ProShare Advisors LLC Buys 32,521 Shares of Tompkins Financial Corporation $TMP

ProShare Advisors LLC boosted its stake in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 43.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 107,578 shares of the financial services provider’s stock after purchasing an additional 32,521 shares during the period. ProShare Advisors LLC owned 0.75% of Tompkins Financial worth $10,354,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Nykredit A S bought a new stake in shares of Tompkins Financial during the 2nd quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Tompkins Financial in the second quarter valued at $27,000. Bard Associates Inc. bought a new position in shares of Tompkins Financial in the second quarter valued at $28,000. Trust Co. of Vermont acquired a new position in Tompkins Financial during the second quarter worth $42,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Tompkins Financial during the second quarter worth $51,000. 69.11% of the stock is currently owned by institutional investors.

Tompkins Financial Price Performance

NYSEAMERICAN:TMP opened at $99.73 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average price is $98.31 and its two-hundred day moving average price is $89.26. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 13.28 and a beta of 0.77. Tompkins Financial Corporation has a 12-month low of $64.16 and a 12-month high of $104.18.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its earnings results on Friday, October 23rd. The financial services provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.95 by $0.05. The company had revenue of $89.85 million during the quarter, compared to the consensus estimate of $89.65 million. Tompkins Financial had a return on equity of 11.59% and a net margin of 30.94%. On average, analysts anticipate that Tompkins Financial Corporation will post 7.75 earnings per share for the current year.

Tompkins Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, November 6th will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $2.96 annualized dividend and a yield of 3.0%. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.70. Tompkins Financial’s payout ratio is 56.57%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Piper Sandler upped their price target on shares of Tompkins Financial from $87.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of Tompkins Financial from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $104.50.

Tompkins Financial Company Profile

Tompkins Financial Corporation is a financial services holding company headquartered in Ithaca, New York. Through its subsidiaries, the company provides banking, insurance and wealth-management services to individuals, families, businesses and municipal organizations.

Its banking operations are conducted primarily through Tompkins Community Bank, which offers deposit accounts, residential and commercial lending, mortgages, cash-management services, online banking and other financial products.