Ita Rahilly Buys 1,164 Shares of Tompkins Financial (NYSEAMERICAN:TMP) Stock

Tompkins Financial Corporation (NYSEAMERICAN:TMP) Director Ita Rahilly bought 1,164 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was purchased at an average cost of $85.90 per share, with a total value of $99,987.60. Following the completion of the transaction, the director owned 11,849 shares in the company, valued at $1,017,829.10. This represents a 10.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Tompkins Financial Trading Up 0.6%

NYSEAMERICAN TMP traded up $0.53 during trading on Tuesday, hitting $86.33. The stock had a trading volume of 44,035 shares, compared to its average volume of 63,886. The company has a market capitalization of $1.24 billion, a PE ratio of 7.40 and a beta of 0.76. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average price of $81.71 and a 200 day moving average price of $77.38. Tompkins Financial Corporation has a twelve month low of $59.67 and a twelve month high of $87.27.

Tompkins Financial (NYSEAMERICAN:TMP) last released its earnings results on Friday, April 24th. The financial services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.11. The company had revenue of $83.70 million during the quarter, compared to the consensus estimate of $83.64 million. Tompkins Financial had a return on equity of 11.27% and a net margin of 28.93%. As a group, equities research analysts forecast that Tompkins Financial Corporation will post 7.55 earnings per share for the current year.

Tompkins Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, May 8th. Tompkins Financial’s payout ratio is currently 54.14%.

Analyst Ratings Changes

Separately, Piper Sandler reaffirmed a “neutral” rating and issued a $87.00 target price (up from $82.00) on shares of Tompkins Financial in a research report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Tompkins Financial currently has an average rating of “Hold” and a consensus price target of $87.00.

Hedge Funds Weigh In On Tompkins Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Tompkins Financial by 95.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 551 shares of the financial services provider’s stock valued at $36,000 after buying an additional 269 shares during the period. IFP Advisors Inc boosted its stake in shares of Tompkins Financial by 59,550.0% in the 4th quarter. IFP Advisors Inc now owns 1,193 shares of the financial services provider’s stock valued at $87,000 after buying an additional 1,191 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Tompkins Financial in the 4th quarter valued at about $118,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Tompkins Financial in the 4th quarter valued at about $171,000. Finally, Quantbot Technologies LP purchased a new position in shares of Tompkins Financial in the 2nd quarter valued at about $151,000. Hedge funds and other 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.