Tompkins Financial (NYSEAMERICAN:TMP) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Tompkins Financial (NYSEAMERICAN:TMPFree Report) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

Separately, Keefe, Bruyette & Woods reissued a market perform rating and set a $50.00 target price (down previously from $55.00) on shares of Tompkins Financial in a research report on Friday, May 3rd.

Get Our Latest Stock Report on Tompkins Financial

Tompkins Financial Stock Performance

Tompkins Financial stock opened at $43.84 on Tuesday. The stock has a market capitalization of $631.30 million, a PE ratio of 93.28 and a beta of 0.70. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.90 and a quick ratio of 0.90. Tompkins Financial has a 12-month low of $43.09 and a 12-month high of $65.54.

Tompkins Financial (NYSEAMERICAN:TMPGet Free Report) last announced its quarterly earnings data on Friday, April 26th. The financial services provider reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.04). Tompkins Financial had a net margin of 2.16% and a return on equity of 1.08%. The company had revenue of $72.81 million for the quarter, compared to the consensus estimate of $74.91 million. As a group, analysts predict that Tompkins Financial will post 4.21 earnings per share for the current fiscal year.

Tompkins Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 10th were given a dividend of $0.61 per share. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, May 9th. This represents a $2.44 dividend on an annualized basis and a yield of 5.57%. Tompkins Financial’s dividend payout ratio (DPR) is 519.15%.

Insider Buying and Selling at Tompkins Financial

In other Tompkins Financial news, Director Janet M. Coletti bought 1,000 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were acquired at an average price of $47.91 per share, with a total value of $47,910.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $95,820. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.50% of the company’s stock.

Institutional Trading of Tompkins Financial

Large investors have recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV purchased a new stake in Tompkins Financial during the 4th quarter worth approximately $27,000. Signaturefd LLC lifted its stake in Tompkins Financial by 366.7% during the 4th quarter. Signaturefd LLC now owns 490 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 385 shares during the period. EntryPoint Capital LLC lifted its stake in Tompkins Financial by 88.3% during the 1st quarter. EntryPoint Capital LLC now owns 1,474 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 691 shares during the period. PNC Financial Services Group Inc. lifted its stake in Tompkins Financial by 107.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,801 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 932 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in Tompkins Financial by 736.8% during the 4th quarter. Quadrant Capital Group LLC now owns 2,686 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 2,365 shares during the period. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Tompkins Financial Company Profile

(Get Free Report)

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.

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