Tompkins Financial (NYSEAMERICAN:TMP) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Tompkins Financial (NYSEAMERICAN:TMP) from a sell rating to a hold rating in a report issued on Saturday morning.

Separately, Keefe, Bruyette & Woods reiterated a market perform rating and set a $59.00 target price (up previously from $50.00) on shares of Tompkins Financial in a research note on Monday, July 29th.

Tompkins Financial Stock Performance

NYSEAMERICAN TMP traded down $1.72 during trading hours on Friday, hitting $58.85. 74,449 shares of the company traded hands, compared to its average volume of 70,715. Tompkins Financial has a twelve month low of $43.09 and a twelve month high of $65.54. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.90 and a current ratio of 0.94. The stock has a market capitalization of $847.44 million, a PE ratio of 125.21 and a beta of 0.70.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its quarterly earnings results on Friday, July 26th. The financial services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.90 by $0.20. The firm had revenue of $107.02 million during the quarter. Tompkins Financial had a return on equity of 2.16% and a net margin of 4.11%.

Tompkins Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 9th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 4.15%. The ex-dividend date is Friday, August 9th. Tompkins Financial’s dividend payout ratio (DPR) is 519.15%.

Insider Buying and Selling

In other news, Director Janet M. Coletti acquired 1,000 shares of Tompkins Financial stock in a transaction that occurred on Thursday, May 16th. The shares were acquired at an average price of $47.91 per share, for a total transaction of $47,910.00. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $95,820. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tompkins Financial

A number of institutional investors have recently made changes to their positions in TMP. Bank of New York Mellon Corp lifted its stake in shares of Tompkins Financial by 9.7% in the 2nd 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 purchasing an additional 11,140 shares during the period. SG Americas Securities LLC acquired a new position in shares of Tompkins Financial in the 2nd quarter valued at about $282,000. Cardinal Capital Management lifted its stake in shares of Tompkins Financial by 11.3% in the 2nd quarter. Cardinal Capital Management now owns 12,863 shares of the financial services provider’s stock valued at $629,000 after purchasing an additional 1,304 shares during the period. CWM LLC lifted its stake in shares of Tompkins Financial by 253.2% in the 2nd quarter. CWM LLC now owns 890 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 638 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Tompkins Financial by 15.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,579 shares of the financial services provider’s stock valued at $834,000 after purchasing an additional 2,214 shares during the period. Institutional investors own 69.11% of the company’s stock.

Tompkins Financial Company Profile

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.