Insider Transaction Alert: Tompkins Financial Corp (NYSE:TMP) Senior VP Sells Shares Worth $5,100
In a recent transaction, Stacie M. Mastin, the Senior Vice President and Director of Human Resources at Tompkins Financial Corp (NYSE:TMP), sold 100 shares of the company's common stock at $51.00 per share, totaling $5,100. This sale has adjusted Mastin's direct holdings to 0 shares, with indirect ownership through a spouse.
Insider transactions like Mastin's can provide insights into executives' views on the company's valuation and future prospects. While the reasons for the sale were not disclosed, such transactions are common and can occur for various reasons such as portfolio diversification.
Tompkins Financial Corp, headquartered in Ithaca, New York, operates in the state commercial banks sector and has a history dating back to its former names. Investors interested in the company's performance and insider transactions can monitor filings for further details.
According to InvestingPro data, Tompkins Financial Corp has seen a 24% revenue decline over the last twelve months but experienced a 13.33% quarterly revenue growth in Q2 2024. The company's operating income margin is 8.88%, and it offers a dividend yield of 4.04% as of August 2024, with analysts expecting profitability this year.
With a strong 3-month price total return of 32.32%, Tompkins Financial Corp may provide reassurance to shareholders despite insider sales. For more in-depth analysis and InvestingPro Tips on the company, check out the latest insights available.
This article provides valuable information on an insider transaction at Tompkins Financial Corp and its financial health for investors to make informed decisions about their investments.