Tompkins Financial (NYSEAMERICAN:TMP) Sees Strong Trading Volume – Still a Buy?

Shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) saw unusually-strong trading volume on Tuesday . Approximately 134,529 shares traded hands during trading, an increase of 122% from the previous session’s volume of 60,637 shares.The stock last traded at $85.9450 and had previously closed at $85.18.

Analysts Set New Price Targets

TMP has been the topic of several analyst reports. Piper Sandler assumed coverage on Tompkins Financial in a research note on Wednesday, December 3rd. They issued a “neutral” rating and a $74.00 target price on the stock. Zacks Research upgraded shares of Tompkins Financial to a “hold” rating in a research note on Thursday, December 4th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Tompkins Financial has a consensus rating of “Hold” and an average price target of $74.00.

Tompkins Financial Stock Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a 50 day simple moving average of $75.67 and a two-hundred day simple moving average of $69.97. The company has a market cap of $1.23 billion, a PE ratio of 7.61 and a beta of 0.79.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its earnings results on Friday, January 30th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. Tompkins Financial had a net margin of 27.82% and a return on equity of 11.19%. The firm had revenue of $257.30 million during the quarter, compared to the consensus estimate of $136.16 million. Equities analysts predict that Tompkins Financial Corporation will post 5.46 EPS for the current year.

Tompkins Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, February 22nd. Investors of record on Friday, February 13th will be given a $0.67 dividend. The ex-dividend date is Friday, February 13th. This represents a $2.68 annualized dividend and a yield of 3.1%. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.65. Tompkins Financial’s payout ratio is 52.53%.

Insider Buying and Selling at Tompkins Financial

In other Tompkins Financial news, Director Ita M. Rahilly purchased 1,463 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was purchased 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 directly owned 10,511 shares of the company’s stock, valued at approximately $718,531.96. This trade represents a 16.17% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of Tompkins Financial

Several large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its stake in shares of Tompkins Financial by 95.4% in the third quarter. EverSource Wealth Advisors LLC now owns 551 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 269 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Tompkins Financial by 59,550.0% during the 4th quarter. IFP Advisors Inc now owns 1,193 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 1,191 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in shares of Tompkins Financial in the 4th quarter valued at about $171,000. Quantbot Technologies LP acquired a new stake in Tompkins Financial in the 2nd quarter valued at $151,000. Finally, Allworth Financial LP lifted its holdings in Tompkins Financial by 3,207.7% during the second quarter. Allworth Financial LP now owns 2,580 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 2,502 shares during the period. Institutional investors own 69.11% of the company’s stock.

Tompkins Financial Company Profile

Tompkins Financial (NYSEAMERICAN:TMP) is a bank holding company headquartered in Ithaca, New York, that provides a diversified range of financial services. Through its principal banking subsidiary, Tompkins Trust Company, the firm offers commercial and consumer banking products including checking and savings accounts, mortgage loans, and credit facilities. Beyond traditional banking, Tompkins Financial delivers asset management, trust and estate planning, retirement services and investment advisory solutions.

In addition to its core banking operations, Tompkins Financial operates Tompkins Insurance Agencies, which offers property and casualty, life and health insurance coverages to individuals and businesses.