Tompkins Financial (NYSEAMERICAN:TMP) Hits New 12-Month High – What’s Next?

Tompkins Financial Corporation (NYSEAMERICAN:TMP) reached a new 52-week high on Wednesday . The company traded as high as $93.04 and last traded at $93.0230, with a volume of 60547 shares trading hands. The stock had previously closed at $91.92.

Analysts Set New Price Targets

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

Tompkins Financial Trading Down 0.7%

The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $1.33 billion, a P/E ratio of 7.96 and a beta of 0.75. The firm’s fifty day simple moving average is $86.41 and its 200 day simple moving average is $80.70.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its quarterly earnings data 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 $83.69 million for the quarter, compared to analysts’ expectations of $83.64 million. Tompkins Financial had a net margin of 28.93% and a return on equity of 11.27%. As a group, equities research analysts forecast that Tompkins Financial Corporation will post 7.55 EPS for the current fiscal 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 given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, May 8th. Tompkins Financial’s dividend payout ratio is currently 54.14%.

Insider Buying and Selling

In related news, Director Ita M. Rahilly bought 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, for a total transaction of $99,987.60. Following the completion of the transaction, the director directly owned 11,849 shares of the company’s stock, valued at approximately $1,017,829.10. This represents a 10.89% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 2.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tompkins Financial

Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in Tompkins Financial by 95.4% in the third quarter. EverSource Wealth Advisors LLC now owns 551 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 269 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Tompkins Financial by 59,550.0% in the fourth quarter. IFP Advisors Inc now owns 1,193 shares of the financial services provider’s stock valued at $87,000 after buying an additional 1,191 shares during the period. Kestra Advisory Services LLC bought a new position in Tompkins Financial in the 4th quarter valued at approximately $118,000. Quantbot Technologies LP acquired a new stake in Tompkins Financial during the 2nd quarter worth approximately $151,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in Tompkins Financial during the 4th quarter worth approximately $171,000. Institutional investors and hedge funds own 69.11% of the company’s stock.

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.