Tompkins Financial Corporation $TMP Holdings Lifted by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 34.0% during the 1st quarter, Holdings Channel reports. The fund owned 36,417 shares of the financial services provider’s stock after acquiring an additional 9,249 shares during the quarter. SG Americas Securities LLC’s holdings in Tompkins Financial were worth $2,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Millennium Management LLC increased its holdings in shares of Tompkins Financial by 1.1% during the fourth quarter. Millennium Management LLC now owns 16,863 shares of the financial services provider’s stock valued at $1,223,000 after purchasing an additional 183 shares during the period. WINTON GROUP Ltd grew its position in Tompkins Financial by 1.1% in the 4th quarter. WINTON GROUP Ltd now owns 19,263 shares of the financial services provider’s stock valued at $1,397,000 after buying an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Tompkins Financial by 95.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 551 shares of the financial services provider’s stock valued at $36,000 after buying an additional 269 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Tompkins Financial by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,556 shares of the financial services provider’s stock valued at $476,000 after buying an additional 311 shares during the period. Finally, Cardinal Capital Management raised its position in shares of Tompkins Financial by 1.4% during the 4th quarter. Cardinal Capital Management now owns 23,419 shares of the financial services provider’s stock worth $1,698,000 after buying an additional 328 shares in the last quarter. Institutional investors own 69.11% of the company’s stock.

Insider Activity at Tompkins Financial

In related news, Director Ita M. Rahilly acquired 1,164 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of $85.90 per share, for a total transaction of $99,987.60. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.52% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler reiterated a “neutral” rating and set a $87.00 price objective (up from $82.00) on shares of Tompkins Financial in a research note on Tuesday, April 28th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Tompkins Financial presently has a consensus rating of “Hold” and a consensus price target of $87.00.

Tompkins Financial Stock Performance

Shares of TMP opened at $94.52 on Wednesday. The firm’s 50 day moving average is $87.00 and its 200-day moving average is $81.15. The stock has a market capitalization of $1.36 billion, a P/E ratio of 8.10 and a beta of 0.75. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. Tompkins Financial Corporation has a 12-month low of $61.21 and a 12-month high of $94.86.

Tompkins Financial (NYSEAMERICAN:TMP) last released its earnings results on Friday, April 24th. The financial services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.71 by $0.11. The business had revenue of $83.69 million during the quarter, compared to analyst estimates of $83.64 million. Tompkins Financial had a net margin of 28.93% and a return on equity of 11.27%. Equities research analysts anticipate that Tompkins Financial Corporation will post 7.55 EPS for the current fiscal year.

Tompkins Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were issued a $0.67 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.68 annualized dividend and a dividend yield of 2.8%. Tompkins Financial’s dividend payout ratio is currently 54.14%.

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.