New York State Teachers Retirement System Sells 5,880 Shares of Tompkins Financial Corporation $TMP

New York State Teachers Retirement System lessened its stake in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 31.1% during the 1st quarter, HoldingsChannel reports. The firm owned 12,997 shares of the financial services provider’s stock after selling 5,880 shares during the quarter. New York State Teachers Retirement System’s holdings in Tompkins Financial were worth $1,025,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of TMP. Millennium Management LLC lifted its holdings in shares of Tompkins Financial by 1.1% during the 4th quarter. Millennium Management LLC now owns 16,863 shares of the financial services provider’s stock worth $1,223,000 after acquiring an additional 183 shares during the period. WINTON GROUP Ltd lifted its stake in shares of Tompkins Financial by 1.1% during the fourth quarter. WINTON GROUP Ltd now owns 19,263 shares of the financial services provider’s stock valued at $1,397,000 after acquiring an additional 206 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Tompkins Financial by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,556 shares of the financial services provider’s stock worth $476,000 after buying an additional 311 shares during the last quarter. Cardinal Capital Management increased its holdings in Tompkins Financial by 1.4% in the fourth quarter. Cardinal Capital Management now owns 23,419 shares of the financial services provider’s stock valued at $1,698,000 after purchasing an additional 328 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Tompkins Financial by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,982 shares of the financial services provider’s stock worth $313,000 after acquiring an additional 378 shares during the last quarter. 69.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Ita M. Rahilly acquired 1,164 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was purchased at an average cost of $85.90 per share, with a total value of $99,987.60. Following the acquisition, the director directly owned 11,849 shares of the company’s stock, valued at approximately $1,017,829.10. The trade was a 10.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.52% of the stock is owned by corporate insiders.

Tompkins Financial Price Performance

NYSEAMERICAN:TMP opened at $91.48 on Monday. The company has a market cap of $1.32 billion, a P/E ratio of 7.84 and a beta of 0.74. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. Tompkins Financial Corporation has a one year low of $61.21 and a one year high of $97.12. The firm’s fifty day moving average price is $88.50 and its two-hundred day moving average price is $82.16.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its quarterly earnings data on Friday, April 24th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.11. Tompkins Financial had a return on equity of 11.27% and a net margin of 28.93%.The company had revenue of $83.69 million during the quarter, compared to analysts’ expectations of $83.64 million. Equities analysts expect that Tompkins Financial Corporation will post 7.55 earnings per share for the current year.

Tompkins Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.68 annualized dividend and a dividend yield of 2.9%. Tompkins Financial’s dividend payout ratio (DPR) 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.