Tompkins Financial Corporation $TMP Stock Holdings Lifted by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 1.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,385,961 shares of the financial services provider’s stock after purchasing an additional 15,227 shares during the period. Vanguard Group Inc. owned about 0.10% of Tompkins Financial worth $100,510,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TMP. Invesco Ltd. lifted its position in shares of Tompkins Financial by 95.9% in the 2nd quarter. Invesco Ltd. now owns 98,191 shares of the financial services provider’s stock worth $6,160,000 after buying an additional 48,064 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Tompkins Financial by 207.4% in the 1st quarter. AQR Capital Management LLC now owns 35,941 shares of the financial services provider’s stock worth $2,264,000 after buying an additional 24,249 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Tompkins Financial by 290.9% in the 1st quarter. Jane Street Group LLC now owns 24,706 shares of the financial services provider’s stock worth $1,556,000 after buying an additional 18,385 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Tompkins Financial by 156.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 23,628 shares of the financial services provider’s stock worth $1,483,000 after buying an additional 14,403 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Tompkins Financial by 104.5% in the 4th quarter. SG Americas Securities LLC now owns 27,168 shares of the financial services provider’s stock worth $1,970,000 after buying an additional 13,884 shares during the last quarter. 69.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler reaffirmed a “neutral” rating and issued a $87.00 price objective (up from $82.00) on shares of Tompkins Financial in a report on Tuesday, April 28th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $87.00.

Tompkins Financial Stock Down 1.1%

TMP stock opened at $82.77 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47. Tompkins Financial Corporation has a fifty-two week low of $59.67 and a fifty-two week high of $86.95. The firm’s 50-day simple moving average is $80.36 and its 200 day simple moving average is $76.28. The stock has a market cap of $1.19 billion, a PE ratio of 7.09 and a beta of 0.76.

Tompkins Financial (NYSEAMERICAN:TMP) last released its quarterly earnings data on Friday, April 24th. The financial services provider reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.11. Tompkins Financial had a net margin of 28.93% and a return on equity of 11.27%. The business had revenue of $71.86 million for the quarter, compared to analysts’ expectations of $83.64 million. As a group, sell-side analysts predict that Tompkins Financial Corporation will post 7.55 EPS for the current year.

Tompkins Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 8th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, May 8th. Tompkins Financial’s dividend payout ratio (DPR) is 54.14%.

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.