Vanguard Group Inc. lowered its holdings in Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,359,464 shares of the financial services provider's stock after selling 45,266 shares during the quarter. Vanguard Group Inc. owned approximately 9.47% of Tompkins Financial worth $66,600,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. BlackRock Inc. grew its position in shares of Tompkins Financial by 2.5% in the 3rd quarter. BlackRock Inc. now owns 2,080,018 shares of the financial services provider's stock worth $151,049,000 after buying an additional 51,632 shares during the last quarter. State Street Corp grew its position in shares of Tompkins Financial by 2.3% in the 1st quarter. State Street Corp now owns 1,326,832 shares of the financial services provider's stock worth $87,850,000 after buying an additional 30,111 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Tompkins Financial by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 480,562 shares of the financial services provider's stock worth $31,818,000 after buying an additional 14,449 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Tompkins Financial by 3.6% in the 2nd quarter. Geode Capital Management LLC now owns 263,723 shares of the financial services provider's stock worth $14,689,000 after buying an additional 9,112 shares during the last quarter. Finally, Boston Trust Walden Corp grew its position in shares of Tompkins Financial by 1.9% in the 3rd quarter. Boston Trust Walden Corp now owns 214,332 shares of the financial services provider's stock worth $10,500,000 after buying an additional 4,093 shares during the last quarter. Institutional investors own 69.11% of the company's stock.
Tompkins Financial Stock Performance
Shares of TMP traded up $0.53 during trading hours on Monday, hitting $47.38. The stock had a trading volume of 33,809 shares, compared to its average volume of 68,867. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.90 and a quick ratio of 0.90. Tompkins Financial Co. has a fifty-two week low of $46.31 and a fifty-two week high of $65.54. The stock has a market cap of $682.75 million, a P/E ratio of 74.03 and a beta of 0.65.
Tompkins Financial (NYSEAMERICAN:TMP - Get Free Report) last posted its quarterly earnings data on Friday, January 26th. The financial services provider reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.27 by ($0.22). The company had revenue of $71.21 million for the quarter, compared to analyst estimates of $74.58 million. Tompkins Financial had a return on equity of 1.48% and a net margin of 3.09%. Equities research analysts anticipate that Tompkins Financial Co. will post 4.94 earnings per share for the current year.
Tompkins Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 9th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend was Thursday, February 8th. Tompkins Financial's dividend payout ratio is presently 375.00%.
Insiders Place Their Bets
In other Tompkins Financial news, Director Ita M. Rahilly bought 1,982 shares of the company's stock in a transaction dated Tuesday, February 20th. The stock was acquired at an average price of $50.46 per share, with a total value of $100,011.72. Following the completion of the acquisition, the director now directly owns 8,454 shares of the company's stock, valued at $426,588.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.31% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Tompkins Financial to a "sell" rating in a research report on Friday, January 12th.
Check Out Our Latest Analysis on TMP
About Tompkins Financial
(
Free Report)
Tompkins Financial Corporation, a financial holding company, provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance services. The company operates through three segments: Banking, Insurance, and Wealth Management. It accepts various deposit products, including checking and savings accounts, time deposits, and IRA products, as well as brokered, reciprocal, and municipal money market deposits.
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