Creative Planning Buys 1,271 Shares of Tompkins Financial Corporation $TMP

Creative Planning lifted its stake in Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 10.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,143 shares of the financial services provider’s stock after buying an additional 1,271 shares during the period. Creative Planning owned approximately 0.09% of Tompkins Financial worth $824,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TMP. SG Americas Securities LLC increased its stake in Tompkins Financial by 14.5% in the 2nd quarter. SG Americas Securities LLC now owns 11,772 shares of the financial services provider’s stock worth $738,000 after purchasing an additional 1,489 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Tompkins Financial in the second quarter worth approximately $202,000. Geode Capital Management LLC increased its stake in shares of Tompkins Financial by 3.8% in the second quarter. Geode Capital Management LLC now owns 310,539 shares of the financial services provider’s stock worth $19,481,000 after buying an additional 11,455 shares during the period. Allworth Financial LP raised its holdings in Tompkins Financial by 3,207.7% during the 2nd quarter. Allworth Financial LP now owns 2,580 shares of the financial services provider’s stock valued at $162,000 after buying an additional 2,502 shares during the last quarter. Finally, Atria Investments Inc boosted its position in Tompkins Financial by 22.7% during the 2nd quarter. Atria Investments Inc now owns 7,360 shares of the financial services provider’s stock valued at $462,000 after buying an additional 1,360 shares during the period. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

Tompkins Financial Price Performance

Shares of Tompkins Financial stock opened at $69.69 on Tuesday. The company’s fifty day simple moving average is $66.30 and its two-hundred day simple moving average is $65.59. Tompkins Financial Corporation has a 12-month low of $54.16 and a 12-month high of $78.50. The firm has a market cap of $1.01 billion, a PE ratio of 11.83 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 (NYSEAMERICAN:TMP) last posted its earnings results on Friday, October 24th. The financial services provider reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates 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. As a group, equities analysts expect that Tompkins Financial Corporation will post 5.46 EPS for the current year.

Tompkins Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 3.7%. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Friday, November 7th. Tompkins Financial’s payout ratio is presently 50.10%.

Insider Activity at Tompkins Financial

In other Tompkins Financial news, Director Ita M. Rahilly purchased 1,463 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was bought at an average price of $68.36 per share, with a total value of $100,010.68. Following the completion of the purchase, the director directly owned 10,511 shares of the company’s stock, valued at $718,531.96. The trade was a 16.17% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 2.94% of the stock is currently owned by corporate insiders.

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.