Capstone Asset Management Co. Buys 320 Shares of Tompkins Financial Co. (TMP)
Capstone Asset Management Co. increased its position in shares of Tompkins Financial Co. (AMEX:TMP) by 9.3% during the second quarter, Holdings Channel reports. The firm owned 3,762 shares of the financial services provider’s stock after buying an additional 320 shares during the period. Capstone Asset Management Co.’s holdings in Tompkins Financial were worth $296,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in TMP. Ameritas Investment Partners Inc. bought a new position in shares of Tompkins Financial during the first quarter worth about $101,000. State of Alaska Department of Revenue increased its position in shares of Tompkins Financial by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 1,350 shares of the financial services provider’s stock worth $108,000 after buying an additional 30 shares during the period. Victory Capital Management Inc. increased its position in shares of Tompkins Financial by 16.8% in the first quarter. Victory Capital Management Inc. now owns 1,878 shares of the financial services provider’s stock worth $151,000 after buying an additional 270 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Tompkins Financial by 8.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,507 shares of the financial services provider’s stock worth $202,000 after buying an additional 204 shares during the period. Finally, OppenheimerFunds Inc. bought a new position in shares of Tompkins Financial during the first quarter worth about $215,000.
Shares of Tompkins Financial Co. (AMEX:TMP) traded up 1.581% on Monday, hitting $76.155. The company had a trading volume of 5,429 shares. The stock’s 50-day moving average is $78.78 and its 200 day moving average is $82.33. Tompkins Financial Co. has a 52 week low of $70.84 and a 52 week high of $96.70. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 18.484 and a beta of 0.77.
Tompkins Financial (AMEX:TMP) last issued its quarterly earnings results on Friday, July 21st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.06. The firm had revenue of $67.75 million during the quarter. Equities analysts expect that Tompkins Financial Co. will post $4.42 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be paid a $0.45 dividend. The ex-dividend date is Friday, July 28th. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.40%. Tompkins Financial’s payout ratio is currently 46.56%.
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A number of research analysts recently issued reports on TMP shares. Keefe, Bruyette & Woods upgraded Tompkins Financial from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $80.00 to $81.00 in a research note on Monday, July 24th. BidaskClub upgraded Tompkins Financial from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th.
About Tompkins Financial
Tompkins Financial Corporation (Tompkins) is a financial holding company. The Company is a community-based financial services company that offers an array of products and services, including commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, insurance, and brokerage services.
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