Tompkins Financial (NYSEAMERICAN:TMP) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their market perform rating on shares of Tompkins Financial (NYSEAMERICAN:TMP) in a research report report published on Friday, Benzinga reports. The brokerage currently has a $50.00 price target on the financial services provider’s stock, down from their prior price target of $55.00.

Separately, StockNews.com upgraded shares of Tompkins Financial to a sell rating in a research note on Friday, January 12th.

Tompkins Financial Stock Performance

Shares of TMP stock opened at $47.53 on Friday. Tompkins Financial has a fifty-two week low of $43.09 and a fifty-two week high of $65.54. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $684.91 million, a PE ratio of 101.13 and a beta of 0.67.

Tompkins Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, May 9th. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.52. This represents a $2.44 dividend on an annualized basis and a yield of 5.13%. Tompkins Financial’s dividend payout ratio is currently 510.64%.

Insider Activity

In other news, Director Ita M. Rahilly acquired 1,982 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was bought at an average cost of $50.46 per share, for a total transaction of $100,011.72. Following the purchase, the director now owns 8,454 shares in the company, valued at $426,588.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Tompkins Financial

Several large investors have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV acquired a new position in Tompkins Financial during the fourth quarter worth $27,000. CNB Bank acquired a new position in shares of Tompkins Financial during the 3rd quarter valued at about $28,000. Signaturefd LLC grew its holdings in shares of Tompkins Financial by 366.7% in the fourth quarter. Signaturefd LLC now owns 490 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 385 shares during the period. Quantbot Technologies LP acquired a new stake in Tompkins Financial during the third quarter worth about $101,000. Finally, PNC Financial Services Group Inc. raised its stake in Tompkins Financial by 107.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,801 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 932 shares during the period. Hedge funds and other institutional investors own 69.11% of the company’s stock.

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.