Connor Clark & Lunn Investment Management Ltd. Has $786,000 Holdings in Tompkins Financial Corporation $TMP

Connor Clark & Lunn Investment Management Ltd. decreased its stake in Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 8.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 12,536 shares of the financial services provider’s stock after selling 1,110 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Tompkins Financial were worth $786,000 at the end of the most recent reporting period.

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

Tompkins Financial Price Performance

Shares of Tompkins Financial stock opened at $65.10 on Wednesday. Tompkins Financial Corporation has a 1-year low of $54.16 and a 1-year high of $79.01. The firm’s 50-day moving average price is $66.43 and its two-hundred day moving average price is $65.25. The company has a current ratio of 0.92, a quick ratio of 0.95 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $939.39 million, a price-to-earnings ratio of 11.05 and a beta of 0.88.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its earnings results 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 business had revenue of $87.44 million during the quarter, compared to analyst estimates of $87.00 million. On average, equities analysts predict that Tompkins Financial Corporation will post 5.46 earnings per share for the current fiscal 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 issued a dividend of $0.65 per share. 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 dividend 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.