Tompkins Financial Corp Lowers Stock Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Tompkins Financial Corp reduced its stake in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,162,614 shares of the financial services provider’s stock after selling 11,582 shares during the period. Tompkins Financial makes up approximately 10.1% of Tompkins Financial Corp’s investment portfolio, making the stock its biggest position. Tompkins Financial Corp owned about 0.08% of Tompkins Financial worth $64,758,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TMP. Boston Trust Walden Corp lifted its position in shares of Tompkins Financial by 3.0% during the 1st quarter. Boston Trust Walden Corp now owns 204,257 shares of the financial services provider’s stock valued at $13,524,000 after acquiring an additional 5,905 shares during the period. ProShare Advisors LLC raised its stake in Tompkins Financial by 14.1% in the first quarter. ProShare Advisors LLC now owns 127,301 shares of the financial services provider’s stock valued at $8,429,000 after purchasing an additional 15,724 shares in the last quarter. Coombe Bender & Co LLC lifted its position in Tompkins Financial by 3.5% during the first quarter. Coombe Bender & Co LLC now owns 33,337 shares of the financial services provider’s stock worth $2,207,000 after purchasing an additional 1,139 shares during the period. Victory Capital Management Inc. grew its stake in Tompkins Financial by 10.2% during the fourth quarter. Victory Capital Management Inc. now owns 8,509 shares of the financial services provider’s stock worth $641,000 after buying an additional 789 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Tompkins Financial during the first quarter worth about $451,000. Institutional investors and hedge funds own 63.75% of the company’s stock.

Wall Street Analyst Weigh In

TMP has been the topic of several analyst reports. StockNews.com started coverage on shares of Tompkins Financial in a research report on Wednesday, August 23rd. They set a “sell” rating on the stock. Keefe, Bruyette & Woods cut their price objective on Tompkins Financial from $56.00 to $55.00 and set a “market perform” rating on the stock in a report on Tuesday, July 25th.

Tompkins Financial Trading Up 0.2 %

NYSEAMERICAN:TMP traded up $0.08 on Tuesday, reaching $49.13. 2,038 shares of the stock traded hands, compared to its average volume of 46,376. The stock has a market capitalization of $705.51 million, a price-to-earnings ratio of 10.47 and a beta of 0.65. Tompkins Financial Co. has a 1-year low of $48.68 and a 1-year high of $85.00. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a 50 day moving average of $69.42.

Tompkins Financial (NYSEAMERICAN:TMP) last released its earnings results on Friday, July 21st. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.43). Tompkins Financial had a net margin of 19.96% and a return on equity of 11.10%. The firm had revenue of $64.51 million during the quarter, compared to analyst estimates of $69.54 million. On average, equities research analysts forecast that Tompkins Financial Co. will post 4.08 EPS for the current fiscal year.

Tompkins Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, August 12th. Shareholders of record on Tuesday, August 1st were issued a $0.60 dividend. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.52. This represents a $2.40 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend was Monday, July 31st. Tompkins Financial’s payout ratio is presently 50.21%.

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 and savings accounts, time deposits, and IRA products, as well as brokered, reciprocal, and municipal money market deposits.