Tompkins Financial Co. (NYSEAMERICAN:TMP) Short Interest Down 20.6% in December

Tompkins Financial Co. (NYSEAMERICAN:TMP) 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.

Institutional Trading of Tompkins Financial

A number of institutional investors have recently modified their holdings of the company. nVerses Capital LLC lifted its stake in Tompkins Financial by 100.0% in the third quarter. nVerses Capital LLC now owns 600 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 300 shares during the period. Versant Capital Management Inc raised its holdings in Tompkins Financial by 238.8% in the 4th quarter. Versant Capital Management Inc now owns 603 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 425 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Tompkins Financial by 89.0% in the 3rd quarter. GAMMA Investing LLC now owns 877 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 413 shares during the period. Eastern Bank bought a new stake in shares of Tompkins Financial during the 3rd quarter valued at about $67,000. Finally, FMR LLC increased its position in shares of Tompkins Financial by 14.3% during the third 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. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

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) 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.