Tompkins Financial Co. (TMP) Short Interest Update

Tompkins Financial Co. (NYSE:TMP) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 876,733 shares, an increase of 2.3% from the August 31st total of 857,369 shares. Approximately 6.8% of the company’s stock are sold short. Based on an average daily volume of 27,480 shares, the short-interest ratio is currently 31.9 days.

In other Tompkins Financial news, CFO Francis M. Fetsko sold 672 shares of the stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $72.04, for a total transaction of $48,410.88. Following the completion of the transaction, the chief financial officer now owns 12,086 shares in the company, valued at approximately $870,675.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gerald J. Klein, Jr. sold 650 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $71.59, for a total value of $46,533.50. Following the transaction, the chief executive officer now owns 17,824 shares of the company’s stock, valued at approximately $1,276,020.16. The disclosure for this sale can be found here.

Separately, Keefe, Bruyette & Woods upgraded Tompkins Financial from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $57.00 to $63.00 in a report on Monday, June 13th.

Tompkins Financial (NYSE:TMP) opened at 73.78 on Wednesday. The firm’s 50-day moving average price is $72.89 and its 200-day moving average price is $67.90. Tompkins Financial has a 12-month low of $50.54 and a 12-month high of $76.00. The company has a market cap of $1.11 billion and a PE ratio of 19.62.

Tompkins Financial (NYSE:TMP) last posted its earnings results on Friday, July 22nd. The company reported $0.96 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.96. Equities research analysts forecast that Tompkins Financial will post $3.91 earnings per share for the current fiscal year.

About Tompkins Financial

Tompkins Financial Corporation (Tompkins) is a financial holding and community-based financial services company. The Company offers an array of products and services, including commercial and consumer banking, leasing and financial planning. It operates through three segments: banking (Banking), insurance (Tompkins Insurance Agencies, Inc) and wealth management (Tompkins Financial Advisors).

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