JPMorgan Chase & Co. Sells 6,854 Shares of Tompkins Financial Corporation $TMP

JPMorgan Chase & Co. reduced its position in Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 10.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,557 shares of the financial services provider’s stock after selling 6,854 shares during the period. JPMorgan Chase & Co. owned 0.40% of Tompkins Financial worth $3,811,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in Tompkins Financial by 95.4% during the third quarter. EverSource Wealth Advisors LLC now owns 551 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 269 shares during the period. Quantbot Technologies LP purchased a new position in shares of Tompkins Financial in the 2nd quarter worth approximately $151,000. CWM LLC increased its position in shares of Tompkins Financial by 122.6% during the 3rd quarter. CWM LLC now owns 2,812 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 1,549 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Tompkins Financial during the 2nd quarter valued at approximately $204,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in Tompkins Financial during the 3rd quarter valued at $212,000. 69.11% of the stock is owned by institutional investors.

Tompkins Financial Stock Performance

Shares of TMP opened at $80.37 on Friday. The company’s fifty day simple moving average is $78.82 and its 200-day simple moving average is $72.91. The company has a market cap of $1.16 billion, a P/E ratio of 7.16 and a beta of 0.73. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.60. Tompkins Financial Corporation has a twelve month low of $54.16 and a twelve month high of $86.95.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its quarterly earnings results on Friday, January 30th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. The firm had revenue of $257.30 million during the quarter, compared to analyst estimates of $136.16 million. Tompkins Financial had a return on equity of 11.19% and a net margin of 27.82%. As a group, analysts expect that Tompkins Financial Corporation will post 5.46 EPS for the current year.

Tompkins Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, February 22nd. Stockholders of record on Friday, February 13th were issued a $0.67 dividend. The ex-dividend date was Friday, February 13th. This represents a $2.68 annualized dividend and a dividend yield of 3.3%. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.65. Tompkins Financial’s dividend payout ratio (DPR) is presently 54.14%.

Tompkins Financial Profile

Tompkins Financial (NYSEAMERICAN:TMP) is a bank holding company headquartered in Ithaca, New York, that provides a diversified range of financial services. Through its principal banking subsidiary, Tompkins Trust Company, the firm offers commercial and consumer banking products including checking and savings accounts, mortgage loans, and credit facilities. Beyond traditional banking, Tompkins Financial delivers asset management, trust and estate planning, retirement services and investment advisory solutions.

In addition to its core banking operations, Tompkins Financial operates Tompkins Insurance Agencies, which offers property and casualty, life and health insurance coverages to individuals and businesses.