Tompkins Financial Corporation $TMP Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its position in Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,385,961 shares of the financial services provider’s stock after buying an additional 15,227 shares during the period. Vanguard Group Inc. owned about 9.60% of Tompkins Financial worth $100,510,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Chicago Partners Investment Group LLC grew its holdings in Tompkins Financial by 1.9% in the third quarter. Chicago Partners Investment Group LLC now owns 11,438 shares of the financial services provider’s stock valued at $751,000 after purchasing an additional 216 shares during the period. Savant Capital LLC increased its position in shares of Tompkins Financial by 4.2% in the third quarter. Savant Capital LLC now owns 5,913 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 238 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Tompkins Financial by 95.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 551 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 269 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Tompkins Financial by 0.8% during the 3rd quarter. Rhumbline Advisers now owns 38,226 shares of the financial services provider’s stock valued at $2,531,000 after acquiring an additional 308 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Tompkins Financial by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,556 shares of the financial services provider’s stock valued at $476,000 after acquiring an additional 311 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler restated a “neutral” rating and set a $87.00 target price (up from $82.00) on shares of Tompkins Financial in a report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $87.00.

Tompkins Financial Price Performance

Shares of TMP stock opened at $82.77 on Thursday. The company has a market capitalization of $1.19 billion, a PE ratio of 7.09 and a beta of 0.76. The firm has a fifty day simple moving average of $80.36 and a 200-day simple moving average of $76.28. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. Tompkins Financial Corporation has a twelve month low of $59.67 and a twelve month high of $86.95.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its earnings results on Friday, April 24th. The financial services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.11. The business had revenue of $71.86 million during the quarter, compared to the consensus estimate of $83.64 million. Tompkins Financial had a net margin of 28.93% and a return on equity of 11.27%. Equities research analysts anticipate that Tompkins Financial Corporation will post 7.55 earnings per share for the current fiscal year.

Tompkins Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 8th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $2.68 annualized dividend and a yield of 3.2%. Tompkins Financial’s dividend payout ratio is currently 54.14%.

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.