Tompkins Financial Corporation $TMP Shares Sold by Susquehanna International Group LLP

Susquehanna International Group LLP lessened its stake in Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 71.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,138 shares of the financial services provider’s stock after selling 7,802 shares during the period. Susquehanna International Group LLP’s holdings in Tompkins Financial were worth $297,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Chicago Partners Investment Group LLC raised its position in shares of Tompkins Financial by 1.2% during the 1st quarter. Chicago Partners Investment Group LLC now owns 11,697 shares of the financial services provider’s stock worth $978,000 after buying an additional 133 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Tompkins Financial by 1.1% in the fourth quarter. Millennium Management LLC now owns 16,863 shares of the financial services provider’s stock valued at $1,223,000 after acquiring an additional 183 shares in the last quarter. WINTON GROUP Ltd increased its stake in shares of Tompkins Financial by 1.1% during the fourth quarter. WINTON GROUP Ltd now owns 19,263 shares of the financial services provider’s stock valued at $1,397,000 after acquiring an additional 206 shares during the period. Illinois Municipal Retirement Fund raised its holdings in Tompkins Financial by 4.3% during the first quarter. Illinois Municipal Retirement Fund now owns 6,750 shares of the financial services provider’s stock worth $532,000 after purchasing an additional 279 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Tompkins Financial during the second quarter worth approximately $27,000. Institutional investors and hedge funds own 69.11% of the company’s stock.

Tompkins Financial Stock Down 1.6%

Shares of NYSEAMERICAN:TMP opened at $95.55 on Wednesday. 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 $1.37 billion, a PE ratio of 7.83 and a beta of 0.73. Tompkins Financial Corporation has a 52 week low of $61.88 and a 52 week high of $102.58. The firm has a 50 day simple moving average of $96.60 and a 200 day simple moving average of $87.57.

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

Tompkins Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 7th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, August 7th. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.67. Tompkins Financial’s dividend payout ratio is 56.57%.

Wall Street Analyst Weigh In

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

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.