SG Americas Securities LLC Has $738,000 Position in Tompkins Financial Corporation $TMP

SG Americas Securities LLC boosted its holdings in Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 14.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,772 shares of the financial services provider’s stock after buying an additional 1,489 shares during the quarter. SG Americas Securities LLC owned approximately 0.08% of Tompkins Financial worth $738,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in TMP. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Tompkins Financial in the 2nd quarter valued at approximately $202,000. Geode Capital Management LLC grew 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 purchasing an additional 11,455 shares during the last quarter. Allworth Financial LP increased its holdings in Tompkins Financial by 3,207.7% in 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 2nd quarter. Atria Investments Inc now owns 7,360 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 1,360 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in Tompkins Financial by 25.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 15,466 shares of the financial services provider’s stock worth $970,000 after buying an additional 3,099 shares during the period. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Tompkins Financial news, Director Ita M. Rahilly purchased 1,463 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was purchased at an average cost of $68.36 per share, for a total transaction of $100,010.68. Following the acquisition, the director owned 10,511 shares in the company, valued at approximately $718,531.96. The trade was a 16.17% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.94% of the company’s stock.

Tompkins Financial Trading Down 0.3%

NYSEAMERICAN TMP opened at $67.99 on Tuesday. Tompkins Financial Corporation has a 12 month low of $54.16 and a 12 month high of $79.01. 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 firm has a market capitalization of $981.10 million, a PE ratio of 11.54 and a beta of 0.88. The business’s 50-day moving average price is $66.23 and its two-hundred day moving average price is $65.39.

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). 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%. On average, analysts expect that Tompkins Financial Corporation will post 5.46 EPS for the current year.

Tompkins Financial Increases Dividend

The company 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 positive change from Tompkins Financial’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 3.8%. Tompkins Financial’s dividend payout ratio (DPR) is presently 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.