32,521 Tompkins Financial Corporation $TMP Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC increased its stake in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 43.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 107,578 shares of the financial services provider’s stock after acquiring an additional 32,521 shares during the quarter. ProShare Advisors LLC’s holdings in Tompkins Financial were worth $10,354,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of TMP. Bank of America Corp DE bought a new stake in shares of Tompkins Financial during the second quarter worth approximately $5,636,000. Hsbc Holdings PLC acquired a new position in shares of Tompkins Financial in the second quarter valued at approximately $1,215,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Tompkins Financial in the second quarter valued at approximately $1,428,000. Legal & General Group Plc bought a new position in shares of Tompkins Financial during the second quarter worth approximately $2,618,000. Finally, Deutsche Bank AG bought a new position in shares of Tompkins Financial during the second quarter worth approximately $1,464,000. Institutional investors and hedge funds own 69.11% of the company’s stock.

Tompkins Financial Price Performance

NYSEAMERICAN:TMP opened at $99.73 on Wednesday. Tompkins Financial Corporation has a 52 week low of $64.16 and a 52 week high of $104.18. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 13.28 and a beta of 0.77. The firm’s 50-day simple moving average is $98.31 and its 200 day simple moving average is $89.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.95 and a current ratio of 0.94.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its quarterly earnings data on Friday, October 23rd. The financial services provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.05. The business had revenue of $89.85 million during the quarter, compared to analysts’ expectations of $89.65 million. Tompkins Financial had a net margin of 30.94% and a return on equity of 11.59%. As a group, sell-side analysts predict that Tompkins Financial Corporation will post 7.75 earnings per share for the current year.

Tompkins Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, November 6th will be issued a dividend of $0.74 per share. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.70. This represents a $2.96 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, November 6th. Tompkins Financial’s payout ratio is 56.57%.

Wall Street Analysts Forecast Growth

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

Tompkins Financial Company Profile

Tompkins Financial Corporation is a financial services holding company headquartered in Ithaca, New York. Through its subsidiaries, the company provides banking, insurance and wealth-management services to individuals, families, businesses and municipal organizations.

Its banking operations are conducted primarily through Tompkins Community Bank, which offers deposit accounts, residential and commercial lending, mortgages, cash-management services, online banking and other financial products.