Tompkins Financial (NYSEAMERICAN:TMP) Given New $105.00 Price Target at Keefe, Bruyette & Woods

Tompkins Financial (NYSEAMERICAN:TMP) had its target price boosted by Keefe, Bruyette & Woods from $98.00 to $105.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

Separately, Piper Sandler reiterated a “neutral” rating and issued a $87.00 price target (up from $82.00) on shares of Tompkins Financial in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $96.00.

Tompkins Financial Stock Down 1.4%

NYSEAMERICAN TMP opened at $99.68 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average is $90.76 and its two-hundred day moving average is $83.79. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 8.16 and a beta of 0.74. Tompkins Financial has a 1-year low of $61.21 and a 1-year high of $102.02.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its earnings results on Friday, July 24th. The financial services provider reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.22. The business had revenue of $87.12 million during the quarter, compared to analysts’ expectations of $86.93 million. Tompkins Financial had a return on equity of 11.74% and a net margin of 30.13%. Equities analysts forecast that Tompkins Financial will post 7.55 earnings per share for the current fiscal year.

Tompkins Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, August 7th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, August 7th. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.67. Tompkins Financial’s dividend payout ratio (DPR) is presently 54.14%.

Insider Buying and Selling

In other Tompkins Financial news, Director Ita M. Rahilly purchased 1,164 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $85.90 per share, with a total value of $99,987.60. Following the acquisition, the director directly owned 11,849 shares of the company’s stock, valued at approximately $1,017,829.10. This trade represents a 10.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 2.52% of the stock is currently owned by company insiders.

Institutional Trading of Tompkins Financial

Several large investors have recently made changes to their positions in TMP. IFP Advisors Inc raised its holdings in shares of Tompkins Financial by 59,550.0% in the fourth quarter. IFP Advisors Inc now owns 1,193 shares of the financial services provider’s stock valued at $87,000 after buying an additional 1,191 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Tompkins Financial in the 4th quarter valued at about $118,000. Quantbot Technologies LP bought a new position in shares of Tompkins Financial in the second quarter worth about $151,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Tompkins Financial in the fourth quarter worth about $171,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Tompkins Financial during the second quarter worth approximately $204,000. Institutional investors own 69.11% of the company’s stock.

About Tompkins Financial

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.