Commonwealth Equity Services LLC Buys 413 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP)

Commonwealth Equity Services LLC grew its holdings in Tompkins Financial Co. (NYSEAMERICAN:TMP – Get Rating) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,378 shares of the financial services provider’s stock after purchasing an additional 413 shares during the period. Commonwealth Equity Services LLC owned about 0.06% of Tompkins Financial worth $649,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. lifted its position in Tompkins Financial by 16.5% during the third quarter. Victory Capital Management Inc. now owns 7,720 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 1,091 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Tompkins Financial by 7.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 4,189 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 302 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Tompkins Financial by 10.4% in the third quarter. Great West Life Assurance Co. Can now owns 13,401 shares of the financial services provider’s stock valued at $971,000 after acquiring an additional 1,266 shares in the last quarter. Picton Mahoney Asset Management purchased a new position in shares of Tompkins Financial in the third quarter valued at about $134,000. Finally, Yousif Capital Management LLC lifted its position in shares of Tompkins Financial by 5.4% in the third quarter. Yousif Capital Management LLC now owns 10,200 shares of the financial services provider’s stock valued at $741,000 after acquiring an additional 525 shares in the last quarter. Institutional investors own 63.57% of the company’s stock.

Tompkins Financial Stock Performance

TMP opened at $53.86 on Friday. The company has a market capitalization of $782.05 million, a PE ratio of 9.55 and a beta of 0.61. The company’s 50 day simple moving average is $69.42. Tompkins Financial Co. has a one year low of $48.68 and a one year high of $85.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.83 and a current ratio of 0.83.

Tompkins Financial (NYSEAMERICAN:TMP – Get Rating) last released its earnings results on Friday, April 28th. The financial services provider reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. The firm had revenue of $74.65 million for the quarter, compared to analysts’ expectations of $76.03 million. Tompkins Financial had a return on equity of 13.17% and a net margin of 23.88%. As a group, analysts predict that Tompkins Financial Co. will post 4.75 earnings per share for the current fiscal year.

Tompkins Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 16th. Shareholders of record on Tuesday, May 9th were issued a dividend of $0.60 per share. The ex-dividend date was Monday, May 8th. This represents a $2.40 dividend on an annualized basis and a yield of 4.46%. Tompkins Financial’s dividend payout ratio is currently 42.55%.

Insiders Place Their Bets

In other Tompkins Financial news, Director Ita M. Rahilly purchased 1,327 shares of Tompkins Financial stock in a transaction dated Tuesday, February 28th. The shares were acquired at an average cost of $75.38 per share, with a total value of $100,029.26. Following the completion of the transaction, the director now owns 6,196 shares in the company, valued at approximately $467,054.48. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.31% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on TMP. StockNews.com began coverage on Tompkins Financial in a research report on Thursday, May 18th. They issued a “sell” rating on the stock. TheStreet cut Tompkins Financial from a “b-” rating to a “c+” rating in a report on Tuesday, May 2nd.

About Tompkins Financial

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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.