Tompkins Financial (NYSEAMERICAN:TMP) Shares Cross Above 50-Day Moving Average – Should You Sell?

Tompkins Financial Corporation (NYSEAMERICAN:TMP) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $95.58 and traded as high as $98.55. Tompkins Financial shares last traded at $97.91, with a volume of 157,751 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms recently commented on TMP. Keefe, Bruyette & Woods boosted their price objective on shares of Tompkins Financial from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Piper Sandler lifted their price target on Tompkins Financial from $87.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $104.50.

Tompkins Financial Stock Up 0.8%

The firm has a market cap of $1.41 billion, a P/E ratio of 8.02 and a beta of 0.74. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.57. The firm has a fifty day moving average of $95.58 and a 200-day moving average of $86.89.

Tompkins Financial (NYSEAMERICAN:TMP) last released its quarterly earnings data on Friday, July 24th. The financial services provider reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.22. Tompkins Financial had a return on equity of 11.52% and a net margin of 30.13%.The firm had revenue of $87.12 million for the quarter, compared to analyst estimates of $86.93 million. On average, equities research analysts anticipate that Tompkins Financial Corporation will post 7.75 earnings per share for the current year.

Tompkins Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 7th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, August 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.9%. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.67. Tompkins Financial’s dividend payout ratio is 56.57%.

Insider Activity at Tompkins Financial

In other news, Director Ita M. Rahilly acquired 1,164 shares of Tompkins Financial stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of $85.90 per share, for a total transaction of $99,987.60. Following the completion of the acquisition, the director directly owned 11,849 shares in the company, valued at approximately $1,017,829.10. The trade was a 10.89% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.52% of the company’s stock.

Institutional Trading of Tompkins Financial

Several institutional investors have recently added to or reduced their stakes in the company. Nykredit A S acquired a new stake in shares of Tompkins Financial during the second quarter worth $25,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Tompkins Financial during the 2nd quarter valued at $340,000. Hsbc Holdings PLC acquired a new stake in shares of Tompkins Financial during the 2nd quarter worth $1,215,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Tompkins Financial during the 2nd quarter worth $246,000. Finally, Bank of America Corp DE bought a new position in shares of Tompkins Financial in the second quarter worth $5,636,000. 69.11% of the stock is currently owned by institutional investors.

Tompkins Financial Company Profile

Tompkins Financial (NYSEAMERICAN:TMP) is a bank holding company headquartered in Ithaca, New York, that provides a diversified range of financial services. Through its principal banking subsidiary, Tompkins Trust Company, the firm offers commercial and consumer banking products including checking and savings accounts, mortgage loans, and credit facilities. Beyond traditional banking, Tompkins Financial delivers asset management, trust and estate planning, retirement services and investment advisory solutions.

In addition to its core banking operations, Tompkins Financial operates Tompkins Insurance Agencies, which offers property and casualty, life and health insurance coverages to individuals and businesses.