Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Insider Buying at Tompkins Doesn’t Happen Often, So Pay Attention to This Move

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.

Insider Trading 3

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.

Recommended Reading:

Make Insider Trading Work For You — Without Going To Jail

9 Insider Purchases That Shareholders Should Know About

Verastem’s Richard Aldrich Made a Buy Earlier This Week at $12.57/Share

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.