Deutsche Bank AG bought a new stake in Tompkins Financial Corporation (NYSEAMERICAN:TMP - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,490 shares of the financial services provider's stock, valued at approximately $1,464,000. Deutsche Bank AG owned approximately 0.11% of Tompkins Financial as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC grew its holdings in Tompkins Financial by 34.0% during the first quarter. SG Americas Securities LLC now owns 36,417 shares of the financial services provider's stock worth $2,871,000 after acquiring an additional 9,249 shares during the period. Lazard Asset Management LLC acquired a new stake in Tompkins Financial in the first quarter valued at $1,611,000. Hillsdale Investment Management Inc. acquired a new stake in Tompkins Financial in the first quarter valued at $7,340,000. Rhino Investment Partners Inc boosted its position in shares of Tompkins Financial by 88.5% during the 1st quarter. Rhino Investment Partners Inc now owns 166,941 shares of the financial services provider's stock worth $13,162,000 after purchasing an additional 78,391 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Tompkins Financial by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 1,385,961 shares of the financial services provider's stock worth $100,510,000 after purchasing an additional 15,227 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors and hedge funds.
Tompkins Financial Trading Up 0.5%
Shares of TMP stock opened at $97.80 on Friday. The stock has a market cap of $1.41 billion, a P/E ratio of 8.01 and a beta of 0.74. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.57. Tompkins Financial Corporation has a fifty-two week low of $61.88 and a fifty-two week high of $102.58. The business has a fifty day simple moving average of $96.39 and a 200-day simple moving average of $87.40.
Tompkins Financial (NYSEAMERICAN:TMP - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The financial services provider reported $2.04 EPS 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 business had revenue of $87.12 million for the quarter, compared to analyst estimates of $86.93 million. On average, analysts forecast that Tompkins Financial Corporation will post 7.75 earnings per share for the current fiscal year.
Tompkins Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 7th were given a $0.70 dividend. This is a boost from Tompkins Financial's previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, August 7th. Tompkins Financial's dividend payout ratio (DPR) is currently 56.57%.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on TMP. Piper Sandler raised their price objective on shares of Tompkins Financial from $87.00 to $104.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Keefe, Bruyette & Woods upped their target price on shares of Tompkins Financial from $98.00 to $105.00 and gave the stock 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 given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $104.50.
Get Our Latest Stock Analysis on TMP
Tompkins Financial Company Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding TMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tompkins Financial Corporation (NYSEAMERICAN:TMP - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Tompkins Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tompkins Financial wasn't on the list.
While Tompkins Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
