Tompkins Financial (NYSEAMERICAN:TMP) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Tompkins Financial Co. (NYSEAMERICAN:TMP)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.00 and traded as high as $71.13. Tompkins Financial shares last traded at $69.69, with a volume of 30,106 shares.

Wall Street Analyst Weigh In

Separately, Piper Sandler initiated coverage on Tompkins Financial in a research report on Friday, December 20th. They set a “neutral” rating and a $70.00 price target for the company.

Tompkins Financial Trading Down 1.5 %

The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 1.11. The stock has a market cap of $1.00 billion, a P/E ratio of 14.69 and a beta of 0.73.

Tompkins Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 14th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Friday, February 14th. Tompkins Financial’s payout ratio is 50.10%.

Hedge Funds Weigh In On Tompkins Financial

Several institutional investors and hedge funds have recently bought and sold shares of TMP. JPMorgan Chase & Co. grew its holdings in Tompkins Financial by 76.1% during the fourth quarter. JPMorgan Chase & Co. now owns 109,668 shares of the financial services provider’s stock valued at $7,439,000 after purchasing an additional 47,382 shares during the period. American Century Companies Inc. grew its holdings in Tompkins Financial by 50.2% during the fourth quarter. American Century Companies Inc. now owns 123,654 shares of the financial services provider’s stock valued at $8,387,000 after purchasing an additional 41,329 shares during the period. Wellington Management Group LLP bought a new position in Tompkins Financial during the fourth quarter valued at $2,743,000. LPL Financial LLC grew its holdings in Tompkins Financial by 476.0% during the fourth quarter. LPL Financial LLC now owns 31,626 shares of the financial services provider’s stock valued at $2,145,000 after purchasing an additional 26,135 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in Tompkins Financial during the fourth quarter valued at $1,661,000. 69.11% of the stock is 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.