Tompkins Financial Co. (NYSEAMERICAN:TMP) was the target of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 433,718 shares, a drop of 13.7% from the January 12th total of 502,463 shares. Based on an average daily volume of 31,975 shares, the days-to-cover ratio is presently 13.6 days. Currently, 3.3% of the company’s stock are short sold.
Tompkins Financial (NYSEAMERICAN:TMP) opened at $79.95 on Monday. The firm has a market capitalization of $1,220.00, a PE ratio of 18.77 and a beta of 0.72. Tompkins Financial has a twelve month low of $71.27 and a twelve month high of $92.15.
Tompkins Financial (NYSEAMERICAN:TMP) last posted its earnings results on Friday, January 26th. The financial services provider reported $1.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.17 by ($0.02). The business had revenue of $69.28 million during the quarter.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Tuesday, February 6th were given a $0.48 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.92 annualized dividend and a yield of 2.40%. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.47. Tompkins Financial’s payout ratio is presently 45.07%.
In other Tompkins Financial news, Director James W. Fulmer sold 4,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $82.08, for a total transaction of $328,320.00. Following the transaction, the director now directly owns 45,393 shares in the company, valued at approximately $3,725,857.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
A number of hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its position in Tompkins Financial by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 10,861 shares of the financial services provider’s stock valued at $855,000 after purchasing an additional 75 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Tompkins Financial by 6.1% during the second quarter. Voya Investment Management LLC now owns 8,218 shares of the financial services provider’s stock valued at $647,000 after acquiring an additional 476 shares in the last quarter. Thrivent Financial For Lutherans raised its holdings in shares of Tompkins Financial by 7.0% during the second quarter. Thrivent Financial For Lutherans now owns 7,500 shares of the financial services provider’s stock valued at $590,000 after acquiring an additional 490 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Tompkins Financial by 1.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 59,551 shares of the financial services provider’s stock valued at $4,688,000 after acquiring an additional 579 shares in the last quarter. Finally, American International Group Inc. raised its holdings in shares of Tompkins Financial by 6.1% during the third quarter. American International Group Inc. now owns 11,317 shares of the financial services provider’s stock valued at $975,000 after acquiring an additional 646 shares in the last quarter.
Separately, Sandler O’Neill set a $87.00 price objective on Tompkins Financial and gave the company a “hold” rating in a research note on Wednesday, January 3rd.
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About Tompkins Financial
Tompkins Financial Corporation (Tompkins) is a financial holding company. The Company is a community-based financial services company that offers an array of products and services, including commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, insurance, and brokerage services.
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