5,944 Shares in Tompkins Financial Corporation $TMP Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new position in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,944 shares of the financial services provider’s stock, valued at approximately $562,000.

Other large investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of Tompkins Financial during the second quarter valued at approximately $27,000. Bard Associates Inc. bought a new position in Tompkins Financial in the second quarter worth approximately $28,000. Trust Co. of Vermont purchased a new stake in Tompkins Financial during the second quarter worth $42,000. 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 worth $87,000 after buying an additional 1,191 shares during the period. Finally, Global Retirement Partners LLC bought a new stake in Tompkins Financial during the 2nd quarter valued at $96,000. 69.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Piper Sandler boosted their price target on Tompkins Financial from $87.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods raised their price objective on Tompkins Financial from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $104.50.

Tompkins Financial Stock Performance

TMP opened at $99.57 on Monday. The company has a market cap of $1.43 billion, a P/E ratio of 8.15 and a beta of 0.73. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.57. The firm’s 50-day moving average price is $96.91 and its 200-day moving average price is $87.90. Tompkins Financial Corporation has a 52-week low of $61.88 and a 52-week high of $102.58.

Tompkins Financial (NYSEAMERICAN:TMP) last released its earnings results on Friday, July 24th. The financial services provider reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.22. Tompkins Financial had a net margin of 30.13% and a return on equity of 11.52%. The company had revenue of $87.12 million for the quarter, compared to the consensus estimate of $86.93 million. As a group, equities analysts anticipate that Tompkins Financial Corporation will post 7.75 EPS for the current fiscal year.

Tompkins Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 7th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, August 7th. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a dividend yield of 2.8%. Tompkins Financial’s payout ratio is presently 56.57%.

Tompkins Financial Company 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.