Tompkins Monetary director Patricia Johnson acquires $17,640 in inventory

Patricia A. Johnson, a director at Tompkins Monetary Corp (NYSE:TMP), lately acquired shares within the firm. In line with a current SEC submitting, Johnson bought 263 shares of widespread inventory on January 7, 2025, at a value of $67.074 per share. The inventory has proven sturdy momentum, gaining almost 48% over the previous six months, in accordance with InvestingPro information. The transaction was valued at roughly $17,640. This acquisition was a part of the corporate’s Second Amended and Restated Retainer Plan, permitting administrators to obtain shares in lieu of money retainer charges. Following this transaction, Johnson holds a complete of 4,507.913 shares in Tompkins Monetary Corp. The corporate maintains a powerful dividend profile with a 3.7% yield and has raised its dividend for 35 consecutive years. With earnings scheduled for January 24, 2025, InvestingPro subscribers can entry 8 further funding insights about TMP’s monetary well being and valuation.

In different current information, Tompkins Monetary Company has introduced a rise in its common quarterly money dividend to $0.62 per share, marking a 1.6% rise over the third quarter’s dividend, and a 3.3% enhance in comparison with the fourth quarter of the earlier 12 months. This adjustment represents a gentle progress in shareholder returns and signifies the corporate’s dedication to offering worth to its buyers. Moreover, Tompkins Monetary has been upgraded from Market Carry out to Outperform by analyst agency Keefe, Bruyette & Woods (KBW). This improve was accompanied by a rise in KBW’s value goal for Tompkins Monetary, from $59.00 to $68.00. KBW attributes this improve to Tompkins Monetary’s regular efficiency all through financial cycles, its above-peer returns, best-quartile credit score efficiency, and lower-than-peer deposit prices. With the normalization of the speed setting, KBW anticipates a rebound in Tompkins Monetary’s web curiosity margin, resulting in enhanced returns. These are among the many current developments regarding Tompkins Monetary Company.

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