Keefe, Bruyette & Woods Reiterates Market Perform Rating for Tompkins Financial (NYSEAMERICAN:TMP)

Keefe, Bruyette & Woods reiterated their market perform rating on shares of Tompkins Financial (NYSEAMERICAN:TMP - Free Report) in a research report released on Friday morning, Benzinga reports. They currently have a $50.00 target price on the financial services provider's stock, down from their previous target price of $55.00.

Separately, StockNews.com upgraded shares of Tompkins Financial to a sell rating in a report on Friday, January 12th.

Tompkins Financial Trading Up 1.0 %

TMP traded up $0.49 during midday trading on Friday, reaching $47.32. 44,114 shares of the company's stock traded hands, compared to its average volume of 65,993. Tompkins Financial has a 52 week low of $43.09 and a 52 week high of $65.54. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $681.88 million, a price-to-earnings ratio of 100.68 and a beta of 0.67.

Tompkins Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be issued a $0.61 dividend. This is an increase from Tompkins Financial's previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.44 dividend on an annualized basis and a yield of 5.16%. Tompkins Financial's dividend payout ratio is currently 510.64%.

Insider Activity

In other Tompkins Financial news, Director Ita M. Rahilly purchased 1,982 shares of the firm's stock in a transaction on Tuesday, February 20th. The shares were acquired at an average cost of $50.46 per share, for a total transaction of $100,011.72. Following the completion of the transaction, the director now owns 8,454 shares of the company's stock, valued at $426,588.84. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On Tompkins Financial

Several large investors have recently made changes to their positions in TMP. Massmutual Trust Co. FSB ADV bought a new stake in Tompkins Financial during the fourth quarter worth approximately $27,000. Signaturefd LLC boosted its stake in Tompkins Financial by 366.7% during the fourth quarter. Signaturefd LLC now owns 490 shares of the financial services provider's stock worth $30,000 after buying an additional 385 shares during the period. CNB Bank bought a new position in Tompkins Financial during the third quarter valued at $28,000. PNC Financial Services Group Inc. raised its stake in shares of Tompkins Financial by 107.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,801 shares of the financial services provider's stock valued at $108,000 after acquiring an additional 932 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Tompkins Financial in the 3rd quarter worth about $101,000. 69.11% of the stock is owned by institutional investors.

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.