Tompkins Financial (NYSEAMERICAN:TMP) Shares Gap Up to $54.62

Tompkins Financial Co. (NYSEAMERICAN:TMP – Get Rating) gapped up prior to trading on Friday . The stock had previously closed at $54.62, but opened at $56.58. Tompkins Financial shares last traded at $54.72, with a volume of 6,053 shares traded.

Analyst Ratings Changes

Several research analysts have issued reports on TMP shares. StockNews.com started coverage on Tompkins Financial in a research report on Thursday. They issued a “sell” rating on the stock. TheStreet cut Tompkins Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, May 2nd.

Tompkins Financial Stock Performance

The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $779.72 million, a PE ratio of 9.52 and a beta of 0.61. The company’s 50-day moving average price is $69.42.

Tompkins Financial (NYSEAMERICAN:TMP – Get Rating) last posted its quarterly earnings results on Friday, April 28th. The financial services provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.02. Tompkins Financial had a return on equity of 13.17% and a net margin of 23.88%. The company had revenue of $74.65 million for the quarter, compared to analysts’ expectations of $76.03 million. As a group, equities analysts predict that Tompkins Financial Co. will post 4.75 earnings per share for the current year.

Tompkins Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 16th. Investors of record on Tuesday, May 9th were issued a $0.60 dividend. The ex-dividend date was Monday, May 8th. This represents a $2.40 dividend on an annualized basis and a yield of 4.47%. Tompkins Financial’s dividend payout ratio is presently 42.55%.

Insiders Place Their Bets

In related news, Director Ita M. Rahilly bought 1,327 shares of the business’s stock in a transaction dated Tuesday, February 28th. The shares were purchased at an average price of $75.38 per share, with a total value of $100,029.26. Following the transaction, the director now owns 6,196 shares in the company, valued at approximately $467,054.48. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.31% of the company’s stock.

Hedge Funds Weigh In On Tompkins Financial

Hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC purchased a new stake in shares of Tompkins Financial during the 4th quarter worth $28,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Tompkins Financial by 3,836.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 433 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 422 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Tompkins Financial by 681.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 453 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 395 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Tompkins Financial by 192.3% during the 1st quarter. Captrust Financial Advisors now owns 532 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 350 shares during the last quarter. Finally, Accurate Wealth Management LLC purchased a new stake in shares of Tompkins Financial during the 4th quarter worth $42,000. Institutional investors own 63.57% of the company’s stock.

Tompkins Financial Company Profile

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Tompkins Financial Corp. engages in the provision of financial services. It operates through the following segments: Banking, Insurance, and Wealth Management. The Banking segment consists of its banking subsidiaries, including Tompkins Trust Co, The Bank of Castile, Mahopac Bank, and VIST Bank. The Insurance segment offers property and casualty insurance services, and employee benefits consulting.