Bank of New York Mellon Corp cut its position in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP – Free Report) by 0.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 144,771 shares of the financial services provider’s stock after selling 239 shares during the quarter. Bank of New York Mellon Corp owned 1.00% of Tompkins Financial worth $8,064,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Lazard Asset Management LLC bought a new stake in shares of Tompkins Financial during the 4th quarter worth $28,000. Captrust Financial Advisors boosted its stake in shares of Tompkins Financial by 192.3% during the 1st quarter. Captrust Financial Advisors now owns 532 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 350 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Tompkins Financial during the 2nd quarter worth $76,000. PNC Financial Services Group Inc. boosted its stake in shares of Tompkins Financial by 11.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,559 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 166 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Tompkins Financial by 86.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,673 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 774 shares in the last quarter. 63.75% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have recently commented on TMP. StockNews.com began coverage on Tompkins Financial in a research report on Thursday, October 5th. They issued a “sell” rating for the company. Keefe, Bruyette & Woods decreased their target price on Tompkins Financial from $56.00 to $55.00 and set a “market perform” rating for the company in a research report on Tuesday, July 25th. Finally, Piper Sandler raised their target price on Tompkins Financial from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, October 2nd.
Tompkins Financial Stock Down 0.4 %
Shares of Tompkins Financial stock opened at $55.04 on Friday. The firm has a market capitalization of $789.82 million, a PE ratio of 57.94 and a beta of 0.62. The stock has a fifty day simple moving average of $69.42. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48. Tompkins Financial Co. has a 12 month low of $46.85 and a 12 month high of $85.00.
Tompkins Financial (NYSEAMERICAN:TMP – Get Free Report) last released its quarterly earnings data on Friday, October 27th. The financial services provider reported ($2.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.21) by ($0.14). The firm had revenue of $9.39 million for the quarter, compared to analyst estimates of $72.18 million. Tompkins Financial had a net margin of 4.78% and a return on equity of 2.23%. Analysts expect that Tompkins Financial Co. will post 0.87 EPS for the current fiscal year.
Tompkins Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, November 7th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $2.40 dividend on an annualized basis and a yield of 4.36%. Tompkins Financial’s payout ratio is 252.63%.
Tompkins Financial Company 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.
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