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

Tompkins Financial Co. (NYSEAMERICAN:TMP)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $73.57 and last traded at $72.73, with a volume of 7050 shares changing hands. The stock had previously closed at $66.44.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. StockNews.com raised shares of Tompkins Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Keefe, Bruyette & Woods upgraded shares of Tompkins Financial from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $59.00 to $68.00 in a report on Wednesday, October 2nd.

Tompkins Financial Stock Performance

The stock has a market cap of $1.13 billion, a PE ratio of 16.28 and a beta of 0.67. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.92 and a quick ratio of 0.94.

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

Tompkins Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.17%. The ex-dividend date is Friday, November 8th. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.61. Tompkins Financial’s dividend payout ratio (DPR) is currently 52.70%.

Institutional Trading of Tompkins Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. nVerses Capital LLC raised its holdings 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 purchasing an additional 300 shares in the last quarter. CWM LLC grew its stake in Tompkins Financial by 253.2% during the 2nd quarter. CWM LLC now owns 890 shares of the financial services provider’s stock worth $44,000 after buying an additional 638 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Tompkins Financial by 89.0% in the third quarter. GAMMA Investing LLC now owns 877 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 413 shares in the last quarter. Eastern Bank purchased a new stake in shares of Tompkins Financial during the third quarter worth about $67,000. Finally, EntryPoint Capital LLC lifted its stake in shares of Tompkins Financial by 88.3% during the first quarter. EntryPoint Capital LLC now owns 1,474 shares of the financial services provider’s stock worth $74,000 after buying an additional 691 shares during the period. Institutional investors own 69.11% of the company’s stock.

About Tompkins Financial

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.