93,100 Shares in Tompkins Financial Corporation $TMP Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. acquired a new stake in Tompkins Financial Corporation (NYSEAMERICAN:TMP) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 93,100 shares of the financial services provider’s stock, valued at approximately $7,340,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in Tompkins Financial by 37.2% during the 1st quarter. Royal Bank of Canada now owns 14,025 shares of the financial services provider’s stock worth $883,000 after purchasing an additional 3,801 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Tompkins Financial by 207.4% in the first quarter. AQR Capital Management LLC now owns 35,941 shares of the financial services provider’s stock worth $2,264,000 after buying an additional 24,249 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Tompkins Financial by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,556 shares of the financial services provider’s stock worth $476,000 after buying an additional 311 shares in the last quarter. Jane Street Group LLC boosted its position in Tompkins Financial by 290.9% during the first quarter. Jane Street Group LLC now owns 24,706 shares of the financial services provider’s stock worth $1,556,000 after acquiring an additional 18,385 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in Tompkins Financial during the second quarter worth about $345,000. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reiterated a “neutral” rating and issued a $87.00 target price (up from $82.00) on shares of Tompkins Financial in a report on Tuesday, April 28th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $87.00.

Tompkins Financial Stock Performance

NYSEAMERICAN TMP opened at $91.28 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $1.31 billion, a P/E ratio of 7.82 and a beta of 0.74. The stock has a 50-day moving average of $88.77 and a two-hundred day moving average of $82.40. Tompkins Financial Corporation has a 1-year low of $61.21 and a 1-year high of $97.12.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its quarterly earnings results on Friday, April 24th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.11. Tompkins Financial had a net margin of 28.93% and a return on equity of 11.27%. The business had revenue of $83.69 million for the quarter, compared to analysts’ expectations of $83.64 million. As a group, analysts anticipate that Tompkins Financial Corporation will post 7.55 EPS for the current year.

Tompkins Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, May 8th. Tompkins Financial’s dividend payout ratio is presently 54.14%.

Insider Transactions at Tompkins Financial

In other Tompkins Financial news, Director Ita M. Rahilly bought 1,164 shares of Tompkins Financial stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $85.90 per share, for a total transaction of $99,987.60. Following the acquisition, the director directly owned 11,849 shares in the company, valued at $1,017,829.10. This represents a 10.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.52% of the stock is currently owned by company insiders.

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.