Financial by 122.6% during the 3rd quarter. CWM LLC now owns 2,812 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 1,549 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Tompkins Financial during the 2nd quarter valued at $202,000. Institutional investors 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.