Tompkins Financial (NYSEAMERICAN:TMP) Stock Crosses Above 50 Day Moving Average – What’s Next?

Tompkins Financial Co. (NYSEAMERICAN:TMP) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.00 and traded as high as $71.13. Tompkins Financial shares last traded at $69.69, with a volume of 30,106 shares trading hands.

Wall Street Analyst Weigh In

Separately, Piper Sandler began coverage on shares of Tompkins Financial in a research note on Friday, December 20th. They set a “neutral” rating and a $70.00 target price for the company.

Tompkins Financial Trading Down 1.5 %

The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 14.69 and a beta of 0.73. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 1.11.

Tompkins Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 14th will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, February 14th. This represents a $2.48 dividend on an annualized basis and a yield of 3.56%. Tompkins Financial’s payout ratio is 50.10%.

Institutional Investors Weigh In On Tompkins Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TMP. Wilmington Savings Fund Society FSB bought a new stake in shares of Tompkins Financial in the 4th quarter valued at about $27,000. Sterling Capital Management LLC raised its holdings in shares of Tompkins Financial by 784.8% in the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 361 shares in the last quarter. nVerses Capital LLC raised its holdings in shares of Tompkins Financial by 100.0% in the 3rd quarter. nVerses Capital LLC now owns 600 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 300 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Tompkins Financial by 238.8% in the 4th quarter. Versant Capital Management Inc now owns 603 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 425 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in shares of Tompkins Financial in the 4th quarter valued at about $49,000. 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.