Insider Selling: Tompkins Financial (NYSEAMERICAN:TMP) SVP Sells $50,285.00 in Stock

Tompkins Financial Corporation (NYSEAMERICAN:TMP) SVP David Kershaw sold 500 shares of Tompkins Financial stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $100.57, for a total value of $50,285.00. Following the completion of the transaction, the senior vice president owned 867 shares in the company, valued at $87,194.19. This trade represents a 36.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Tompkins Financial Stock Performance

Shares of NYSEAMERICAN:TMP traded down $0.67 during trading on Thursday, reaching $99.62. The company had a trading volume of 17,556 shares, compared to its average volume of 84,723. Tompkins Financial Corporation has a fifty-two week low of $64.16 and a fifty-two week high of $105.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.94. The stock’s fifty day moving average price is $98.73 and its 200 day moving average price is $89.97. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 7.93 and a beta of 0.77.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its quarterly earnings results on Friday, October 23rd. The financial services provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.05. Tompkins Financial had a return on equity of 11.59% and a net margin of 30.94%. The firm had revenue of $89.85 million during the quarter, compared to the consensus estimate of $89.65 million. As a group, equities research analysts predict that Tompkins Financial Corporation will post 7.90 EPS for the current year.

Tompkins Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, November 6th will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, November 6th. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.70. Tompkins Financial’s payout ratio is currently 59.80%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Tompkins Financial

Institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its stake in shares of Tompkins Financial by 4.1% during the 2nd quarter. Allworth Financial LP now owns 2,709 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 106 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in Tompkins Financial by 1.2% in the 1st quarter. Chicago Partners Investment Group LLC now owns 11,697 shares of the financial services provider’s stock valued at $978,000 after purchasing an additional 133 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in Tompkins Financial by 2.4% during the third quarter. Illinois Municipal Retirement Fund now owns 6,651 shares of the financial services provider’s stock worth $640,000 after purchasing an additional 153 shares during the last quarter. Nykredit A S acquired a new position in Tompkins Financial during the second quarter worth $25,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Tompkins Financial during the second quarter worth $27,000. Hedge funds and other institutional investors own 69.11% of the company’s stock.

About Tompkins Financial

Tompkins Financial Corporation is a financial services holding company based in Ithaca, New York. Through its subsidiaries, it provides banking, insurance and wealth management services to individuals, businesses and institutions. Its banking subsidiary, Tompkins Community Bank, offers deposit accounts, loans and other personal and commercial banking services. Tompkins also provides insurance products through Tompkins Insurance Agencies and financial planning and investment services through Tompkins Financial Advisors.