Insider Buying: Tompkins Financial Co. (NYSEAMERICAN:TMP) Director Acquires 286 Shares of Stock

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

Tompkins Financial Price Performance

Shares of NYSEAMERICAN TMP traded down $0.71 during midday trading on Tuesday, reaching $66.35. 15,908 shares of the company traded hands, compared to its average volume of 35,251. The stock has a market cap of $954.78 million, a P/E ratio of 14.33 and a beta of 0.72. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.75. Tompkins Financial Co. has a 52 week low of $43.09 and a 52 week high of $79.01.

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

Tompkins Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were issued a dividend of $0.62 per share. The ex-dividend date was Friday, November 8th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.74%. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.61. Tompkins Financial’s payout ratio is currently 53.56%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TMP shares. Keefe, Bruyette & Woods raised Tompkins Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $59.00 to $68.00 in a research report on Wednesday, October 2nd. Piper Sandler started coverage on Tompkins Financial in a research note on Friday, December 20th. They issued a “neutral” rating and a $70.00 target price on the stock.

Institutional Trading of Tompkins Financial

Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its stake in Tompkins Financial by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 126,288 shares of the financial services provider’s stock valued at $6,175,000 after acquiring an additional 11,140 shares during the last quarter. WINTON GROUP Ltd raised its stake in Tompkins Financial by 32.9% during the 2nd quarter. WINTON GROUP Ltd now owns 20,168 shares of the financial services provider’s stock valued at $986,000 after purchasing an additional 4,996 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Tompkins Financial by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 571,421 shares of the financial services provider’s stock valued at $27,941,000 after purchasing an additional 34,752 shares during the period. Sei Investments Co. increased its holdings in shares of Tompkins Financial by 23.8% during the 2nd quarter. Sei Investments Co. now owns 5,194 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 1,000 shares during the period. Finally, Public Sector Pension Investment Board raised its position in shares of Tompkins Financial by 6.4% during the second quarter. Public Sector Pension Investment Board now owns 27,569 shares of the financial services provider’s stock valued at $1,348,000 after buying an additional 1,662 shares during the last quarter. Hedge funds and other 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.