Cornell University Takes $1.90 Million Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Cornell University acquired a new stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 315,123 shares of the financial services provider's stock, valued at approximately $1,898,000. Tompkins Financial accounts for 1.6% of Cornell University's portfolio, making the stock its 3rd biggest holding. Cornell University owned 2.20% of Tompkins Financial as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV purchased a new position in Tompkins Financial during the 4th quarter valued at $27,000. Signaturefd LLC raised its position in Tompkins Financial by 366.7% during the 4th quarter. Signaturefd LLC now owns 490 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 385 shares in the last quarter. CNB Bank bought a new stake in Tompkins Financial during the 3rd quarter valued at $28,000. Quantbot Technologies LP bought a new stake in Tompkins Financial during the 3rd quarter valued at $101,000. Finally, SG Americas Securities LLC bought a new stake in Tompkins Financial during the 3rd quarter valued at $139,000. Hedge funds and other institutional investors own 69.11% of the company's stock.

Insider Transactions at Tompkins Financial

In other Tompkins Financial news, Director Ita M. Rahilly purchased 1,982 shares of Tompkins Financial stock in a transaction that occurred on Tuesday, February 20th. The stock was bought at an average price of $50.46 per share, with a total value of $100,011.72. Following the acquisition, the director now owns 8,454 shares of the company's stock, valued at approximately $426,588.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.50% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com raised Tompkins Financial to a "sell" rating in a research report on Friday, January 12th.

Tompkins Financial Stock Up 1.2 %

Tompkins Financial stock traded up $0.55 during trading hours on Monday, hitting $46.27. 46,981 shares of the stock traded hands, compared to its average volume of 68,001. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $666.75 million, a PE ratio of 72.30 and a beta of 0.65. Tompkins Financial Co. has a 1 year low of $43.09 and a 1 year high of $65.54.

Tompkins Financial (NYSEAMERICAN:TMP - Get Free Report) last posted its quarterly earnings results on Friday, January 26th. The financial services provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.22). The firm had revenue of $71.21 million for the quarter, compared to analysts' expectations of $74.58 million. Tompkins Financial had a net margin of 3.09% and a return on equity of 1.48%. Equities analysts anticipate that Tompkins Financial Co. will post 4.94 EPS for the current year.

Tompkins Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 9th were paid a $0.60 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.19%. Tompkins Financial's payout ratio is 375.00%.

Tompkins Financial Company Profile

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.