Tompkins Financial (NYSEAMERICAN:TMP) Hits New 1-Year High – Should You Buy?

Tompkins Financial Corporation (NYSEAMERICAN:TMP)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $80.47 and last traded at $80.12, with a volume of 88499 shares trading hands. The stock had previously closed at $76.73.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TMP. Piper Sandler assumed coverage on Tompkins Financial in a research note on Wednesday, December 3rd. They issued a “neutral” rating and a $74.00 price objective on the stock. Zacks Research upgraded shares of Tompkins Financial to a “hold” rating in a research report on Thursday, December 4th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $74.00.

Tompkins Financial Stock Up 4.4%

The company has a market cap of $1.16 billion, a PE ratio of 13.60 and a beta of 0.80. The company has a fifty day moving average of $73.74 and a two-hundred day moving average of $69.02. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.92 and a current ratio of 0.92.

Insiders Place Their Bets

In other news, Director Ita M. Rahilly acquired 1,463 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was acquired at an average price of $68.36 per share, with a total value of $100,010.68. Following the completion of the purchase, the director directly owned 10,511 shares in the company, valued at approximately $718,531.96. This trade represents a 16.17% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.94% of the stock is owned by company insiders.

Institutional Trading of Tompkins Financial

A number of large investors have recently modified their holdings of the company. Chicago Partners Investment Group LLC raised its position in Tompkins Financial by 1.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 11,438 shares of the financial services provider’s stock valued at $751,000 after purchasing an additional 216 shares in the last quarter. Savant Capital LLC raised its stake in Tompkins Financial by 4.2% in the third quarter. Savant Capital LLC now owns 5,913 shares of the financial services provider’s stock worth $392,000 after buying an additional 238 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Tompkins Financial by 95.4% during the third quarter. EverSource Wealth Advisors LLC now owns 551 shares of the financial services provider’s stock worth $36,000 after buying an additional 269 shares during the period. Rhumbline Advisers increased its holdings in shares of Tompkins Financial by 0.8% in the 3rd quarter. Rhumbline Advisers now owns 38,226 shares of the financial services provider’s stock valued at $2,531,000 after acquiring an additional 308 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Tompkins Financial by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,556 shares of the financial services provider’s stock worth $476,000 after acquiring an additional 311 shares in the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Tompkins Financial Company Profile

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.