Arizona State Retirement System Makes New $206,000 Investment in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Arizona State Retirement System bought a new position in Tompkins Financial Co. (NYSEAMERICAN:TMP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,414 shares of the financial services provider’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC purchased a new position in shares of Tompkins Financial during the 4th quarter valued at about $28,000. Massmutual Trust Co. FSB ADV purchased a new position in shares of Tompkins Financial during the 4th quarter valued at about $27,000. Captrust Financial Advisors lifted its position 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 valued at $42,000 after buying an additional 350 shares in the last quarter. CNB Bank purchased a new position in shares of Tompkins Financial during the 3rd quarter valued at about $28,000. Finally, Quantbot Technologies LP purchased a new position in shares of Tompkins Financial during the 2nd quarter valued at about $76,000. 69.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Tompkins Financial

In other news, Director Ita M. Rahilly acquired 1,982 shares of Tompkins Financial stock in a transaction on Tuesday, February 20th. The shares were acquired at an average price of $50.46 per share, with a total value of $100,011.72. Following the purchase, the director now directly owns 8,454 shares in the company, valued at approximately $426,588.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.50% of the stock is owned by corporate insiders.

Tompkins Financial Price Performance

Shares of TMP opened at $45.72 on Monday. The company has a market cap of $658.83 million, a P/E ratio of 71.44 and a beta of 0.65. Tompkins Financial Co. has a 12-month low of $43.09 and a 12-month high of $65.54. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.90 and a current ratio of 0.90.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its earnings results on Friday, January 26th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.22). The business had revenue of $71.21 million for the quarter, compared to the consensus estimate of $74.58 million. Tompkins Financial had a net margin of 3.09% and a return on equity of 1.48%. As a group, sell-side analysts anticipate that Tompkins Financial Co. will post 4.94 earnings per share for the current fiscal year.

Tompkins Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 9th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 5.25%. The ex-dividend date of this dividend was Thursday, February 8th. Tompkins Financial’s dividend payout ratio (DPR) is presently 375.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Tompkins Financial to a “sell” rating in a research report on Friday, January 12th.

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 through 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.