Allworth Financial LP Has $162,000 Position in Tompkins Financial Corporation $TMP

Allworth Financial LP grew its position in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 3,207.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,580 shares of the financial services provider’s stock after purchasing an additional 2,502 shares during the quarter. Allworth Financial LP’s holdings in Tompkins Financial were worth $162,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TMP. Vanguard Group Inc. raised its holdings in Tompkins Financial by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 1,336,830 shares of the financial services provider’s stock valued at $84,194,000 after buying an additional 30,927 shares during the last quarter. American Century Companies Inc. increased its position in Tompkins Financial by 14.5% in the 1st quarter. American Century Companies Inc. now owns 141,631 shares of the financial services provider’s stock valued at $8,920,000 after acquiring an additional 17,977 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Tompkins Financial by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 137,528 shares of the financial services provider’s stock valued at $8,662,000 after acquiring an additional 1,915 shares during the last quarter. Cornell Pochily Investment Advisors Inc. lifted its holdings in shares of Tompkins Financial by 1.8% during the second quarter. Cornell Pochily Investment Advisors Inc. now owns 124,374 shares of the financial services provider’s stock worth $7,802,000 after purchasing an additional 2,238 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Tompkins Financial by 52.6% in the first quarter. Wellington Management Group LLP now owns 61,700 shares of the financial services provider’s stock worth $3,886,000 after purchasing an additional 21,258 shares during the last quarter. 69.11% of the stock is currently owned by institutional investors.

Tompkins Financial Stock Performance

NYSEAMERICAN TMP opened at $65.10 on Wednesday. The company has a market capitalization of $939.39 million, a price-to-earnings ratio of 11.05 and a beta of 0.88. The company has a quick ratio of 0.95, a current ratio of 0.92 and a debt-to-equity ratio of 0.56. Tompkins Financial Corporation has a twelve month low of $54.16 and a twelve month high of $79.01. The stock has a fifty day simple moving average of $66.43 and a 200 day simple moving average of $65.25.

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

Tompkins Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were issued a $0.65 dividend. The ex-dividend date was Friday, November 7th. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 4.0%. Tompkins Financial’s dividend payout ratio (DPR) is currently 50.10%.

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.