Tompkins Financial Co. (NYSEAMERICAN:TMP) Director Angela B. Lee Buys 286 Shares

Tompkins Financial Co. (NYSEAMERICAN:TMP) Director Angela B. Lee acquired 286 shares of the stock in a transaction dated Tuesday, January 7th. The shares were purchased at an average price of $67.07 per share, for a total transaction of $19,182.02. Following the completion of the transaction, the director now owns 286 shares of the company’s stock, valued at $19,182.02. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Tompkins Financial Stock Performance

Shares of NYSEAMERICAN TMP traded down $0.71 during mid-day trading on Tuesday, hitting $66.35. 15,908 shares of the stock were exchanged, compared to its average volume of 35,251. Tompkins Financial Co. has a twelve month low of $43.09 and a twelve month high of $79.01. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.75. The firm has a market cap of $954.78 million, a price-to-earnings ratio of 14.33 and a beta of 0.72.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its quarterly earnings data on Friday, October 25th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.09. The firm had revenue of $112.51 million during the quarter. Tompkins Financial had a return on equity of 9.68% and a net margin of 15.59%. During the same quarter in the previous year, the firm posted ($2.35) EPS.

Tompkins Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.74%. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, November 8th. Tompkins Financial’s dividend payout ratio is presently 53.56%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in Tompkins Financial by 139.1% in the third quarter. JPMorgan Chase & Co. now owns 62,286 shares of the financial services provider’s stock valued at $3,600,000 after buying an additional 36,231 shares during the period. Dimensional Fund Advisors LP boosted its stake in Tompkins Financial by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 571,421 shares of the financial services provider’s stock worth $27,941,000 after acquiring an additional 34,752 shares during the last quarter. Bank of Montreal Can bought a new stake in Tompkins Financial in the second quarter valued at approximately $1,112,000. Jane Street Group LLC grew its holdings in shares of Tompkins Financial by 130.5% in the 3rd quarter. Jane Street Group LLC now owns 25,100 shares of the financial services provider’s stock valued at $1,451,000 after buying an additional 14,210 shares during the period. Finally, Barclays PLC increased its position in shares of Tompkins Financial by 115.7% in the 3rd quarter. Barclays PLC now owns 25,878 shares of the financial services provider’s stock valued at $1,496,000 after buying an additional 13,878 shares in the last quarter. Institutional investors own 69.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TMP. Keefe, Bruyette & Woods upgraded shares of Tompkins Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $59.00 to $68.00 in a research note on Wednesday, October 2nd. Piper Sandler assumed coverage on Tompkins Financial in a report on Friday, December 20th. They set a “neutral” rating and a $70.00 price objective for the company.

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.