Insider Buying: Tompkins Financial (NYSEAMERICAN:TMP) Director Purchases $99,987.60 in Stock

Tompkins Financial Corporation (NYSEAMERICAN:TMP) Director Ita Rahilly bought 1,164 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of $85.90 per share, for a total transaction of $99,987.60. Following the completion of the purchase, the director directly owned 11,849 shares in the company, valued at approximately $1,017,829.10. This represents a 10.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tompkins Financial Trading Down 0.6%

TMP opened at $86.52 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50 day simple moving average is $82.49 and its two-hundred day simple moving average is $77.80. Tompkins Financial Corporation has a 1-year low of $59.67 and a 1-year high of $87.90. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 7.41 and a beta of 0.76.

Tompkins Financial (NYSEAMERICAN:TMP) last released its earnings results on Friday, April 24th. The financial services provider reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.11. Tompkins Financial had a net margin of 28.93% and a return on equity of 11.27%. The business had revenue of $83.70 million for the quarter, compared to analyst estimates of $83.64 million. Analysts expect that Tompkins Financial Corporation will post 7.55 EPS for the current fiscal year.

Tompkins Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, May 8th. Tompkins Financial’s dividend payout ratio (DPR) is 54.14%.

Institutional Trading of Tompkins Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC lifted its position in Tompkins Financial by 1.2% in the first quarter. Chicago Partners Investment Group LLC now owns 11,697 shares of the financial services provider’s stock valued at $978,000 after acquiring an additional 133 shares during the last quarter. Millennium Management LLC lifted its position in Tompkins Financial by 1.1% in the fourth quarter. Millennium Management LLC now owns 16,863 shares of the financial services provider’s stock valued at $1,223,000 after acquiring an additional 183 shares during the last quarter. WINTON GROUP Ltd lifted its position in Tompkins Financial by 1.1% in the fourth quarter. WINTON GROUP Ltd now owns 19,263 shares of the financial services provider’s stock valued at $1,397,000 after acquiring an additional 206 shares during the last quarter. Savant Capital LLC lifted its position in Tompkins Financial by 4.2% in the third quarter. Savant Capital LLC now owns 5,913 shares of the financial services provider’s stock valued at $392,000 after acquiring an additional 238 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Tompkins Financial by 95.4% in the third quarter. EverSource Wealth Advisors LLC now owns 551 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler reaffirmed a “neutral” rating and set a $87.00 price target (up from $82.00) on shares of Tompkins Financial in a research report on Tuesday, April 28th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $87.00.

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.