Tompkins Financial Corp Decreases Stock Holdings in Tompkins Financial Corporation $TMP

Tompkins Financial Corp decreased its position in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 1.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,104,591 shares of the financial services provider’s stock after selling 12,728 shares during the period. Tompkins Financial makes up about 7.5% of Tompkins Financial Corp’s portfolio, making the stock its biggest holding. Tompkins Financial Corp owned about 0.08% of Tompkins Financial worth $106,317,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Nykredit A S bought a new stake in Tompkins Financial during the second quarter worth $25,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Tompkins Financial in the 2nd quarter valued at $27,000. Bard Associates Inc. acquired a new position in shares of Tompkins Financial during the 2nd quarter worth $28,000. Trust Co. of Vermont acquired a new position in shares of Tompkins Financial during the 2nd quarter worth $42,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Tompkins Financial during the 2nd quarter worth $51,000. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Tompkins Financial Price Performance

TMP traded down $0.17 on Monday, reaching $98.72. The stock had a trading volume of 21,139 shares, compared to its average volume of 82,017. Tompkins Financial Corporation has a fifty-two week low of $61.88 and a fifty-two week high of $102.58. The firm has a 50-day moving average of $98.65 and a 200-day moving average of $90.72. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 8.09 and a beta of 0.76.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its earnings results on Friday, July 24th. The financial services provider reported $2.04 EPS for the quarter, beating the consensus estimate of $1.82 by $0.22. The firm had revenue of $87.12 million during the quarter, compared to the consensus estimate of $86.93 million. Tompkins Financial had a return on equity of 11.52% and a net margin of 30.13%. As a group, sell-side analysts anticipate that Tompkins Financial Corporation will post 7.75 EPS for the current year.

Tompkins Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 7th were issued a $0.70 dividend. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.67. The ex-dividend date was Friday, August 7th. This represents a $2.80 dividend on an annualized basis and a yield of 2.8%. Tompkins Financial’s dividend payout ratio (DPR) is 56.57%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TMP shares. Keefe, Bruyette & Woods raised their price objective on Tompkins Financial from $98.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Piper Sandler increased their target price on shares of Tompkins Financial from $87.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Tompkins Financial currently has a consensus rating of “Hold” and an average target price of $104.50.

About Tompkins Financial

Tompkins Financial Corporation is a financial services holding company headquartered in Ithaca, New York. Through its banking, insurance and wealth-management subsidiaries, the company provides a range of services to individuals, businesses, municipalities and nonprofit organizations.

The company’s banking operations offer deposit accounts, residential and commercial lending, mortgage services, cash-management solutions, online and mobile banking, and other traditional community-banking products.