Jupiter Topco LLC Purchases Shares of 6,309 Tompkins Financial Corporation $TMP

Jupiter Topco LLC acquired a new position in Tompkins Financial Corporation (NYSEAMERICAN:TMP) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,309 shares of the financial services provider’s stock, valued at approximately $595,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Tompkins Financial during the second quarter valued at $27,000. Bard Associates Inc. purchased a new stake in Tompkins Financial during the second quarter valued at about $28,000. Trust Co. of Vermont purchased a new stake in Tompkins Financial during the second quarter valued at about $42,000. IFP Advisors Inc increased its position in shares of Tompkins Financial by 59,550.0% in the fourth quarter. IFP Advisors Inc now owns 1,193 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 1,191 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of Tompkins Financial during the second quarter valued at approximately $96,000. Institutional investors and hedge funds own 69.11% of the company’s stock.

Analysts Set New Price Targets

TMP has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Tompkins Financial from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Piper Sandler increased their price objective on Tompkins Financial from $87.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $104.50.

Tompkins Financial Stock Performance

Shares of TMP stock opened at $99.57 on Monday. Tompkins Financial Corporation has a fifty-two week low of $61.88 and a fifty-two week high of $102.58. The stock’s 50-day moving average is $96.91 and its two-hundred day moving average is $87.90. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $1.43 billion, a P/E ratio of 8.15 and a beta of 0.73.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its quarterly earnings results on Friday, July 24th. The financial services provider reported $2.04 EPS for the quarter, beating the consensus estimate of $1.82 by $0.22. The business had revenue of $87.12 million during the quarter, compared to analysts’ expectations of $86.93 million. Tompkins Financial had a return on equity of 11.52% and a net margin of 30.13%. Analysts predict that Tompkins Financial Corporation will post 7.75 earnings per share for the current fiscal year.

Tompkins Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 7th were issued a $0.70 dividend. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.67. This represents a $2.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, August 7th. Tompkins Financial’s dividend payout ratio is currently 56.57%.

About Tompkins Financial

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.