Tompkins Financial Co. (TMP) Sees Significant Increase in Short Interest
Tompkins Financial Co. (NYSE:TMP) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 876,733 shares, a growth of 2.3% from the August 31st total of 857,369 shares. Currently, 6.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 27,480 shares, the days-to-cover ratio is presently 31.9 days.
Separately, Keefe, Bruyette & Woods raised shares of Tompkins Financial from an “underperform” rating to a “market perform” rating and increased their price target for the company from $57.00 to $63.00 in a research note on Monday, June 13th.
Shares of Tompkins Financial (NYSE:TMP) opened at 76.41 on Friday. The stock’s 50 day moving average is $73.24 and its 200 day moving average is $68.10. The company has a market capitalization of $1.15 billion and a PE ratio of 20.32. Tompkins Financial has a 1-year low of $50.54 and a 1-year high of $76.67.
Tompkins Financial (NYSE:TMP) last announced its earnings results on Friday, July 22nd. The company reported $0.96 EPS for the quarter, hitting the consensus estimate of $0.96. On average, equities research analysts anticipate that Tompkins Financial will post $3.91 EPS for the current fiscal year.
In other news, CEO Gerald J. Klein, Jr. sold 650 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $71.59, for a total transaction of $46,533.50. Following the sale, the chief executive officer now directly owns 17,824 shares of the company’s stock, valued at $1,276,020.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Francis M. Fetsko sold 672 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $72.04, for a total transaction of $48,410.88. Following the sale, the chief financial officer now directly owns 12,086 shares in the company, valued at $870,675.44. The disclosure for this sale can be found here.
About Tompkins Financial
Tompkins Financial Corporation (Tompkins) is a financial holding and community-based financial services company. The Company offers an array of products and services, including commercial and consumer banking, leasing and financial planning. It operates through three segments: banking (Banking), insurance (Tompkins Insurance Agencies, Inc) and wealth management (Tompkins Financial Advisors).
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