Bailard Inc. Decreases Stock Holdings in Tompkins Financial Corporation $TMP

Bailard Inc. reduced its holdings in Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 25.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,900 shares of the financial services provider’s stock after selling 2,668 shares during the period. Bailard Inc. owned approximately 0.05% of Tompkins Financial worth $496,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. CWM LLC lifted its holdings in shares of Tompkins Financial by 66.3% in the 1st quarter. CWM LLC now owns 1,848 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 737 shares during the last quarter. Allworth Financial LP raised its position in Tompkins Financial by 3,207.7% during the second quarter. Allworth Financial LP now owns 2,580 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 2,502 shares during the period. Atria Investments Inc raised its position in Tompkins Financial by 22.7% during the second quarter. Atria Investments Inc now owns 7,360 shares of the financial services provider’s stock valued at $462,000 after purchasing an additional 1,360 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Tompkins Financial by 7.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,455 shares of the financial services provider’s stock valued at $467,000 after purchasing an additional 496 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Tompkins Financial by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,556 shares of the financial services provider’s stock worth $476,000 after purchasing an additional 311 shares during the period. 69.11% of the stock is currently owned by institutional investors.

Tompkins Financial Stock Performance

NYSEAMERICAN TMP opened at $67.21 on Friday. The business’s 50 day moving average price is $66.62 and its 200-day moving average price is $65.12. Tompkins Financial Corporation has a fifty-two week low of $54.16 and a fifty-two week high of $79.01. The company has a market cap of $969.84 million, a P/E ratio of 11.41 and a beta of 0.88. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.95 and a current ratio of 0.92.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its quarterly earnings data on Friday, October 24th. The financial services provider reported $1.65 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.05). Tompkins Financial had a return on equity of 11.24% and a net margin of 18.24%.The firm had revenue of $87.44 million for the quarter, compared to analysts’ expectations of $87.00 million. Sell-side analysts predict that Tompkins Financial Corporation will post 5.46 earnings per share for the current year.

Tompkins Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, November 7th. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.62. Tompkins Financial’s payout ratio is currently 50.10%.

About Tompkins Financial

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.