Insider buying Tompkins
: On Wednesday of this week, Francis M. Fetsko
, EVP, COO, CFO and treasurer at Tompkins Financial Corporation (NYSEMKT:TMP
), purchased 500 shares of common stock at $50.35 each, for a total transaction worth $25,175. The recent acquisition has taken Mr. Fetsko’s holding to a total of 11,164 shares of common stock, all under direct control, or a total capital investment worth $566,238 approximately.
Mr. Fetsko holds indirect control over an additional 2,427 shares of common stock through an employee sponsored retirement plan. Another 3,200 shares of common stock are indirectly controlled by Mr. Fetsko through an employee stock ownership plan. In total, Mr. Fetsko indirectly controls 5,627 shares of common stock, or a capital investment worth $285,401 approximately.
Wednesday’s transaction has been the first done by Mr. Fetsko this year. The previous acquisition was done in 2011, for 231 shares of common stock at a price of $40.43 each. Before that Mr. Fetsko completed an acquisition in 2009, for 248 shares of common stock at a price of $42.60 each. Hence, Mr. Fetsko's are spread across time and in small quantities.
Mr. Fetsko is not the only insider buying stock, but transactions for the current year do not abound. According to our records, Daniel J. Fessenden
, Director at Tompkins Financial Corp acquired 240 shares of common stock at a price of $41.63 each during the month of May. In the same month, Sandra A. Parker
, Director at Tompkins Financial Corp acquired 1,719 shares of common stock at a price of $40.41 each.
During the current month quarterly dividends have been raised after a full year of stable rates. Today, the stock offers a $0.04 quarterly cash dividend, representing a 3.0% annual yield.
Disclosure: Jodor Jalit holds no position in any of the mentioned stocks.
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