Janet M. Coletti Buys 1,000 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) Stock

Tompkins Financial Co. (NYSEAMERICAN:TMPGet Free Report) Director Janet M. Coletti acquired 1,000 shares of Tompkins Financial stock in a transaction that occurred on Thursday, May 16th. The stock was acquired at an average cost of $47.91 per share, with a total value of $47,910.00. Following the purchase, the director now owns 2,000 shares in the company, valued at approximately $95,820. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Tompkins Financial Stock Performance

Shares of Tompkins Financial stock opened at $49.03 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $706.03 million, a PE ratio of 104.32 and a beta of 0.67. Tompkins Financial Co. has a 1-year low of $43.09 and a 1-year high of $65.54.

Tompkins Financial (NYSEAMERICAN:TMPGet Free Report) last announced its earnings results on Friday, April 26th. The financial services provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.04). The firm had revenue of $72.81 million during 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%. Equities research analysts anticipate that Tompkins Financial Co. will post 4.21 earnings per share for the current fiscal year.

Tompkins Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 10th were issued a $0.61 dividend. The ex-dividend date was Thursday, May 9th. This represents a $2.44 dividend on an annualized basis and a yield of 4.98%. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.52. Tompkins Financial’s dividend payout ratio (DPR) is 519.15%.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Report on TMP

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Tompkins Financial Corp raised its position in shares of Tompkins Financial by 1.6% during the fourth quarter. Tompkins Financial Corp now owns 1,181,017 shares of the financial services provider’s stock valued at $71,133,000 after buying an additional 18,305 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Tompkins Financial by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 530,926 shares of the financial services provider’s stock valued at $31,978,000 after acquiring an additional 22,252 shares during the period. Cornell University acquired a new position in Tompkins Financial in the 4th quarter valued at approximately $1,898,000. Charles Schwab Investment Management Inc. lifted its position in shares of Tompkins Financial by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 163,688 shares of the financial services provider’s stock worth $9,859,000 after acquiring an additional 9,442 shares during the period. Finally, ProShare Advisors LLC grew its holdings in shares of Tompkins Financial by 13.5% during the 1st quarter. ProShare Advisors LLC now owns 155,834 shares of the financial services provider’s stock worth $7,837,000 after purchasing an additional 18,579 shares in the last quarter. 69.11% of the stock is owned by institutional investors.

Tompkins Financial Company Profile

(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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