Tompkins Financial (NYSEAMERICAN:TMP) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) saw unusually-strong trading volume on Monday . Approximately 67,194 shares traded hands during trading, a decline of 9% from the previous session’s volume of 73,677 shares.The stock last traded at $98.0790 and had previously closed at $98.73.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods increased their target price on 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 increased their price objective on shares of Tompkins Financial from $87.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Tompkins Financial presently has an average rating of “Hold” and a consensus target price of $104.50.

Tompkins Financial Stock Performance

The firm has a 50 day moving average of $93.33 and a 200-day moving average of $85.40. The company has a market cap of $1.40 billion, a P/E ratio of 7.97 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.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its earnings results on Friday, July 24th. The financial services provider reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.22. Tompkins Financial had a return on equity of 11.52% and a net margin of 30.13%.The business had revenue of $87.12 million during the quarter, compared to analyst estimates of $86.93 million. As a group, sell-side analysts anticipate that Tompkins Financial Corporation will post 7.75 EPS for the current fiscal year.

Tompkins Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, August 7th will be issued a $0.70 dividend. The ex-dividend date is Friday, August 7th. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a dividend yield of 2.9%. Tompkins Financial’s dividend payout ratio is presently 56.57%.

Insiders Place Their Bets

In other Tompkins Financial news, Director Ita M. Rahilly bought 1,164 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $85.90 per share, for a total transaction of $99,987.60. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tompkins Financial

Large investors have recently modified their holdings of the business. Trust Co. of Vermont purchased a new position in Tompkins Financial during the second quarter valued at approximately $42,000. IFP Advisors Inc lifted its holdings in Tompkins Financial by 59,550.0% during the fourth quarter. IFP Advisors Inc now owns 1,193 shares of the financial services provider’s stock worth $87,000 after buying an additional 1,191 shares during the period. Global Retirement Partners LLC purchased a new stake in Tompkins Financial during the second quarter worth $96,000. Kestra Advisory Services LLC bought a new stake in Tompkins Financial during the 4th quarter valued at $118,000. Finally, Quantbot Technologies LP bought a new stake in Tompkins Financial during the 2nd quarter valued at $151,000. Institutional investors own 69.11% of the company’s stock.

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.