John G Ullman & Associates Inc. Boosts Stake in Tompkins Financial Co. (NYSEAMERICAN:TMP)

John G Ullman & Associates Inc. lifted its holdings in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 224.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,865 shares of the financial services provider’s stock after buying an additional 70,422 shares during the period. John G Ullman & Associates Inc. owned approximately 0.71% of Tompkins Financial worth $5,123,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Tompkins Financial in the 4th quarter valued at approximately $27,000. Signaturefd LLC raised its stake in shares of Tompkins Financial by 366.7% in the 4th quarter. Signaturefd LLC now owns 490 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 385 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Tompkins Financial by 107.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,801 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 932 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Tompkins Financial by 736.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,686 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 2,365 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in shares of Tompkins Financial in the fourth quarter valued at approximately $205,000. 69.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on TMP shares. StockNews.com upgraded shares of Tompkins Financial from a “sell” rating to a “hold” rating in a report on Tuesday, June 18th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $50.00 price target (down previously from $55.00) on shares of Tompkins Financial in a report on Friday, May 3rd.

Insider Activity at Tompkins Financial

In other news, Director Janet M. Coletti purchased 1,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were bought at an average cost of $47.91 per share, with a total value of $47,910.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $95,820. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.50% of the stock is owned by corporate insiders.

Tompkins Financial Stock Up 6.8 %

TMP stock traded up $3.28 on Thursday, hitting $51.20. The company’s stock had a trading volume of 76,029 shares, compared to its average volume of 63,020. Tompkins Financial Co. has a 1 year low of $43.09 and a 1 year high of $65.54. The company has a market cap of $737.28 million, a price-to-earnings ratio of 108.94 and a beta of 0.70. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.90 and a quick ratio of 0.90.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its quarterly earnings data on Friday, April 26th. The financial services provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.04). The firm had revenue of $72.81 million for the quarter, compared to analysts’ expectations of $74.91 million. Tompkins Financial had a return on equity of 1.08% and a net margin of 2.16%. Sell-side analysts expect that Tompkins Financial Co. will post 4.21 earnings per share for the current year.

Tompkins Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 10th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, May 9th. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.52. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.77%. Tompkins Financial’s dividend payout ratio is 519.15%.

Tompkins Financial Company Profile

Tompkins Financial Corporation, a financial holding company, provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance services. The company operates through three segments: Banking, Insurance, and Wealth Management. It accepts various deposit products, including checking and savings accounts, time deposits, and IRA products, as well as brokered, reciprocal, and municipal money market deposits.