Tompkins Financial Co. (NYSEAMERICAN:TMP) Short Interest Update

Tompkins Financial Co. (NYSEAMERICAN:TMP) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 68,900 shares, a drop 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 presently 1.2 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Trading of Tompkins Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in TMP. nVerses Capital LLC raised its holdings in 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 buying an additional 300 shares during the period. Versant Capital Management Inc raised its stake 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 acquiring an additional 425 shares during the period. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 413 shares during the last quarter. Eastern Bank purchased a new position in shares of Tompkins Financial during the 3rd quarter worth approximately $67,000. Finally, FMR LLC increased its holdings in Tompkins Financial by 14.3% in the 3rd quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 216 shares during the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

Tompkins Financial Stock Up 0.5 %

Shares of TMP traded up $0.31 during trading hours on Friday, hitting $66.95. 50,937 shares of the stock were exchanged, compared to its average volume of 47,467. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $963.41 million, a price-to-earnings ratio of 14.46 and a beta of 0.74. Tompkins Financial has a 12-month low of $43.09 and a 12-month high of $79.01.

Tompkins Financial (NYSEAMERICAN:TMP) last released its quarterly earnings data on Friday, October 25th. The financial services provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.09. Tompkins Financial had a net margin of 15.59% and a return on equity of 9.68%. The company had revenue of $112.51 million during the quarter. During the same quarter in the previous year, the company posted ($2.35) EPS. Equities research analysts forecast that Tompkins Financial will post 4.81 earnings per share for the current fiscal year.

Tompkins Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were given a dividend of $0.62 per share. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a yield of 3.70%. The ex-dividend date was Friday, November 8th. Tompkins Financial’s dividend payout ratio (DPR) is presently 53.56%.

Analysts Set New Price Targets

TMP has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised shares of Tompkins Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $59.00 to $68.00 in a report on Wednesday, October 2nd. Piper Sandler initiated 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.

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.