StrategIQ Financial Group LLC Reduces Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

StrategIQ Financial Group LLC reduced its position in shares of Tompkins Financial Co. (NYSEAMERICAN:TMPFree Report) by 6.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,815 shares of the financial services provider’s stock after selling 813 shares during the quarter. StrategIQ Financial Group LLC owned approximately 0.08% of Tompkins Financial worth $712,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of TMP. BlackRock Inc. raised its holdings in Tompkins Financial by 2.5% in the 3rd quarter. BlackRock Inc. now owns 2,080,018 shares of the financial services provider’s stock worth $151,049,000 after purchasing an additional 51,632 shares in the last quarter. Vanguard Group Inc. lifted its position in Tompkins Financial by 0.8% during the first quarter. Vanguard Group Inc. now owns 1,436,006 shares of the financial services provider’s stock valued at $112,397,000 after buying an additional 11,454 shares during the period. State Street Corp boosted its holdings in shares of Tompkins Financial by 2.3% during the 1st quarter. State Street Corp now owns 1,326,832 shares of the financial services provider’s stock valued at $87,850,000 after buying an additional 30,111 shares in the last quarter. Tompkins Financial Corp grew its position in shares of Tompkins Financial by 1.6% in the 4th quarter. Tompkins Financial Corp now owns 1,181,017 shares of the financial services provider’s stock worth $71,133,000 after buying an additional 18,305 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Tompkins Financial by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 489,783 shares of the financial services provider’s stock valued at $27,282,000 after purchasing an additional 9,221 shares in the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Tompkins Financial to a “sell” rating in a report on Friday, January 12th.

Read Our Latest Stock Report on Tompkins Financial

Tompkins Financial Stock Up 0.1 %

NYSEAMERICAN TMP traded up $0.05 on Wednesday, hitting $47.73. 4,212 shares of the stock were exchanged, compared to its average volume of 69,286. The firm has a market capitalization of $687.79 million, a price-to-earnings ratio of 76.41 and a beta of 0.65. Tompkins Financial Co. has a 52-week low of $46.31 and a 52-week high of $65.54. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.90.

Tompkins Financial (NYSEAMERICAN:TMPGet Free Report) last posted its earnings results on Friday, January 26th. The financial services provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.22). Tompkins Financial had a net margin of 3.09% and a return on equity of 1.48%. The business had revenue of $71.21 million for the quarter, compared to analysts’ expectations of $74.58 million. On average, analysts predict that Tompkins Financial Co. will post 4.94 earnings per share for the current year.

Tompkins Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 9th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.40 dividend on an annualized basis and a yield of 5.03%. Tompkins Financial’s dividend payout ratio is currently 375.00%.

Insider Activity

In other Tompkins Financial news, Director Ita M. Rahilly acquired 1,982 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were purchased at an average price of $50.46 per share, for a total transaction of $100,011.72. Following the completion of the purchase, the director now directly owns 8,454 shares of the company’s stock, valued at $426,588.84. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 4.31% of the company’s stock.

Tompkins Financial Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tompkins Financial (NYSEAMERICAN:TMP)

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