Key Points
- Director Ita Rahilly purchased 1,463 shares on November 21 at an average price of $68.36 for a total of $100,010.68, increasing her holdings to 10,511 shares (a 16.17% rise), per an SEC filing.
- Tompkins Financial raised its quarterly dividend to $0.65 (annualized $2.60), implying a yield of about 3.8% and a payout ratio of 50.1%.
- The company reported $1.65 EPS for the quarter (missing estimates by $0.05) with revenue of $87.44M; the stock has a market cap of roughly $981M and a PE of 11.54.
Tompkins Financial Corporation (NYSEAMERICAN:TMP - Get Free Report) Director Ita Rahilly purchased 1,463 shares of the company's stock in a transaction on Friday, November 21st. The shares were bought at an average price of $68.36 per share, for a total transaction of $100,010.68. Following the completion of the transaction, the director directly owned 10,511 shares in the company, valued at $718,531.96. This represents a 16.17% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Tompkins Financial Trading Down 0.3%
Tompkins Financial stock opened at $67.99 on Tuesday. Tompkins Financial Corporation has a 12-month low of $54.16 and a 12-month high of $79.01. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.95. The stock has a market capitalization of $981.10 million, a PE ratio of 11.54 and a beta of 0.88. The firm has a 50 day simple moving average of $66.23 and a 200-day simple moving average of $65.39.
Tompkins Financial (NYSEAMERICAN:TMP - Get Free Report) last announced its earnings results on Friday, October 24th. The financial services provider reported $1.65 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.05). The firm had revenue of $87.44 million for the quarter, compared to the consensus estimate of $87.00 million. Tompkins Financial had a return on equity of 11.24% and a net margin of 18.24%. As a group, equities research analysts expect that Tompkins Financial Corporation will post 5.46 EPS for the current fiscal year.
Tompkins Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 3.8%. This is a positive change from Tompkins Financial's previous quarterly dividend of $0.62. The ex-dividend date was Friday, November 7th. Tompkins Financial's payout ratio is currently 50.10%.
Institutional Investors Weigh In On Tompkins Financial
Hedge funds and other institutional investors have recently bought and sold shares of the business. Invesco Ltd. lifted 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 last quarter. Nuveen LLC bought a new stake in Tompkins Financial during the first quarter worth approximately $2,364,000. Jacobs Levy Equity Management Inc. lifted its position in shares of Tompkins Financial by 663.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 40,517 shares of the financial services provider's stock valued at $2,552,000 after acquiring an additional 35,207 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Tompkins Financial by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 1,336,830 shares of the financial services provider's stock worth $84,194,000 after acquiring an additional 30,927 shares in the last quarter. Finally, LSV Asset Management acquired a new position in shares of Tompkins Financial in the 2nd quarter worth $1,704,000. 69.11% of the stock is currently owned by institutional investors.
Tompkins Financial Company Profile
(
Get Free Report)
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.
Further Reading
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