Tompkins Financial (NYSEAMERICAN:TMP) Shares Cross Above 50 Day Moving Average - Here's Why

Tompkins Financial Co. (NYSEAMERICAN:TMP - Get Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 trading hands.

Analysts Set New Price Targets

Separately, Piper Sandler began coverage on shares of Tompkins Financial in a research note on Friday, December 20th. They issued a "neutral" rating and a $70.00 target price on the stock.

Tompkins Financial Price Performance

The company has a market cap of $1.01 billion, a PE ratio of 14.17 and a beta of 0.73. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.92 and a current ratio of 0.96.

Tompkins Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 14th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend is Friday, February 14th. Tompkins Financial's dividend payout ratio (DPR) is presently 50.10%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Tompkins Financial by 0.6% during the 3rd 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. Barclays PLC boosted its stake in Tompkins Financial by 115.7% during the 3rd quarter. Barclays PLC now owns 25,878 shares of the financial services provider's stock worth $1,496,000 after acquiring an additional 13,878 shares during the last quarter. Jane Street Group LLC boosted its stake in Tompkins Financial by 130.5% during the 3rd 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. Wealth Enhancement Advisory Services LLC raised its holdings in Tompkins Financial by 17.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 40,324 shares of the financial services provider's stock worth $2,735,000 after buying an additional 5,956 shares during the period. Finally, FMR LLC raised its holdings in Tompkins Financial by 14.3% during the 3rd 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 period. Institutional investors own 69.11% of the company's stock.

Tompkins Financial Company Profile

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.