LSV Asset Management Invests $1.70 Million in Tompkins Financial Corporation $TMP

LSV Asset Management purchased a new position in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 27,170 shares of the financial services provider’s stock, valued at approximately $1,704,000. LSV Asset Management owned about 0.19% of Tompkins Financial at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TMP. CWM LLC raised its holdings in shares of Tompkins Financial by 66.3% in the first quarter. CWM LLC now owns 1,848 shares of the financial services provider’s stock valued at $116,000 after buying an additional 737 shares during the last quarter. Nuveen LLC acquired a new stake in Tompkins Financial in the 1st quarter valued at about $2,364,000. LPL Financial LLC raised its stake in shares of Tompkins Financial by 12.3% in the first quarter. LPL Financial LLC now owns 35,507 shares of the financial services provider’s stock worth $2,236,000 after acquiring an additional 3,881 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Tompkins Financial by 7.1% in the second quarter. State of Alaska Department of Revenue now owns 7,455 shares of the financial services provider’s stock worth $467,000 after acquiring an additional 496 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Tompkins Financial by 2.4% during the first quarter. Vanguard Group Inc. now owns 1,336,830 shares of the financial services provider’s stock worth $84,194,000 after purchasing an additional 30,927 shares in the last quarter. Institutional investors own 69.11% of the company’s stock.

Tompkins Financial Stock Performance

Shares of Tompkins Financial stock opened at $68.21 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.95. The firm has a 50 day simple moving average of $66.24 and a 200 day simple moving average of $65.30. Tompkins Financial Corporation has a fifty-two week low of $54.16 and a fifty-two week high of $79.01. The firm has a market cap of $984.27 million, a P/E ratio of 11.58 and a beta of 0.88.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its quarterly earnings data on Friday, October 24th. The financial services provider reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.05). The firm had revenue of $87.44 million for the quarter, compared to analyst estimates of $87.00 million. Tompkins Financial had a return on equity of 11.24% and a net margin of 18.24%. Sell-side analysts predict that Tompkins Financial Corporation will post 5.46 earnings per share for the current fiscal year.

Tompkins Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 7th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $2.60 annualized dividend and a yield of 3.8%. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.62. Tompkins Financial’s dividend payout ratio (DPR) is presently 50.10%.

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.