Tompkins Financial Corp Lowers Stake in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Tompkins Financial Corp cut its stake in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,140,778 shares of the financial services provider’s stock after selling 11,177 shares during the period. Tompkins Financial makes up about 7.2% of Tompkins Financial Corp’s portfolio, making the stock its 2nd biggest holding. Tompkins Financial Corp owned approximately 7.93% of Tompkins Financial worth $77,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Tompkins Financial by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 571,421 shares of the financial services provider’s stock worth $27,941,000 after acquiring an additional 34,752 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Tompkins Financial by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 291,312 shares of the financial services provider’s stock valued at $16,839,000 after purchasing an additional 1,766 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Tompkins Financial by 139.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 62,286 shares of the financial services provider’s stock worth $3,600,000 after buying an additional 36,231 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Tompkins Financial by 17.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 40,324 shares of the financial services provider’s stock worth $2,735,000 after buying an additional 5,956 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in Tompkins Financial by 6.4% in the second quarter. Public Sector Pension Investment Board now owns 27,569 shares of the financial services provider’s stock valued at $1,348,000 after buying an additional 1,662 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors.

Tompkins Financial Stock Down 1.3 %

Tompkins Financial stock opened at $66.64 on Friday. The company has a market capitalization of $958.95 million, a PE ratio of 14.39 and a beta of 0.74. Tompkins Financial Co. has a 1 year low of $43.09 and a 1 year high of $79.01. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.92 and a quick ratio of 0.92.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its quarterly earnings data on Friday, October 25th. The financial services provider reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.09. The business had revenue of $112.51 million during the quarter. Tompkins Financial had a return on equity of 9.68% and a net margin of 15.59%. During the same quarter in the previous year, the company earned ($2.35) earnings per share. On average, sell-side analysts anticipate that Tompkins Financial Co. will post 4.81 EPS for the current year.

Tompkins Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.61. Tompkins Financial’s dividend payout ratio (DPR) is currently 53.56%.

Analysts Set New Price Targets

Several brokerages recently commented on TMP. Piper Sandler began coverage on shares of Tompkins Financial in a research report on Friday, December 20th. They issued a “neutral” rating and a $70.00 target price on the stock. Keefe, Bruyette & Woods raised Tompkins Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $59.00 to $68.00 in a report on Wednesday, October 2nd.

Tompkins Financial 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.