Tompkins Financial (NYSEAMERICAN:TMP) Shares Gap Down – What’s Next?

Tompkins Financial Corporation (NYSEAMERICAN:TMP)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $84.72, but opened at $80.72. Tompkins Financial shares last traded at $82.5850, with a volume of 5,091 shares changing hands.

Tompkins Financial Price Performance

The business has a fifty day moving average of $79.54 and a 200 day moving average of $74.48. The firm has a market cap of $1.19 billion, a P/E ratio of 7.39 and a beta of 0.73. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.60.

Tompkins Financial (NYSEAMERICAN:TMP) last released its quarterly earnings data on Friday, April 24th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.11. Tompkins Financial had a return on equity of 11.19% and a net margin of 27.82%.The company had revenue of $71.86 million during the quarter, compared to analysts’ expectations of $83.64 million. On average, sell-side analysts anticipate that Tompkins Financial Corporation will post 7.25 earnings per share for the current year.

Tompkins Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, February 22nd. Shareholders of record on Friday, February 13th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.2%. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Friday, February 13th. Tompkins Financial’s dividend payout ratio (DPR) is presently 54.14%.

Institutional Trading of Tompkins Financial

A number of hedge funds have recently modified their holdings of TMP. Adage Capital Partners GP L.L.C. bought a new stake in shares of Tompkins Financial during the 4th quarter worth about $4,351,000. Invesco Ltd. raised its holdings in Tompkins Financial by 95.9% in the 2nd quarter. Invesco Ltd. now owns 98,191 shares of the financial services provider’s stock valued at $6,160,000 after acquiring an additional 48,064 shares during the period. Goldman Sachs Group Inc. lifted its position in Tompkins Financial by 43.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 102,891 shares of the financial services provider’s stock worth $7,462,000 after acquiring an additional 31,171 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Tompkins Financial by 62.3% during the fourth quarter. AQR Capital Management LLC now owns 68,928 shares of the financial services provider’s stock worth $4,999,000 after acquiring an additional 26,457 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Tompkins Financial by 290.9% in the first quarter. Jane Street Group LLC now owns 24,706 shares of the financial services provider’s stock valued at $1,556,000 after purchasing an additional 18,385 shares during the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

About Tompkins Financial

Tompkins Financial (NYSEAMERICAN:TMP) is a bank holding company headquartered in Ithaca, New York, that provides a diversified range of financial services. Through its principal banking subsidiary, Tompkins Trust Company, the firm offers commercial and consumer banking products including checking and savings accounts, mortgage loans, and credit facilities. Beyond traditional banking, Tompkins Financial delivers asset management, trust and estate planning, retirement services and investment advisory solutions.

In addition to its core banking operations, Tompkins Financial operates Tompkins Insurance Agencies, which offers property and casualty, life and health insurance coverages to individuals and businesses.