Tompkins Financial Co. (NYSEAMERICAN:TMP) Director Angela B. Lee Purchases 286 Shares

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

Tompkins Financial Stock Down 1.7 %

NYSEAMERICAN TMP opened at $65.95 on Wednesday. Tompkins Financial Co. has a 52 week low of $43.09 and a 52 week high of $79.01. The stock has a market cap of $949.02 million, a PE ratio of 14.24 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 (NYSEAMERICAN:TMP) last announced its earnings results on Friday, October 25th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.09. Tompkins Financial had a net margin of 15.59% and a return on equity of 9.68%. The company had revenue of $112.51 million during the quarter. During the same quarter last year, the firm posted ($2.35) earnings per share.

Tompkins Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.76%. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.61. The ex-dividend date was Friday, November 8th. Tompkins Financial’s dividend payout ratio is 53.56%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TMP. Keefe, Bruyette & Woods upgraded shares of Tompkins Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $59.00 to $68.00 in a research report on Wednesday, October 2nd. Piper Sandler assumed coverage on Tompkins Financial in a report on Friday, December 20th. They set a “neutral” rating and a $70.00 price target on the stock.

Hedge Funds Weigh In On Tompkins Financial

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in Tompkins Financial by 17.9% during the fourth quarter. GAMMA Investing LLC now owns 1,034 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 157 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Tompkins Financial by 238.8% during the 4th quarter. Versant Capital Management Inc now owns 603 shares of the financial services provider’s stock valued at $41,000 after buying an additional 425 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Tompkins Financial by 139.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 62,286 shares of the financial services provider’s stock worth $3,600,000 after buying an additional 36,231 shares during the period. Barclays PLC increased its stake in Tompkins Financial by 115.7% in the 3rd quarter. Barclays PLC now owns 25,878 shares of the financial services provider’s stock worth $1,496,000 after buying an additional 13,878 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Tompkins Financial by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 291,312 shares of the financial services provider’s stock worth $16,839,000 after buying an additional 1,766 shares in the last quarter. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

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.