Key Points
- Director Ita Rahilly bought 1,164 shares of Tompkins Financial at an average price of $85.90, a transaction worth about $99,987.60. The purchase lifted Rahilly’s holdings by 10.89% to 11,849 shares.
- The stock has been trading near its 52-week high, opening at $87.25 and posting a 1.7% gain in the session. Tompkins Financial has a market cap of about $1.25 billion and a P/E ratio of 7.48.
- Recent fundamentals and shareholder returns were solid: the company beat quarterly EPS estimates with $1.82 per share and paid a quarterly dividend of $0.67 per share, implying a 3.1% annual yield. Analysts currently rate the stock a Hold with an average target price of $87.00.
Tompkins Financial Corporation (NYSEAMERICAN:TMP - Get Free Report) Director Ita Rahilly purchased 1,164 shares of the business's stock in a transaction on Tuesday, May 26th. The shares were purchased at an average price of $85.90 per share, with a total value of $99,987.60. Following the completion of the purchase, the director owned 11,849 shares in the company, valued at approximately $1,017,829.10. This trade represents a 10.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Tompkins Financial Trading Up 1.7%
Tompkins Financial stock opened at $87.25 on Wednesday. The business has a 50-day simple moving average of $81.98 and a two-hundred day simple moving average of $77.52. The company has a market cap of $1.25 billion, a P/E ratio of 7.48 and a beta of 0.76. Tompkins Financial Corporation has a 52-week low of $59.67 and a 52-week high of $87.62. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47.
Tompkins Financial (NYSEAMERICAN:TMP - Get Free Report) last released its quarterly earnings results on Friday, April 24th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.71 by $0.11. The business had revenue of $83.70 million during the quarter, compared to the consensus estimate of $83.64 million. Tompkins Financial had a return on equity of 11.27% and a net margin of 28.93%. Analysts predict that Tompkins Financial Corporation will post 7.55 EPS for the current year.
Tompkins Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were paid a dividend of $0.67 per share. The ex-dividend date was Friday, May 8th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.1%. Tompkins Financial's payout ratio is 54.14%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in TMP. Hillsdale Investment Management Inc. bought a new position in shares of Tompkins Financial during the 1st quarter valued at approximately $7,340,000. Rhino Investment Partners Inc grew its stake in shares of Tompkins Financial by 88.5% during the 1st quarter. Rhino Investment Partners Inc now owns 166,941 shares of the financial services provider's stock valued at $13,162,000 after acquiring an additional 78,391 shares during the period. Adage Capital Partners GP L.L.C. bought a new position in shares of Tompkins Financial during the 4th quarter valued at approximately $4,351,000. Invesco Ltd. grew its stake in shares of Tompkins Financial by 95.9% during 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 period. Finally, Goldman Sachs Group Inc. lifted its holdings in Tompkins Financial by 43.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 102,891 shares of the financial services provider's stock worth $7,462,000 after purchasing an additional 31,171 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Piper Sandler reiterated a "neutral" rating and set a $87.00 price objective (up from $82.00) on shares of Tompkins Financial in a research note on Tuesday, April 28th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $87.00.
Get Our Latest Stock Analysis on TMP
About Tompkins Financial
(
Get Free Report)
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.
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