Tompkins Financial (NYSEAMERICAN:TMP) Reaches New 1-Year High – Should You Buy?

Tompkins Financial Corporation (NYSEAMERICAN:TMP)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $87.12 and last traded at $87.12, with a volume of 8117 shares. The stock had previously closed at $86.12.

Wall Street Analysts Forecast Growth

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

Tompkins Financial Stock Performance

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The company’s fifty day moving average is $81.71 and its 200 day moving average is $77.38. The company has a market cap of $1.24 billion, a P/E ratio of 7.39 and a beta of 0.76.

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

Tompkins Financial Announces Dividend

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

Hedge Funds Weigh In On Tompkins Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC grew its holdings in shares of Tompkins Financial by 104.5% during the 4th quarter. SG Americas Securities LLC now owns 27,168 shares of the financial services provider’s stock valued at $1,970,000 after purchasing an additional 13,884 shares during the last quarter. LSV Asset Management grew its holdings in Tompkins Financial by 34.0% in the 3rd quarter. LSV Asset Management now owns 36,400 shares of the financial services provider’s stock worth $2,410,000 after acquiring an additional 9,230 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in Tompkins Financial by 15.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 49,494 shares of the financial services provider’s stock worth $3,277,000 after acquiring an additional 6,711 shares during the last quarter. Vanguard Group Inc. grew its holdings in Tompkins Financial by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 1,385,961 shares of the financial services provider’s stock worth $100,510,000 after acquiring an additional 15,227 shares during the last quarter. Finally, AlphaQuest LLC grew its holdings in Tompkins Financial by 57,814.3% in the 3rd quarter. AlphaQuest LLC now owns 4,054 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 4,047 shares during the last quarter. 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.