Swiss National Bank Has $2.44 Million Holdings in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Swiss National Bank raised its stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP – Get Rating) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,500 shares of the financial services provider’s stock after buying an additional 400 shares during the quarter. Swiss National Bank owned about 0.22% of Tompkins Financial worth $2,444,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. increased its holdings in shares of Tompkins Financial by 16.5% in the third quarter. Victory Capital Management Inc. now owns 7,720 shares of the financial services provider’s stock worth $561,000 after acquiring an additional 1,091 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in 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 buying an additional 302 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in 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 buying an additional 1,266 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in shares of Tompkins Financial in the third quarter valued at approximately $134,000. Finally, Yousif Capital Management LLC boosted its holdings 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 buying an additional 525 shares during the period. 63.57% of the stock is currently owned by institutional investors and hedge funds.

Tompkins Financial Stock Performance

NYSEAMERICAN:TMP opened at $54.78 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average of $69.42. The firm has a market capitalization of $795.41 million, a P/E ratio of 9.71 and a beta of 0.61. Tompkins Financial Co. has a 52-week low of $48.68 and a 52-week high of $85.00.

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

Tompkins Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 16th. Shareholders of record on Tuesday, May 9th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, May 8th. This represents a $2.40 dividend on an annualized basis and a yield of 4.38%. Tompkins Financial’s dividend payout ratio (DPR) is 42.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TMP shares. StockNews.com began coverage on shares of Tompkins Financial in a research note on Thursday, May 18th. They set a “sell” rating for the company. TheStreet cut shares of Tompkins Financial from a “b-” rating to a “c+” rating in a report on Tuesday, May 2nd.

Insider Buying and Selling at Tompkins Financial

In related news, Director Ita M. Rahilly purchased 1,327 shares of the stock in a transaction on Tuesday, February 28th. The shares were purchased at an average cost of $75.38 per share, with a total value 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 legal filing with the SEC, which is available at the SEC website. Corporate insiders own 4.31% of the company’s stock.

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.