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

Tompkins Financial Corp lessened its position in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,136,059 shares of the financial services provider’s stock after selling 9,255 shares during the period. Tompkins Financial accounts for 6.4% of Tompkins Financial Corp’s investment portfolio, making the stock its 3rd largest position. Tompkins Financial Corp owned about 7.87% of Tompkins Financial worth $82,387,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TMP. Geode Capital Management LLC lifted its holdings in Tompkins Financial by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 310,539 shares of the financial services provider’s stock worth $19,481,000 after purchasing an additional 11,455 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Tompkins Financial by 1.8% in the second quarter. American Century Companies Inc. now owns 144,120 shares of the financial services provider’s stock worth $9,041,000 after buying an additional 2,489 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Tompkins Financial by 6.9% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 118,739 shares of the financial services provider’s stock worth $7,862,000 after buying an additional 7,674 shares in the last quarter. Invesco Ltd. boosted its position in shares of Tompkins Financial by 95.9% in the second quarter. Invesco Ltd. now owns 98,191 shares of the financial services provider’s stock valued at $6,160,000 after acquiring an additional 48,064 shares during the period. Finally, Public Sector Pension Investment Board grew its stake in Tompkins Financial by 15.7% during the third quarter. Public Sector Pension Investment Board now owns 49,494 shares of the financial services provider’s stock valued at $3,277,000 after acquiring an additional 6,711 shares in the last quarter. Institutional investors own 69.11% of the company’s stock.

Tompkins Financial Stock Down 0.5%

TMP stock opened at $73.93 on Monday. The company’s 50 day moving average is $78.44 and its 200 day moving average is $72.38. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 6.59 and a beta of 0.78. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.60. Tompkins Financial Corporation has a 1-year low of $54.16 and a 1-year high of $86.95.

Tompkins Financial (NYSEAMERICAN:TMP) last released its quarterly earnings results on Friday, January 30th. The financial services provider reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. The business had revenue of $257.30 million during the quarter, compared to analysts’ expectations of $136.16 million. Tompkins Financial had a net margin of 27.82% and a return on equity of 11.19%. Sell-side analysts predict that Tompkins Financial Corporation will post 5.46 EPS for the current fiscal year.

Tompkins Financial Increases Dividend

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

Wall Street Analyst Weigh In

TMP has been the topic of several recent analyst reports. Piper Sandler initiated coverage on shares of Tompkins Financial in a research note on Wednesday, December 3rd. They issued a “neutral” rating and a $74.00 target price on the stock. Zacks Research upgraded shares of Tompkins Financial to a “hold” rating in a research report on Thursday, December 4th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $74.00.

About Tompkins Financial

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.