Intech Investment Management LLC raised its position in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP – Free Report) by 270.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 24,656 shares of the financial services provider’s stock after acquiring an additional 17,992 shares during the quarter. Intech Investment Management LLC’s holdings in Tompkins Financial were worth $1,788,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in TMP. Geode Capital Management LLC grew its stake in shares of Tompkins Financial by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 316,607 shares of the financial services provider’s stock worth $22,962,000 after acquiring an additional 4,673 shares during the period. IFP Advisors Inc lifted its holdings in Tompkins Financial by 59,550.0% during the fourth quarter. IFP Advisors Inc now owns 1,193 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 1,191 shares during the last quarter. Bailard Inc. boosted its position in Tompkins Financial by 6.0% during the fourth quarter. Bailard Inc. now owns 12,300 shares of the financial services provider’s stock worth $892,000 after purchasing an additional 700 shares during the period. Horizon Investments LLC boosted its position in Tompkins Financial by 4.7% during the fourth quarter. Horizon Investments LLC now owns 8,479 shares of the financial services provider’s stock worth $615,000 after purchasing an additional 379 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Tompkins Financial by 3.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 33,131 shares of the financial services provider’s stock worth $2,403,000 after purchasing an additional 1,198 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, Piper Sandler reissued a “neutral” rating and issued a $87.00 price target (up from $82.00) on shares of Tompkins Financial in a research report on Tuesday, April 28th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Tompkins Financial presently has an average rating of “Hold” and an average price target of $87.00.
Tompkins Financial Stock Performance
NYSEAMERICAN:TMP opened at $86.72 on Friday. The business’s fifty day moving average is $83.56 and its 200 day moving average is $78.43. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 7.43 and a beta of 0.75. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94. Tompkins Financial Corporation has a 52-week low of $59.67 and a 52-week high of $87.90.
Tompkins Financial (NYSEAMERICAN:TMP – Get Free Report) last issued its earnings results on Friday, April 24th. The financial services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.71 by $0.11. The business had revenue of $83.70 million during the quarter, compared to the consensus estimate of $83.64 million. Tompkins Financial had a return on equity of 11.27% and a net margin of 28.93%. Research analysts predict that Tompkins Financial Corporation will post 7.55 EPS for the current year.
Tompkins Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, May 8th. Tompkins Financial’s dividend payout ratio (DPR) is 54.14%.
Insider Buying and Selling
In other news, Director Ita M. Rahilly bought 1,164 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of $85.90 per share, with a total value of $99,987.60. Following the acquisition, the director owned 11,849 shares of the company’s stock, valued at approximately $1,017,829.10. The trade was a 10.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.52% of the company’s stock.
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.
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