Tompkins Financial (NYSEAMERICAN:TMP) Reaches New 12-Month High – Should You Buy?

Tompkins Financial Co. (NYSEAMERICAN:TMP) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $79.01 and last traded at $78.37, with a volume of 13417 shares trading hands. The stock had previously closed at $76.14.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. StockNews.com raised Tompkins Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Keefe, Bruyette & Woods upgraded shares of Tompkins Financial from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $59.00 to $68.00 in a research report on Wednesday, October 2nd.

Tompkins Financial Trading Up 1.1 %

The company has a market cap of $1.11 billion, a price-to-earnings ratio of 16.43 and a beta of 0.67. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.75.

Tompkins Financial (NYSEAMERICAN:TMP) last released 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. The business had revenue of $112.51 million during the quarter. Tompkins Financial had a net margin of 15.59% and a return on equity of 9.68%. During the same period in the prior year, the company earned ($2.35) earnings per share.

Tompkins Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were paid a dividend of $0.62 per share. The ex-dividend date was Friday, November 8th. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a yield of 3.21%. Tompkins Financial’s dividend payout ratio is currently 53.56%.

Hedge Funds Weigh In On Tompkins Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC grew its stake in Tompkins Financial by 100.0% during the 3rd quarter. nVerses Capital LLC now owns 600 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 300 shares in the last quarter. CWM LLC boosted its holdings in shares of Tompkins Financial by 253.2% during the second quarter. CWM LLC now owns 890 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 638 shares during the period. GAMMA Investing LLC grew its position in Tompkins Financial by 89.0% during the third quarter. GAMMA Investing LLC now owns 877 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 413 shares in the last quarter. Eastern Bank purchased a new position in Tompkins Financial during the third quarter valued at approximately $67,000. Finally, FMR LLC increased its stake in Tompkins Financial by 14.3% in the 3rd quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock valued at $100,000 after buying an additional 216 shares during the period. Institutional investors and hedge funds own 69.11% of the company’s stock.

About Tompkins Financial

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.