Tompkins Financial Corp Has $82.39 Million Position in Tompkins Financial Corporation $TMP

Tompkins Financial Corp reduced its holdings in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 0.8% during the fourth quarter, Holdings Channel reports. The fund owned 1,136,059 shares of the financial services provider’s stock after selling 9,255 shares during the period. Tompkins Financial comprises about 6.4% of Tompkins Financial Corp’s investment portfolio, making the stock its 3rd biggest position. Tompkins Financial Corp owned about 0.08% of Tompkins Financial worth $82,387,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TMP. EverSource Wealth Advisors LLC boosted its stake in shares of Tompkins Financial by 95.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 551 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 269 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Tompkins Financial during the second quarter valued at about $151,000. CWM LLC boosted its position in Tompkins Financial by 122.6% during the third quarter. CWM LLC now owns 2,812 shares of the financial services provider’s stock valued at $186,000 after buying an additional 1,549 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Tompkins Financial during the second quarter valued at about $202,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Tompkins Financial in the second quarter worth about $204,000. 69.11% of the stock is owned by hedge funds and other institutional investors.

Tompkins Financial Stock Performance

Shares of NYSEAMERICAN:TMP opened at $73.93 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average price of $78.44 and a 200-day moving average price of $72.38. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 6.59 and a beta of 0.78. Tompkins Financial Corporation has a 12 month low of $54.16 and a 12 month high of $86.95.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its quarterly earnings results on Friday, January 30th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. The company had revenue of $257.30 million for the quarter, compared to the consensus estimate of $136.16 million. Tompkins Financial had a return on equity of 11.19% and a net margin of 27.82%. As a group, equities analysts anticipate that Tompkins Financial Corporation will post 5.46 EPS for the current year.

Tompkins Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, February 22nd. Shareholders of record on Friday, February 13th were issued a dividend of $0.67 per share. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.65. The ex-dividend date was Friday, February 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.6%. Tompkins Financial’s dividend payout ratio (DPR) is currently 54.14%.

Analyst Ratings Changes

TMP has been the subject of several analyst reports. Zacks Research upgraded Tompkins Financial to a “hold” rating in a report on Thursday, December 4th. Piper Sandler started coverage on Tompkins Financial in a research note on Wednesday, December 3rd. They set a “neutral” rating and a $74.00 price objective for the company. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $74.00.

Tompkins Financial Profile

Tompkins Financial (NYSEAMERICAN:TMP) is a bank holding company headquartered in Ithaca, New York, that provides a diversified range of financial services. Through its principal banking subsidiary, Tompkins Trust Company, the firm offers commercial and consumer banking products including checking and savings accounts, mortgage loans, and credit facilities. Beyond traditional banking, Tompkins Financial delivers asset management, trust and estate planning, retirement services and investment advisory solutions.

In addition to its core banking operations, Tompkins Financial operates Tompkins Insurance Agencies, which offers property and casualty, life and health insurance coverages to individuals and businesses.