Tompkins Financial (NYSEAMERICAN:TMP) Shares Cross Above 50-Day Moving Average – Should You Sell?

Tompkins Financial Corporation (NYSEAMERICAN:TMP) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $78.07 and traded as high as $78.29. Tompkins Financial shares last traded at $77.85, with a volume of 52,221 shares.

Analyst Upgrades and Downgrades

TMP has been the topic of several research analyst reports. Piper Sandler started coverage on Tompkins Financial in a research report on Wednesday, December 3rd. They set a “neutral” rating and a $74.00 price target on the stock. Zacks Research raised Tompkins Financial to a “hold” rating in a research note on Thursday, December 4th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $74.00.

Tompkins Financial Price Performance

The company has a market cap of $1.12 billion, a price-to-earnings ratio of 6.94 and a beta of 0.78. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $78.07 and a 200 day moving average price of $71.85.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its earnings results on Friday, January 30th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. Tompkins Financial had a return on equity of 11.19% and a net margin of 27.82%.The company had revenue of $194.82 million for the quarter, compared to analyst estimates of $136.16 million. As a group, research analysts expect that Tompkins Financial Corporation will post 5.46 earnings per share for the current fiscal year.

Tompkins Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, February 22nd. Shareholders of record on Friday, February 13th were paid a dividend of $0.67 per share. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.65. This represents a $2.68 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, February 13th. Tompkins Financial’s payout ratio is currently 54.14%.

Institutional Investors Weigh In On Tompkins Financial

A number of large investors have recently made changes to their positions in the company. Cross Staff Investments Inc acquired a new position in Tompkins Financial in the 4th quarter worth approximately $206,000. Mercer Global Advisors Inc. ADV boosted its position in shares of Tompkins Financial by 15.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,888 shares of the financial services provider’s stock worth $500,000 after buying an additional 897 shares during the period. Millennium Management LLC grew its holdings in shares of Tompkins Financial by 1.1% during the fourth quarter. Millennium Management LLC now owns 16,863 shares of the financial services provider’s stock valued at $1,223,000 after buying an additional 183 shares in the last quarter. AQR Capital Management LLC raised its position in Tompkins Financial by 62.3% during the fourth quarter. AQR Capital Management LLC now owns 68,928 shares of the financial services provider’s stock valued at $4,999,000 after buying an additional 26,457 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in Tompkins Financial by 2.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,973 shares of the financial services provider’s stock valued at $1,376,000 after buying an additional 513 shares during the period. Institutional investors and hedge funds own 69.11% of the company’s stock.

About Tompkins Financial

Tompkins Financial (NYSEAMERICAN:TMP) is a bank holding company headquartered in Ithaca, New York, that provides a diversified range of financial services. Through its principal banking subsidiary, Tompkins Trust Company, the firm offers commercial and consumer banking products including checking and savings accounts, mortgage loans, and credit facilities. Beyond traditional banking, Tompkins Financial delivers asset management, trust and estate planning, retirement services and investment advisory solutions.

In addition to its core banking operations, Tompkins Financial operates Tompkins Insurance Agencies, which offers property and casualty, life and health insurance coverages to individuals and businesses.