Tompkins Financial’s (TMP) “Market Perform” Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their market perform rating on shares of Tompkins Financial (NYSEAMERICAN:TMP) in a research report report published on Friday, Benzinga reports. Keefe, Bruyette & Woods 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 raised Tompkins Financial to a sell rating in a research report on Friday, January 12th.

Tompkins Financial Stock Up 1.0 %

Shares of TMP opened at $47.32 on Friday. Tompkins Financial has a 1-year low of $43.09 and a 1-year 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 $681.88 million, a PE ratio of 99.64 and a beta of 0.67.

Tompkins Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date is Thursday, May 9th. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.52. Tompkins Financial’s dividend payout ratio is 510.64%.

Insider Activity

In related news, Director Ita M. Rahilly bought 1,982 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were acquired at an average cost of $50.46 per share, with a total value of $100,011.72. Following the completion of the acquisition, the director now owns 8,454 shares of the company’s stock, valued at approximately $426,588.84. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Tompkins Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV bought a new stake in shares of Tompkins Financial in the 4th quarter worth $27,000. CNB Bank purchased a new stake in shares of Tompkins Financial during the third quarter valued at $28,000. Signaturefd LLC increased its holdings in Tompkins Financial by 366.7% in the 4th quarter. Signaturefd LLC now owns 490 shares of the financial services provider’s stock worth $30,000 after buying an additional 385 shares in the last quarter. Quantbot Technologies LP purchased a new position in Tompkins Financial in the 3rd quarter worth about $101,000. Finally, PNC Financial Services Group Inc. raised its position in Tompkins Financial by 107.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,801 shares of the financial services provider’s stock worth $108,000 after buying an additional 932 shares during the last quarter. 69.11% of the stock is currently owned by institutional investors.

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.