Ieq Capital LLC Buys Shares of 9,235 Tompkins Financial Corporation $TMP

Ieq Capital LLC bought a new stake in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 9,235 shares of the financial services provider’s stock, valued at approximately $873,000. Ieq Capital LLC owned about 0.06% of Tompkins Financial at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Trust Co. of Vermont acquired a new stake in Tompkins Financial in the second quarter valued at $42,000. Global Retirement Partners LLC bought a new stake in shares of Tompkins Financial in the 2nd quarter worth about $96,000. IFP Advisors Inc increased its position in shares of Tompkins Financial by 59,550.0% in the 4th quarter. IFP Advisors Inc now owns 1,193 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 1,191 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Tompkins Financial in the 4th quarter valued at about $118,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Tompkins Financial in the 4th quarter valued at about $171,000. Institutional investors and hedge funds own 69.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TMP. Keefe, Bruyette & Woods lifted their price target on Tompkins Financial from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Piper Sandler upped their price objective on Tompkins Financial from $87.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Tompkins Financial has a consensus rating of “Hold” and a consensus target price of $104.50.

Tompkins Financial Price Performance

Shares of NYSEAMERICAN TMP opened at $97.36 on Friday. Tompkins Financial Corporation has a 1-year low of $61.88 and a 1-year high of $102.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.95 and a quick ratio of 0.95. The business’s fifty day moving average price is $96.22 and its two-hundred day moving average price is $87.32. The firm has a market capitalization of $1.40 billion, a PE ratio of 7.97 and a beta of 0.74.

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

Tompkins Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 7th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, August 7th. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.67. Tompkins Financial’s dividend payout ratio (DPR) is presently 56.57%.

About Tompkins Financial

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.