Tompkins Financial Co. (NYSEAMERICAN:TMP – Get Free Report) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 68,900 shares, a decrease of 20.6% from the December 15th total of 86,800 shares. Based on an average daily volume of 55,800 shares, the short-interest ratio is currently 1.2 days. Approximately 0.5% of the shares of the company are short sold.
Analyst Ratings Changes
A number of brokerages have issued reports on TMP. Piper Sandler began coverage on shares of Tompkins Financial in a report on Friday, December 20th. They set a “neutral” rating and a $70.00 target price on the stock. Keefe, Bruyette & Woods upgraded Tompkins Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $59.00 to $68.00 in a research note on Wednesday, October 2nd.
Get Our Latest Analysis on TMP
Institutional Trading of Tompkins Financial
Tompkins Financial Trading Up 0.5 %
Shares of TMP stock traded up $0.31 during trading hours on Friday, hitting $66.95. 50,937 shares of the company’s stock were exchanged, compared to its average volume of 47,467. Tompkins Financial has a 12-month low of $43.09 and a 12-month high of $79.01. The company has a market capitalization of $963.41 million, a PE ratio of 14.46 and a beta of 0.74. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.92 and a current ratio of 0.92.
Tompkins Financial (NYSEAMERICAN:TMP – Get Free Report) last announced its quarterly earnings data on Friday, October 25th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.09. Tompkins Financial had a return on equity of 9.68% and a net margin of 15.59%. The firm had revenue of $112.51 million for the quarter. During the same period last year, the business posted ($2.35) earnings per share. As a group, analysts predict that Tompkins Financial will post 4.81 earnings per share for the current fiscal year.
Tompkins Financial Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date was Friday, November 8th. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.61. Tompkins Financial’s dividend payout ratio (DPR) is 53.56%.
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.
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