Credit Suisse AG Acquires 1,322 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP)

Credit Suisse AG boosted its stake in Tompkins Financial Co. (NYSEAMERICAN:TMP – Get Rating) by 7.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,330 shares of the financial services provider’s stock after buying an additional 1,322 shares during the period. Credit Suisse AG’s holdings in Tompkins Financial were worth $1,476,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in Tompkins Financial by 3,836.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 433 shares of the financial services provider’s stock worth $31,000 after buying an additional 422 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Tompkins Financial by 681.0% during the third quarter. Quadrant Capital Group LLC now owns 453 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 395 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Tompkins Financial by 192.3% during the first quarter. Captrust Financial Advisors now owns 532 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 350 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Tompkins Financial during the second quarter valued at approximately $76,000. Finally, SG Americas Securities LLC purchased a new position in shares of Tompkins Financial during the second quarter valued at approximately $102,000. 63.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Ita M. Rahilly acquired 1,327 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The stock was bought at an average cost of $75.38 per share, for a total transaction of $100,029.26. Following the acquisition, the director now directly owns 6,196 shares in the company, valued at $467,054.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.27% of the stock is owned by company insiders.

Tompkins Financial Stock Performance

TMP stock opened at $72.82 on Wednesday. The firm’s 50 day simple moving average is $74.73. Tompkins Financial Co. has a 52-week low of $68.50 and a 52-week high of $85.00. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 12.43 and a beta of 0.66. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.18.

Tompkins Financial (NYSEAMERICAN:TMP – Get Rating) last released its earnings results on Friday, January 27th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.06). Tompkins Financial had a net margin of 26.28% and a return on equity of 13.15%. The business had revenue of $75.65 million for the quarter, compared to analysts’ expectations of $77.49 million. As a group, sell-side analysts forecast that Tompkins Financial Co. will post 6.46 earnings per share for the current fiscal year.

Tompkins Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Tuesday, February 7th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, February 6th. This represents a $2.40 annualized dividend and a dividend yield of 3.30%. Tompkins Financial’s payout ratio is 40.96%.

Tompkins Financial Profile

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Tompkins Financial Corp. engages in the provision of financial services. It operates through the following segments: Banking, Insurance, and Wealth Management. The Banking segment consists of its banking subsidiaries, including Tompkins Trust Co, The Bank of Castile, Mahopac Bank, and VIST Bank. The Insurance segment offers property and casualty insurance services, and employee benefits consulting.