Tompkins Financial (NYSEAMERICAN:TMP) Shares Cross Above Fifty Day Moving Average of $0.00

Tompkins Financial Co. (NYSEAMERICAN:TMPGet Free Report) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.00 and traded as high as $48.00. Tompkins Financial shares last traded at $47.36, with a volume of 31,793 shares changing hands.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $50.00 price target (down from $55.00) on shares of Tompkins Financial in a report on Friday, May 3rd.

View Our Latest Stock Report on TMP

Tompkins Financial Price Performance

The company has a debt-to-equity ratio of 0.78, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $681.98 million, a price-to-earnings ratio of 99.87 and a beta of 0.67.

Tompkins Financial (NYSEAMERICAN:TMPGet Free Report) last issued its quarterly earnings data on Friday, April 26th. The financial services provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.04). The company had revenue of $72.81 million for the quarter, compared to the consensus estimate of $74.91 million. Tompkins Financial had a return on equity of 1.08% and a net margin of 2.16%. On average, sell-side analysts predict that Tompkins Financial Co. will post 4.21 earnings per share for the current fiscal year.

Tompkins Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 10th will be paid a dividend of $0.61 per share. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.52. This represents a $2.44 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend is Thursday, May 9th. Tompkins Financial’s dividend payout ratio is presently 519.15%.

Insider Buying and Selling

In related news, Director Ita M. Rahilly acquired 1,982 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was purchased at an average cost of $50.46 per share, for a total transaction of $100,011.72. Following the purchase, the director now directly owns 8,454 shares in the company, valued at $426,588.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Massmutual Trust Co. FSB ADV acquired a new stake in shares of Tompkins Financial in the fourth quarter valued at $27,000. CNB Bank acquired a new stake in shares of Tompkins Financial in the third quarter valued at $28,000. Signaturefd LLC lifted 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 buying an additional 385 shares during the period. EntryPoint Capital LLC lifted its holdings in shares of Tompkins Financial by 88.3% in the first quarter. EntryPoint Capital LLC now owns 1,474 shares of the financial services provider’s stock valued at $74,000 after buying an additional 691 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Tompkins Financial in the third quarter valued at $101,000. Institutional investors own 69.11% of the company’s stock.

About Tompkins Financial

(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.

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