Susquehanna International Group LLP Sells 7,802 Shares of Tompkins Financial Corporation $TMP

Susquehanna International Group LLP lessened its position in Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 71.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,138 shares of the financial services provider’s stock after selling 7,802 shares during the period. Susquehanna International Group LLP’s holdings in Tompkins Financial were worth $297,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Tompkins Financial during the 2nd quarter valued at approximately $1,428,000. Lazard Asset Management LLC bought a new stake in Tompkins Financial in the first quarter worth $1,611,000. SG Americas Securities LLC raised its stake in Tompkins Financial by 34.0% during the first quarter. SG Americas Securities LLC now owns 36,417 shares of the financial services provider’s stock valued at $2,871,000 after purchasing an additional 9,249 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Tompkins Financial during the first quarter valued at $7,340,000. Finally, BlackRock Inc. bought a new position in Tompkins Financial during the second quarter valued at $193,740,000. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on TMP. Keefe, Bruyette & Woods lifted 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 upped their target price on shares of Tompkins Financial from $87.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Tompkins Financial currently has a consensus rating of “Hold” and an average target price of $104.50.

Tompkins Financial Stock Performance

NYSEAMERICAN:TMP opened at $95.55 on Wednesday. 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 capitalization of $1.37 billion, a price-to-earnings ratio of 7.83 and a beta of 0.73. The company’s 50-day moving average is $96.60 and its two-hundred day moving average is $87.57. Tompkins Financial Corporation has a 1-year low of $61.88 and a 1-year high of $102.58.

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

Tompkins Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 7th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, August 7th. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.67. Tompkins Financial’s dividend payout ratio (DPR) is 56.57%.

Tompkins Financial Profile

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.