Tompkins Financial Co. (NYSEAMERICAN:TMP) Director Angela B. Lee Purchases 286 Shares

Tompkins Financial Co. (NYSEAMERICAN:TMP) Director Angela B. Lee acquired 286 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was purchased at an average price of $67.07 per share, for a total transaction of $19,182.02. Following the completion of the transaction, the director now directly owns 286 shares in the company, valued at approximately $19,182.02. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Tompkins Financial Trading Up 0.2 %

TMP stock opened at $66.11 on Thursday. The stock has a market cap of $951.32 million, a price-to-earnings ratio of 14.28 and a beta of 0.72. Tompkins Financial Co. has a 1 year low of $43.09 and a 1 year high of $79.01. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.92 and a quick ratio of 0.92.

Tompkins Financial (NYSEAMERICAN:TMP) last released its earnings results on Friday, October 25th. The financial services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.21 by $0.09. The firm had revenue of $112.51 million for the quarter. Tompkins Financial had a return on equity of 9.68% and a net margin of 15.59%. During the same quarter in the previous year, the firm posted ($2.35) EPS.

Tompkins Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were issued a $0.62 dividend. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.48 annualized dividend and a dividend yield of 3.75%. Tompkins Financial’s dividend payout ratio (DPR) is presently 53.56%.

Hedge Funds Weigh In On Tompkins Financial

Several hedge funds and other institutional investors have recently made changes to their positions in TMP. nVerses Capital LLC lifted its holdings in Tompkins Financial by 100.0% during the 3rd quarter. nVerses Capital LLC now owns 600 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 300 shares during the last quarter. Versant Capital Management Inc raised its stake in Tompkins Financial by 238.8% in the 4th quarter. Versant Capital Management Inc now owns 603 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 425 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Tompkins Financial by 89.0% in the third quarter. GAMMA Investing LLC now owns 877 shares of the financial services provider’s stock valued at $51,000 after buying an additional 413 shares in the last quarter. Eastern Bank bought a new stake in shares of Tompkins Financial in the third quarter valued at approximately $67,000. Finally, FMR LLC lifted its position in shares of Tompkins Financial by 14.3% during the 3rd quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 216 shares during the period. 69.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TMP shares. Keefe, Bruyette & Woods upgraded Tompkins Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $59.00 to $68.00 in a report on Wednesday, October 2nd. Piper Sandler started coverage on shares of Tompkins Financial in a research report on Friday, December 20th. They set a “neutral” rating and a $70.00 price target on the stock.

About Tompkins Financial

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.