Tompkins Financial Corporation $TMP Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. trimmed its stake in Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 17.5% during the first quarter, Holdings Channel.com reports. The fund owned 68,792 shares of the financial services provider’s stock after selling 14,551 shares during the period. John G Ullman & Associates Inc.’s holdings in Tompkins Financial were worth $5,424,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TMP. Hillsdale Investment Management Inc. acquired a new position in shares of Tompkins Financial in the 1st quarter worth approximately $7,340,000. Adage Capital Partners GP L.L.C. purchased a new stake in Tompkins Financial in the fourth quarter valued at approximately $4,351,000. Invesco Ltd. lifted its stake in Tompkins Financial by 95.9% during the second quarter. Invesco Ltd. now owns 98,191 shares of the financial services provider’s stock worth $6,160,000 after purchasing an additional 48,064 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Tompkins Financial by 43.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 102,891 shares of the financial services provider’s stock worth $7,462,000 after buying an additional 31,171 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Tompkins Financial by 62.3% in the fourth quarter. AQR Capital Management LLC now owns 68,928 shares of the financial services provider’s stock valued at $4,999,000 after buying an additional 26,457 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Tompkins Financial Trading Down 1.3%

Shares of TMP stock opened at $94.04 on Friday. Tompkins Financial Corporation has a fifty-two week low of $61.21 and a fifty-two week high of $97.12. The company has a 50 day moving average price of $89.27 and a 200 day moving average price of $82.76. The stock has a market capitalization of $1.35 billion, a P/E ratio of 8.06 and a beta of 0.74. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94.

Tompkins Financial (NYSEAMERICAN:TMP) last released its earnings results 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 net margin of 28.93% and a return on equity of 11.27%. The company had revenue of $83.69 million for the quarter, compared to analyst estimates of $83.64 million. Equities research analysts predict that Tompkins Financial Corporation will post 7.55 EPS for the current fiscal year.

Tompkins Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, May 8th. Tompkins Financial’s dividend payout ratio (DPR) is presently 54.14%.

Analysts Set New Price Targets

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

Insider Activity

In related news, Director Ita M. Rahilly bought 1,164 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $85.90 per share, for a total transaction of $99,987.60. Following the completion of the acquisition, the director owned 11,849 shares in the company, valued at approximately $1,017,829.10. This trade represents a 10.89% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.52% of the company’s stock.

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.