Tompkins Financial Co. (TMP) Stake Lessened by Virginia Retirement Systems ET AL
Virginia Retirement Systems ET AL lessened its stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 55.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,000 shares of the financial services provider’s stock after selling 3,800 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Tompkins Financial were worth $258,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TMP. Vanguard Group Inc. boosted its stake in Tompkins Financial by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,442,716 shares of the financial services provider’s stock valued at $113,571,000 after purchasing an additional 42,726 shares during the period. State Street Corp boosted its stake in Tompkins Financial by 4.5% during the 2nd quarter. State Street Corp now owns 347,008 shares of the financial services provider’s stock valued at $27,321,000 after purchasing an additional 14,834 shares during the period. Northern Trust Corp boosted its stake in Tompkins Financial by 1.3% during the 2nd quarter. Northern Trust Corp now owns 180,721 shares of the financial services provider’s stock valued at $14,226,000 after purchasing an additional 2,264 shares during the period. ProShare Advisors LLC bought a new stake in Tompkins Financial during the 2nd quarter valued at approximately $6,967,000. Finally, Ameriprise Financial Inc. boosted its stake in Tompkins Financial by 1.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 67,164 shares of the financial services provider’s stock valued at $5,288,000 after purchasing an additional 1,240 shares during the period.
Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) traded up $0.30 during trading hours on Thursday, reaching $84.50. The company had a trading volume of 23,500 shares, compared to its average volume of 34,295. Tompkins Financial Co. has a 1 year low of $71.27 and a 1 year high of $96.70.
Tompkins Financial (NYSEAMERICAN:TMP) last announced its earnings results on Friday, October 27th. The financial services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.01. Tompkins Financial had a return on equity of 11.81% and a net margin of 25.55%. The firm had revenue of $68.20 million during the quarter.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, November 7th were issued a $0.47 dividend. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Monday, November 6th. This represents a $1.88 annualized dividend and a yield of 2.22%. Tompkins Financial’s dividend payout ratio is 43.62%.
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About Tompkins Financial
Tompkins Financial Corporation (Tompkins) is a financial holding company. The Company is a community-based financial services company that offers an array of products and services, including commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, insurance, and brokerage services.
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