John G Ullman & Associates Inc. Lowers Stake in Tompkins Financial Co. (NYSEAMERICAN:TMP)

John G Ullman & Associates Inc. lowered its stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 20.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 31,443 shares of the financial services provider’s stock after selling 7,984 shares during the period. John G Ullman & Associates Inc. owned approximately 0.22% of Tompkins Financial worth $1,894,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TMP. Massmutual Trust Co. FSB ADV purchased a new position in Tompkins Financial in the 4th quarter valued at approximately $27,000. Lazard Asset Management LLC acquired a new stake in shares of Tompkins Financial in the 4th quarter valued at $28,000. CNB Bank acquired a new stake in shares of Tompkins Financial in the 3rd quarter valued at $28,000. Captrust Financial Advisors raised its holdings in shares of Tompkins Financial by 192.3% in the 1st quarter. Captrust Financial Advisors now owns 532 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 350 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Tompkins Financial in the 2nd quarter valued at $76,000. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Tompkins Financial Trading Up 4.6 %

NYSEAMERICAN:TMP traded up $2.03 during mid-day trading on Friday, hitting $45.72. The stock had a trading volume of 94,917 shares, compared to its average volume of 67,832. The company has a market cap of $658.83 million, a PE ratio of 70.88 and a beta of 0.65. Tompkins Financial Co. has a 52 week low of $43.09 and a 52 week high of $65.54. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.90.

Tompkins Financial (NYSEAMERICAN:TMP) last released its 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 during the quarter, compared to analysts’ expectations of $74.58 million. Tompkins Financial had a return on equity of 1.48% and a net margin of 3.09%. Sell-side analysts anticipate that Tompkins Financial Co. will post 4.94 earnings per share for the current year.

Tompkins Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 9th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 5.25%. The ex-dividend date of this dividend was Thursday, February 8th. Tompkins Financial’s dividend payout ratio (DPR) is presently 375.00%.

Insider Buying and Selling at Tompkins Financial

In other news, Director Ita M. Rahilly bought 1,982 shares of Tompkins Financial stock in a transaction dated Tuesday, February 20th. The shares were bought at an average price of $50.46 per share, for a total transaction of $100,011.72. Following the purchase, the director now owns 8,454 shares of the company’s stock, valued at $426,588.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Tompkins Financial to a “sell” rating in a report on Friday, January 12th.

Tompkins Financial 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.