Tompkins Financial Corp executive sells shares worth $5,100

In a recent transaction, Stacie M. Mastin, the Senior Vice President and Director of Human Resources at Tompkins (NYSE:TMP) Financial Corp (NYSEMKT:TMP), sold 100 shares of the company's common stock. The sale, which took place on July 11, 2024, was executed at a price of $51.00 per share, resulting in a total transaction value of $5,100.

This transaction has adjusted Mastin's direct and indirect holdings in Tompkins Financial Corp . Following the sale, Mastin's direct holdings have come down to 0 shares, as indicated by the transaction report. Additionally, the report reflects that Mastin has an indirect ownership through a spouse, but the exact post-transaction share count for the indirect holdings was not disclosed in the filing.

It's noteworthy that the transaction did not involve any equity swaps, as per the details provided in the filing. The shares sold by Mastin were owned indirectly by her spouse, emphasizing the importance of considering both direct and indirect forms of ownership when assessing executive stock transactions.

Investors and market watchers often monitor insider transactions as they can provide insights into the executives' perspectives on the company's current valuation and future prospects. While the reasons behind Mastin's sale have not been disclosed, such transactions are routine and can occur for a variety of reasons, including portfolio diversification or personal financial management.

Tompkins Financial Corp, with its headquarters in Ithaca, New York, operates within the state commercial banks sector under the standard industrial classification. The company's fiscal year ends on December 31, and it has a history that dates back to its former names, including Tompkins Trustco Inc and Tompkins County Trustco Inc.

Investors interested in Tompkins Financial Corp's stock performance and insider transactions like Mastin's can continue to follow the company's filings and public disclosures for further details and developments.

InvestingPro Insights

As investors consider the implications of the recent insider transaction at Tompkins Financial Corp (NYSEMKT:TMP), it's valuable to look at the company's financial health and market performance through the lens of InvestingPro data and insights. According to the latest real-time metrics from InvestingPro, Tompkins Financial Corp has experienced a revenue decline of 24% over the last twelve months as of Q2 2024, which may raise concerns about the company's growth trajectory. However, the company has seen a quarterly revenue growth of 13.33% in Q2 2024, suggesting some recovery or seasonal strength in its operations.

The company also boasts a respectable operating income margin of 8.88% for the same period, indicating a level of operational efficiency despite the revenue challenges. Additionally, Tompkins Financial Corp's dividend yield stands at 4.04% as of August 2024, which could be appealing to income-focused investors, especially considering that the company has raised its dividend for 34 consecutive years, an InvestingPro Tip that highlights the company's commitment to shareholder returns.

Another InvestingPro Tip suggests that analysts expect Tompkins Financial Corp to be profitable this year, which is corroborated by a basic and diluted EPS of 1.0 USD over the last twelve months as of Q2 2024. This profitability, alongside a strong 3-month price total return of 32.32%, might provide some reassurance to shareholders following insider sales.

For investors seeking more comprehensive analysis and additional InvestingPro Tips on Tompkins Financial Corp, there are currently 5 more tips available at: https://www.investing.com/pro/TMP. These tips could offer deeper insights into the company's valuation, earnings revisions, and other key financial metrics that are crucial for making informed investment decisions.

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