Ita Rahilly, a director at Tompkins Financial Corporation, has increased their ownership in the company by acquiring 1,463 shares on November 21, 2023. The shares were purchased at an average price of $68.36 each, resulting in a total investment of approximately $100,010.68. Following this transaction, Rahilly now holds a total of 10,511 shares in the company, valued at around $718,531.96.
This transaction marks a significant increase in Rahilly’s stake, representing a growth of 16.17% in their ownership. The acquisition was formally disclosed through a filing with the Securities and Exchange Commission (SEC), which provides transparency for investors and the public.
Market Performance and Financial Overview
On the trading day following the purchase, Tompkins Financial shares rose by $0.40 to reach $68.61 during mid-day trading. The stock experienced a trading volume of 24,610 shares, which is notably lower than its average volume of 49,014 shares. The company’s performance metrics indicate a market capitalization of approximately $990.04 million, a price-to-earnings ratio of 11.65, and a beta of 0.88.
Tompkins Financial’s stock has fluctuated significantly over the past year, with a 52-week low of $54.16 and a 52-week high reaching $79.01. The company maintains a quick ratio of 0.95, a current ratio of 0.92, and a debt-to-equity ratio of 0.56.
In its most recent earnings report on October 24, 2023, Tompkins Financial reported earnings of $1.65 per share, which fell short of analysts’ expectations of $1.70 by $0.05. The firm generated revenue of $87.44 million, slightly surpassing the anticipated $87.00 million. The company’s return on equity was recorded at 11.24%, with a net margin of 18.24%. Analysts project that Tompkins Financial will achieve an earnings per share (EPS) of 5.46 for the current fiscal year.
Recent Institutional Activity
The investment landscape for Tompkins Financial has seen notable activity from institutional investors. Chicago Partners Investment Group LLC increased its stake in the company by 1.9% during the third quarter, now holding 11,438 shares valued at approximately $751,000 after acquiring an additional 216 shares.
Similarly, Savant Capital LLC grew its holdings by 4.2%, reaching 5,913 shares worth $392,000 after purchasing an extra 238 shares. EverSource Wealth Advisors LLC made a significant move, increasing its position by 95.4% to own 551 shares valued at $36,000. Other firms, including Rhumbline Advisers and MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., have also added to their stakes in Tompkins Financial.
Overall, institutional investors and hedge funds control 69.11% of Tompkins Financial’s stock, reflecting strong institutional confidence in the company’s future prospects.
Tompkins Financial Corporation operates as a financial holding company, offering a range of services including commercial and consumer banking, leasing, trust and investment management, financial planning, and insurance services. The company is structured into three main segments: Banking, Insurance, and Wealth Management.
