Jupiter Topco LLC Takes Position in Tompkins Financial Corporation $TMP

Jupiter Topco LLC bought a new position in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 6,309 shares of the financial services provider’s stock, valued at approximately $595,000.

A number of other institutional investors have also made changes to their positions in the business. Royal Bank of Canada boosted its position in shares of Tompkins Financial by 37.2% in the first quarter. Royal Bank of Canada now owns 14,025 shares of the financial services provider’s stock valued at $883,000 after acquiring an additional 3,801 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Tompkins Financial by 207.4% during the 1st quarter. AQR Capital Management LLC now owns 35,941 shares of the financial services provider’s stock worth $2,264,000 after acquiring an additional 24,249 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Tompkins Financial by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,556 shares of the financial services provider’s stock valued at $476,000 after acquiring an additional 311 shares in the last quarter. Jane Street Group LLC increased its stake in Tompkins Financial by 290.9% in the first quarter. Jane Street Group LLC now owns 24,706 shares of the financial services provider’s stock valued at $1,556,000 after acquiring an additional 18,385 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in Tompkins Financial in the second quarter worth about $345,000. 69.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Tompkins Financial Stock Performance

Shares of TMP opened at $99.57 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 8.15 and a beta of 0.73. The stock has a fifty day moving average price of $96.91 and a two-hundred day moving average price of $87.90. Tompkins Financial Corporation has a 52-week low of $61.88 and a 52-week high of $102.58.

Tompkins Financial (NYSEAMERICAN:TMP) last released its quarterly earnings results on Friday, July 24th. The financial services provider reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.22. The business had revenue of $87.12 million during the quarter, compared to analysts’ expectations of $86.93 million. Tompkins Financial had a return on equity of 11.52% and a net margin of 30.13%. Analysts predict that Tompkins Financial Corporation will post 7.75 EPS for the current fiscal year.

Tompkins Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 7th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, August 7th. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.67. Tompkins Financial’s dividend payout ratio is 56.57%.

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.