Tompkins Financial (NYSEAMERICAN:TMP) Reaches New 1-Year High – Should You Buy?

Tompkins Financial Corporation (NYSEAMERICAN:TMP)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $87.12 and last traded at $87.12, with a volume of 8117 shares traded. The stock had previously closed at $86.12.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reissued a “neutral” rating and issued a $87.00 price target (up from $82.00) on shares of Tompkins Financial in a report on Tuesday, April 28th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Tompkins Financial currently has a consensus rating of “Hold” and a consensus price target of $87.00.

Tompkins Financial Stock Performance

The firm has a market cap of $1.24 billion, a P/E ratio of 7.39 and a beta of 0.76. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The business’s fifty day simple moving average is $81.71 and its 200-day simple moving average is $77.38.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its quarterly earnings results on Friday, April 24th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.11. Tompkins Financial had a net margin of 28.93% and a return on equity of 11.27%. The business had revenue of $83.70 million for the quarter, compared to analyst estimates of $83.64 million. As a group, sell-side analysts expect that Tompkins Financial Corporation will post 7.55 earnings per share for the current year.

Tompkins Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, May 8th. Tompkins Financial’s dividend payout ratio (DPR) is currently 54.14%.

Institutional Investors Weigh In On Tompkins Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC lifted its position in shares of Tompkins Financial by 104.5% in the 4th quarter. SG Americas Securities LLC now owns 27,168 shares of the financial services provider’s stock worth $1,970,000 after purchasing an additional 13,884 shares during the period. LSV Asset Management lifted its position in shares of Tompkins Financial by 34.0% in the 3rd quarter. LSV Asset Management now owns 36,400 shares of the financial services provider’s stock worth $2,410,000 after purchasing an additional 9,230 shares during the period. Public Sector Pension Investment Board lifted its position in shares of Tompkins Financial by 15.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 49,494 shares of the financial services provider’s stock worth $3,277,000 after purchasing an additional 6,711 shares during the period. Vanguard Group Inc. lifted its position in shares of Tompkins Financial by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 1,385,961 shares of the financial services provider’s stock worth $100,510,000 after purchasing an additional 15,227 shares during the period. Finally, Quantbot Technologies LP lifted its position in shares of Tompkins Financial by 19.7% in the 3rd quarter. Quantbot Technologies LP now owns 2,885 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 474 shares during the period. 69.11% of the stock is owned by hedge funds and other institutional investors.

Tompkins Financial Company Profile

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.