Tompkins Financial (NYSEAMERICAN:TMP) Sets New 52-Week High – Should You Buy?

Tompkins Financial Corporation (NYSEAMERICAN:TMP) shares hit a new 52-week high on Tuesday . The company traded as high as $76.17 and last traded at $75.6350, with a volume of 2730 shares. The stock had previously closed at $75.51.

Analyst Ratings Changes

TMP has been the subject of a number of analyst reports. Zacks Research raised shares of Tompkins Financial to a “hold” rating in a research note on Thursday, December 4th. Piper Sandler began coverage on shares of Tompkins Financial in a research note on Wednesday, December 3rd. They set a “neutral” rating and a $74.00 target price on the stock. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $74.00.

Tompkins Financial Price Performance

The stock has a market capitalization of $1.11 billion, a PE ratio of 13.00 and a beta of 0.82. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.56. The stock’s 50-day moving average is $67.92 and its 200 day moving average is $66.52.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its quarterly earnings results on Friday, October 24th. The financial services provider reported $1.65 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.05). The firm had revenue of $87.44 million during the quarter, compared to the consensus estimate of $87.00 million. Tompkins Financial had a net margin of 18.24% and a return on equity of 11.24%. As a group, equities analysts predict that Tompkins Financial Corporation will post 5.46 earnings per share for the current year.

Tompkins Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $2.60 annualized dividend and a dividend yield of 3.4%. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.62. Tompkins Financial’s payout ratio is presently 52.53%.

Insider Buying and Selling

In related news, Director Ita M. Rahilly bought 1,463 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were acquired at an average price of $68.36 per share, with a total value of $100,010.68. Following the completion of the transaction, the director owned 10,511 shares of the company’s stock, valued at $718,531.96. The trade was a 16.17% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.94% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TMP. Verition Fund Management LLC lifted its holdings in shares of Tompkins Financial by 38.5% during the 3rd quarter. Verition Fund Management LLC now owns 5,905 shares of the financial services provider’s stock worth $391,000 after acquiring an additional 1,640 shares during the period. Qube Research & Technologies Ltd raised its position in Tompkins Financial by 40.6% in the third quarter. Qube Research & Technologies Ltd now owns 12,084 shares of the financial services provider’s stock worth $800,000 after purchasing an additional 3,490 shares in the last quarter. Focus Partners Wealth lifted its stake in Tompkins Financial by 101.4% during the third quarter. Focus Partners Wealth now owns 17,872 shares of the financial services provider’s stock worth $1,150,000 after purchasing an additional 8,996 shares during the period. Bank of America Corp DE boosted its holdings in Tompkins Financial by 22.2% during the third quarter. Bank of America Corp DE now owns 48,819 shares of the financial services provider’s stock valued at $3,232,000 after purchasing an additional 8,870 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of Tompkins Financial by 21.6% in the 3rd quarter. Raymond James Financial Inc. now owns 3,955 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 703 shares during the period. 69.11% of the stock is owned by institutional investors.

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.