Tompkins Financial (NYSEAMERICAN:TMP) Shares Up 4%

Tompkins Financial Co. (NYSEAMERICAN:TMP)’s share price traded up 4% during trading on Friday . The company traded as high as $45.70 and last traded at $45.43. 20,396 shares were traded during mid-day trading, a decline of 70% from the average session volume of 67,282 shares. The stock had previously closed at $43.69.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Tompkins Financial to a “sell” rating in a research note on Friday, January 12th.

Tompkins Financial Stock Performance

The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.90. The company has a market cap of $653.64 million, a PE ratio of 68.27 and a beta of 0.65.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its earnings results on Friday, January 26th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.22). Tompkins Financial had a net margin of 3.09% and a return on equity of 1.48%. The business had revenue of $71.21 million for the quarter, compared to analysts’ expectations of $74.58 million. As a group, sell-side analysts anticipate that Tompkins Financial Co. will post 4.94 EPS for the current fiscal year.

Tompkins Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 9th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.40 annualized dividend and a yield of 5.29%. Tompkins Financial’s payout ratio is 375.00%.

Insider Buying and Selling

In other news, Director Ita M. Rahilly purchased 1,982 shares of Tompkins Financial stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average cost of $50.46 per share, with a total value of $100,011.72. Following the completion of the purchase, the director now directly owns 8,454 shares in the company, valued at $426,588.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Tompkins Financial

Institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC purchased a new stake in shares of Tompkins Financial in the fourth quarter worth $28,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Tompkins Financial during the fourth quarter valued at $27,000. Signaturefd LLC boosted its position in shares of Tompkins Financial by 366.7% during the fourth quarter. Signaturefd LLC now owns 490 shares of the financial services provider’s stock valued at $30,000 after buying an additional 385 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Tompkins Financial by 192.3% during the first quarter. Captrust Financial Advisors now owns 532 shares of the financial services provider’s stock valued at $42,000 after buying an additional 350 shares during the last quarter. Finally, CNB Bank bought a new position in Tompkins Financial in the third quarter valued at about $28,000. 69.11% of the stock is owned by hedge funds and other 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.