Insider Buying: Tompkins Financial Co. (NYSEAMERICAN:TMP) Director Purchases 286 Shares of Stock

Tompkins Financial Co. (NYSEAMERICAN:TMP) Director Angela B. Lee purchased 286 shares of the stock in a transaction 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 transaction, the director now directly owns 286 shares in the company, valued at $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 through the SEC website.

Tompkins Financial Stock Up 0.2 %

Tompkins Financial stock opened at $66.11 on Friday. Tompkins Financial Co. has a fifty-two week low of $43.09 and a fifty-two week 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 company has a market cap of $951.32 million, a price-to-earnings ratio of 14.28 and a beta of 0.72.

Tompkins Financial (NYSEAMERICAN:TMP) last released its quarterly earnings results 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. The company had revenue of $112.51 million for 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 prior year, the firm earned ($2.35) earnings per share.

Tompkins Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were given a $0.62 dividend. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.75%. Tompkins Financial’s dividend payout ratio is currently 53.56%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in Tompkins Financial by 6.5% in the second 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 in the last quarter. Geode Capital Management LLC raised its position in shares of Tompkins Financial by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 291,312 shares of the financial services provider’s stock worth $16,839,000 after purchasing an additional 1,766 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Tompkins Financial by 9.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 126,288 shares of the financial services provider’s stock worth $6,175,000 after purchasing an additional 11,140 shares in the last quarter. JPMorgan Chase & Co. grew its position in Tompkins Financial by 139.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 62,286 shares of the financial services provider’s stock valued at $3,600,000 after purchasing an additional 36,231 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its stake in Tompkins Financial by 6.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 27,569 shares of the financial services provider’s stock valued at $1,348,000 after purchasing an additional 1,662 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors.

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.