State of New Jersey Common Pension Fund D grew its position in Tompkins Financial Co. (NYSEAMERICAN:TMP – Get Rating) by 10.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,669 shares of the financial services provider’s stock after purchasing an additional 2,910 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.22% of Tompkins Financial worth $2,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of the company. Cardinal Capital Management lifted its holdings in shares of Tompkins Financial by 9.5% in the first quarter. Cardinal Capital Management now owns 10,387 shares of the financial services provider’s stock worth $813,000 after buying an additional 903 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in shares of Tompkins Financial by 2.4% in the first quarter. Boston Trust Walden Corp now owns 191,617 shares of the financial services provider’s stock worth $14,998,000 after buying an additional 4,537 shares in the last quarter. Rise Advisors LLC purchased a new position in shares of Tompkins Financial in the fourth quarter worth $1,328,000. Rockbridge Investment Management LCC lifted its holdings in shares of Tompkins Financial by 0.5% in the fourth quarter. Rockbridge Investment Management LCC now owns 36,572 shares of the financial services provider’s stock worth $3,057,000 after buying an additional 200 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Tompkins Financial by 45.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 25,132 shares of the financial services provider’s stock worth $2,100,000 after buying an additional 7,825 shares in the last quarter. 59.23% of the stock is currently owned by institutional investors.
Insider Activity at Tompkins Financial
In other Tompkins Financial news, Director Ita M. Rahilly purchased 1,355 shares of the firm’s stock in a transaction that occurred on Wednesday, May 25th. The shares were bought at an average price of $73.81 per share, with a total value of $100,012.55. Following the completion of the purchase, the director now directly owns 4,763 shares in the company, valued at $351,557.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.35% of the stock is owned by insiders.
Tompkins Financial Price Performance
Tompkins Financial (NYSEAMERICAN:TMP – Get Rating) last released its quarterly earnings results on Friday, April 29th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.16. The company had revenue of $76.60 million for the quarter, compared to the consensus estimate of $76.24 million. Tompkins Financial had a net margin of 27.88% and a return on equity of 12.78%. As a group, analysts anticipate that Tompkins Financial Co. will post 5.53 earnings per share for the current fiscal year.
Tompkins Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Tuesday, August 2nd will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Monday, August 1st. Tompkins Financial’s payout ratio is 37.75%.
Tompkins Financial Profile
Tompkins Financial Corporation, a financial holding company, provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance services. The company operates in three segments: Banking, Insurance, and Wealth Management. It accepts various deposit products, including checking accounts, savings accounts, time deposits, and IRA products, as well as brokered, reciprocal, and municipal money market deposits.
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