Tompkins Financial (NYSEAMERICAN:TMP) Hits New 1-Year High – Should You Buy?

Tompkins Financial Co. (NYSEAMERICAN:TMP)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $73.57 and last traded at $72.73, with a volume of 7050 shares changing hands. The stock had previously closed at $66.44.

Analysts Set New Price Targets

TMP has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised shares of Tompkins Financial from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $59.00 to $68.00 in a report on Wednesday, October 2nd. StockNews.com upgraded Tompkins Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd.

Tompkins Financial Stock Up 1.2 %

The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.94 and a current ratio of 0.92. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 16.88 and a beta of 0.67.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its earnings results on Friday, October 25th. The financial services provider reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.09. Tompkins Financial had a net margin of 15.59% and a return on equity of 9.68%. The firm had revenue of $112.51 million for the quarter. During the same period in the previous year, the firm posted ($2.35) EPS.

Tompkins Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 8th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.61. Tompkins Financial’s dividend payout ratio (DPR) is presently 52.70%.

Institutional Trading of Tompkins Financial

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets increased its position in Tompkins Financial by 76.5% during the 1st quarter. BNP Paribas Financial Markets now owns 6,886 shares of the financial services provider’s stock valued at $346,000 after buying an additional 2,985 shares in the last quarter. ProShare Advisors LLC increased its stake in Tompkins Financial by 13.5% during the 1st quarter. ProShare Advisors LLC now owns 155,834 shares of the financial services provider’s stock valued at $7,837,000 after purchasing an additional 18,579 shares in the last quarter. EntryPoint Capital LLC raised its holdings in Tompkins Financial by 88.3% in the first quarter. EntryPoint Capital LLC now owns 1,474 shares of the financial services provider’s stock worth $74,000 after buying an additional 691 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Tompkins Financial in the first quarter worth approximately $600,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Tompkins Financial by 15.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,579 shares of the financial services provider’s stock valued at $834,000 after buying an additional 2,214 shares during the last quarter. 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.