Louisiana State Employees Retirement System Purchases Shares of 5,600 Tompkins Financial Corporation $TMP

Louisiana State Employees Retirement System acquired a new position in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,600 shares of the financial services provider’s stock, valued at approximately $442,000.

Several other institutional investors have also modified their holdings of TMP. Millennium Management LLC boosted its holdings in shares of Tompkins Financial by 1.1% in the 4th quarter. Millennium Management LLC now owns 16,863 shares of the financial services provider’s stock valued at $1,223,000 after buying an additional 183 shares in the last quarter. WINTON GROUP Ltd grew its position in shares of Tompkins Financial by 1.1% in the 4th quarter. WINTON GROUP Ltd now owns 19,263 shares of the financial services provider’s stock valued at $1,397,000 after buying an additional 206 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 worth $476,000 after acquiring an additional 311 shares in the last quarter. Cardinal Capital Management raised its stake in Tompkins Financial by 1.4% during the 4th quarter. Cardinal Capital Management now owns 23,419 shares of the financial services provider’s stock worth $1,698,000 after acquiring an additional 328 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Tompkins Financial by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 4,982 shares of the financial services provider’s stock valued at $313,000 after acquiring an additional 378 shares during the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Insiders Place Their Bets

In other Tompkins Financial news, Director Ita M. Rahilly acquired 1,164 shares of the stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $85.90 per share, with a total value of $99,987.60. Following the transaction, the director owned 11,849 shares of the company’s stock, valued at approximately $1,017,829.10. This trade represents a 10.89% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.52% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Piper Sandler restated a “neutral” rating and issued a $87.00 price objective (up from $82.00) on shares of Tompkins Financial in a research note on Tuesday, April 28th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $87.00.

Tompkins Financial Trading Down 2.6%

TMP opened at $91.09 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 52 week low of $61.21 and a 52 week high of $97.12. The business’s 50 day moving average is $88.22 and its two-hundred day moving average is $81.92. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 7.81 and a beta of 0.74.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its quarterly earnings data on Friday, April 24th. The financial services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.11. The business had revenue of $83.69 million during the quarter, compared to the consensus estimate of $83.64 million. Tompkins Financial had a return on equity of 11.27% and a net margin of 28.93%. On average, research analysts predict that Tompkins Financial Corporation will post 7.55 EPS for the current year.

Tompkins Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were paid a dividend of $0.67 per share. The ex-dividend date was Friday, May 8th. This represents a $2.68 dividend on an annualized basis and a yield of 2.9%. Tompkins Financial’s dividend payout ratio is currently 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.