Tompkins Financial (NYSEAMERICAN:TMP) Stock: Insider David Kershaw Sells 500 Shares

Tompkins Financial Corporation (NYSEAMERICAN:TMP) SVP David Kershaw sold 500 shares of the business’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $100.57, for a total transaction of $50,285.00. Following the completion of the transaction, the senior vice president owned 867 shares in the company, valued at $87,194.19. This represents a 36.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tompkins Financial Stock Up 0.2%

NYSEAMERICAN:TMP traded up $0.25 on Friday, reaching $100.39. The stock had a trading volume of 99,866 shares, compared to its average volume of 111,768. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $98.81 and a 200 day moving average of $90.21. The stock has a market cap of $1.44 billion, a P/E ratio of 7.99 and a beta of 0.77. Tompkins Financial Corporation has a 12-month low of $64.16 and a 12-month high of $105.18.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its earnings results on Friday, October 23rd. The financial services provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.05. Tompkins Financial had a return on equity of 11.59% and a net margin of 30.94%. The business had revenue of $89.85 million for the quarter, compared to analyst estimates of $89.65 million. On average, research analysts predict that Tompkins Financial Corporation will post 7.90 earnings per share for the current year.

Tompkins Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 13th. Investors of record on Friday, November 6th were issued a $0.74 dividend. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.70. This represents a $2.96 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, November 6th. Tompkins Financial’s dividend payout ratio (DPR) is currently 59.80%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Tompkins Financial during the second quarter worth about $193,740,000. Rhino Investment Partners Inc increased its holdings in Tompkins Financial by 88.5% in the first quarter. Rhino Investment Partners Inc now owns 166,941 shares of the financial services provider’s stock valued at $13,162,000 after buying an additional 78,391 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Tompkins Financial in the second quarter valued at about $11,459,000. ProShare Advisors LLC increased its holdings in Tompkins Financial by 43.3% in the third quarter. ProShare Advisors LLC now owns 107,578 shares of the financial services provider’s stock valued at $10,354,000 after buying an additional 32,521 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new stake in Tompkins Financial during the first quarter valued at approximately $7,340,000. 69.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TMP has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their price objective on Tompkins Financial from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Piper Sandler upped their target price on Tompkins Financial from $87.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $104.50.

About Tompkins Financial

Tompkins Financial Corporation is a financial services holding company based in Ithaca, New York. Through its subsidiaries, it provides banking, insurance and wealth management services to individuals, businesses and institutions. Its banking subsidiary, Tompkins Community Bank, offers deposit accounts, loans and other personal and commercial banking services. Tompkins also provides insurance products through Tompkins Insurance Agencies and financial planning and investment services through Tompkins Financial Advisors.