Quadrature Capital Ltd Invests $279,000 in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Quadrature Capital Ltd bought a new position in Tompkins Financial Co. (NYSEAMERICAN:TMP – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,848 shares of the financial services provider’s stock, valued at approximately $279,000.

Several other institutional investors and hedge funds have also modified their holdings of TMP. BlackRock Inc. boosted its holdings in shares of Tompkins Financial by 2.5% in the 3rd quarter. BlackRock Inc. now owns 2,080,018 shares of the financial services provider’s stock worth $151,049,000 after acquiring an additional 51,632 shares in the last quarter. Cadence Wealth Management LLC bought a new position in Tompkins Financial in the 2nd quarter worth approximately $3,424,000. State Street Corp raised its position in Tompkins Financial by 3.2% in the 1st quarter. State Street Corp now owns 1,322,536 shares of the financial services provider’s stock worth $103,515,000 after purchasing an additional 41,413 shares during the last quarter. Ergoteles LLC bought a new position in Tompkins Financial in the 1st quarter worth approximately $1,462,000. Finally, Goldman Sachs Group Inc. raised its position in Tompkins Financial by 96.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 32,950 shares of the financial services provider’s stock worth $2,376,000 after purchasing an additional 16,156 shares during the last quarter. 63.57% of the stock is owned by institutional investors and hedge funds.

Tompkins Financial Price Performance

TMP stock opened at $66.53 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average of $74.73. Tompkins Financial Co. has a fifty-two week low of $66.29 and a fifty-two week high of $85.00. The company has a market cap of $963.35 million, a PE ratio of 11.35 and a beta of 0.66.

Tompkins Financial (NYSEAMERICAN:TMP – Get Rating) last posted its quarterly earnings data on Friday, January 27th. The financial services provider reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.06). Tompkins Financial had a return on equity of 13.15% and a net margin of 26.28%. The company had revenue of $75.65 million during the quarter, compared to the consensus estimate of $77.49 million. As a group, equities analysts expect that Tompkins Financial Co. will post 6.46 earnings per share for the current fiscal year.

Tompkins Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Tuesday, February 7th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Monday, February 6th. Tompkins Financial’s payout ratio is 40.96%.

Insider Buying and Selling at Tompkins Financial

In other news, Director Ita M. Rahilly acquired 1,327 shares of the stock in a transaction that occurred on Tuesday, February 28th. The stock was acquired at an average price of $75.38 per share, for a total transaction of $100,029.26. Following the transaction, the director now directly owns 6,196 shares in the company, valued at $467,054.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.27% of the company’s stock.

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.