Angela B. Lee Acquires 286 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) Stock

Tompkins Financial Co. (NYSEAMERICAN:TMP - Get Free Report) Director Angela B. Lee acquired 286 shares of the company's stock in a transaction on Tuesday, January 7th. The shares were bought at an average price of $67.07 per share, for a total transaction of $19,182.02. Following the completion of the purchase, the director now owns 286 shares in the company, valued at approximately $19,182.02. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Tompkins Financial Price Performance

TMP stock traded down $1.11 on Tuesday, reaching $65.95. The company had a trading volume of 39,455 shares, compared to its average volume of 41,264. Tompkins Financial Co. has a 1 year low of $43.09 and a 1 year high of $79.01. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $949.02 million, a P/E ratio of 14.24 and a beta of 0.72.

Tompkins Financial (NYSEAMERICAN:TMP - Get Free Report) last released its quarterly earnings data on Friday, October 25th. The financial services provider reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.09. Tompkins Financial had a return on equity of 9.68% and a net margin of 15.59%. The business had revenue of $112.51 million during the quarter. During the same quarter in the previous year, the company earned ($2.35) earnings per share.

Tompkins Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend was Friday, November 8th. This is a positive change from Tompkins Financial's previous quarterly dividend of $0.61. Tompkins Financial's dividend payout ratio (DPR) is currently 53.56%.

Wall Street Analyst Weigh In

TMP has been the subject of a number of research reports. 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 objective for the company. Keefe, Bruyette & Woods raised Tompkins Financial from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $59.00 to $68.00 in a research note on Wednesday, October 2nd.

Institutional Trading of Tompkins Financial

A number of large investors have recently added to or reduced their stakes in TMP. Bank of Montreal Can acquired a new stake in Tompkins Financial in the 2nd quarter worth $1,112,000. Geode Capital Management LLC raised its stake in shares of Tompkins Financial by 0.6% in the third quarter. Geode Capital Management LLC now owns 291,312 shares of the financial services provider's stock worth $16,839,000 after acquiring an additional 1,766 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Tompkins Financial by 130.5% in the third quarter. Jane Street Group LLC now owns 25,100 shares of the financial services provider's stock worth $1,451,000 after acquiring an additional 14,210 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of Tompkins Financial in the second quarter worth about $468,000. Finally, FMR LLC raised its stake in shares of Tompkins Financial by 14.3% during the third quarter. FMR LLC now owns 1,731 shares of the financial services provider's stock worth $100,000 after buying an additional 216 shares during 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.