Tompkins Financial (NYSEAMERICAN:TMP) Stock Passes Above 50-Day Moving Average – What’s Next?

Tompkins Financial Co. (NYSEAMERICAN:TMP)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.00 and traded as high as $71.13. Tompkins Financial shares last traded at $69.69, with a volume of 30,106 shares traded.

Analyst Upgrades and Downgrades

Separately, Piper Sandler started coverage on Tompkins Financial in a report on Friday, December 20th. They set a “neutral” rating and a $70.00 price target for the company.

Tompkins Financial Price Performance

The company has a debt-to-equity ratio of 1.11, a current ratio of 0.96 and a quick ratio of 0.92. The firm has a market capitalization of $1.00 billion, a PE ratio of 14.69 and a beta of 0.73.

Tompkins Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 14th will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.56%. Tompkins Financial’s dividend payout ratio (DPR) is presently 50.10%.

Institutional Investors Weigh In On Tompkins Financial

A number of institutional investors have recently made changes to their positions in TMP. JPMorgan Chase & Co. boosted its position in shares of Tompkins Financial by 76.1% during the 4th quarter. JPMorgan Chase & Co. now owns 109,668 shares of the financial services provider’s stock valued at $7,439,000 after purchasing an additional 47,382 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Tompkins Financial by 50.2% during the 4th quarter. American Century Companies Inc. now owns 123,654 shares of the financial services provider’s stock valued at $8,387,000 after purchasing an additional 41,329 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Tompkins Financial during the 4th quarter valued at about $2,743,000. LPL Financial LLC boosted its position in shares of Tompkins Financial by 476.0% during the 4th quarter. LPL Financial LLC now owns 31,626 shares of the financial services provider’s stock valued at $2,145,000 after purchasing an additional 26,135 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Tompkins Financial during the 4th quarter valued at about $1,661,000. Institutional investors own 69.11% of the company’s stock.

Tompkins Financial Company Profile

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.