StockNews.com Upgrades Tompkins Financial (NYSEAMERICAN:TMP) to Hold

StockNews.com upgraded shares of Tompkins Financial (NYSEAMERICAN:TMP) from a sell rating to a hold rating in a research report released on Saturday morning.

Separately, Keefe, Bruyette & Woods reiterated a market perform rating and issued a $59.00 price target (up previously from $50.00) on shares of Tompkins Financial in a research note on Monday, July 29th.

Tompkins Financial Trading Down 2.8 %

Tompkins Financial stock traded down $1.72 during mid-day trading on Friday, hitting $58.85. The stock had a trading volume of 74,449 shares, compared to its average volume of 70,715. The company has a market capitalization of $847.44 million, a P/E ratio of 125.21 and a beta of 0.70. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.90 and a current ratio of 0.94. Tompkins Financial has a one year low of $43.09 and a one year high of $65.54.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its earnings results on Friday, July 26th. The financial services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.20. The company had revenue of $107.02 million during the quarter. Tompkins Financial had a net margin of 4.11% and a return on equity of 2.16%.

Tompkins Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 9th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Friday, August 9th. Tompkins Financial’s payout ratio is currently 519.15%.

Insiders Place Their Bets

In other Tompkins Financial news, Director Janet M. Coletti bought 1,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were purchased at an average cost of $47.91 per share, for a total transaction of $47,910.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at $95,820. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of Tompkins Financial

Hedge funds have recently made changes to their positions in the business. Signaturefd LLC grew its holdings 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 purchasing an additional 385 shares during the last quarter. CWM LLC grew its holdings in Tompkins Financial by 253.2% during the 2nd quarter. CWM LLC now owns 890 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 638 shares during the last quarter. EntryPoint Capital LLC grew its holdings 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 purchasing an additional 691 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings 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 purchasing an additional 932 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in Tompkins Financial by 736.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,686 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 2,365 shares in the last quarter. 69.11% of the stock is currently owned by hedge funds and other 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.