Angela B. Lee Acquires 286 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) Stock

Tompkins Financial Co. (NYSEAMERICAN:TMP) Director Angela B. Lee bought 286 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were acquired at an average cost of $67.07 per share, with a total value of $19,182.02. Following the completion of the purchase, the director now owns 286 shares of the company’s stock, valued at approximately $19,182.02. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Tompkins Financial Stock Performance

Tompkins Financial stock opened at $66.11 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.92 and a current ratio of 0.92. Tompkins Financial Co. has a 12 month low of $43.09 and a 12 month high of $79.01. The firm has a market cap of $951.32 million, a PE ratio of 14.28 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 for the quarter, beating the consensus estimate of $1.21 by $0.09. Tompkins Financial had a net margin of 15.59% and a return on equity of 9.68%. The firm had revenue of $112.51 million for the quarter. During the same period in the previous year, the business posted ($2.35) EPS.

Tompkins Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were issued a dividend of $0.62 per share. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a dividend yield of 3.75%. The ex-dividend date was Friday, November 8th. Tompkins Financial’s dividend payout ratio is currently 53.56%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Tompkins Financial

Several hedge funds and other institutional investors have recently made changes to their positions in TMP. nVerses Capital LLC raised its stake in shares of Tompkins Financial by 100.0% in the 3rd quarter. nVerses Capital LLC now owns 600 shares of the financial services provider’s stock valued at $35,000 after buying an additional 300 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Tompkins Financial by 238.8% during the fourth quarter. Versant Capital Management Inc now owns 603 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 425 shares during the period. GAMMA Investing LLC lifted its holdings in Tompkins Financial by 89.0% during the 3rd quarter. GAMMA Investing LLC now owns 877 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 413 shares during the last quarter. Eastern Bank acquired a new position in Tompkins Financial in the third quarter valued at about $67,000. Finally, FMR LLC grew its position in Tompkins Financial by 14.3% during the 3rd quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 216 shares during the last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.

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.