Tompkins Financial Co. (NYSEAMERICAN:TMP) Short Interest Update

Tompkins Financial Co. (NYSEAMERICAN:TMP) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 68,900 shares, a drop of 20.6% from the December 15th total of 86,800 shares. Based on an average daily volume of 55,800 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.5% of the company’s stock are sold short.

Tompkins Financial Trading Up 0.5 %

Shares of NYSEAMERICAN:TMP traded up $0.31 during trading hours on Friday, reaching $66.95. The stock had a trading volume of 50,937 shares, compared to its average volume of 47,467. Tompkins Financial has a 1 year low of $43.09 and a 1 year high of $79.01. The company has a market cap of $963.41 million, a PE ratio of 14.46 and a beta of 0.74. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.75.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its earnings results on Friday, October 25th. The financial services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.21 by $0.09. Tompkins Financial had a return on equity of 9.68% and a net margin of 15.59%. The firm had revenue of $112.51 million for the quarter. During the same period last year, the company earned ($2.35) EPS. Equities analysts predict that Tompkins Financial will post 4.81 earnings per share for the current fiscal year.

Tompkins Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.70%. The ex-dividend date 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 53.56%.

Wall Street Analyst Weigh In

TMP has been the topic of a number of recent research reports. Piper Sandler assumed coverage on Tompkins Financial in a research report on Friday, December 20th. They set a “neutral” rating and a $70.00 price objective on the stock. Keefe, Bruyette & Woods raised Tompkins Financial from a “market perform” rating to an “outperform” rating and increased their price target for the company from $59.00 to $68.00 in a research report on Wednesday, October 2nd.

Institutional Investors Weigh In On Tompkins Financial

Institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can acquired a new position in Tompkins Financial in the second quarter valued at $1,112,000. Geode Capital Management LLC lifted its holdings in shares of Tompkins Financial by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 291,312 shares of the financial services provider’s stock valued at $16,839,000 after purchasing an additional 1,766 shares during the last quarter. Barclays PLC boosted its position in shares of Tompkins Financial by 115.7% in the 3rd quarter. Barclays PLC now owns 25,878 shares of the financial services provider’s stock valued at $1,496,000 after purchasing an additional 13,878 shares during the period. Jane Street Group LLC grew 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 buying an additional 14,210 shares during the last quarter. Finally, FMR LLC increased its position in 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 period. Hedge funds and other 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.