Tompkins Financial Co. (NYSEAMERICAN:TMP) Position Increased by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its holdings in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 6.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,569 shares of the financial services provider’s stock after buying an additional 1,662 shares during the period. Public Sector Pension Investment Board owned about 0.19% of Tompkins Financial worth $1,348,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. John G Ullman & Associates Inc. lifted its position in shares of Tompkins Financial by 224.0% in the 1st quarter. John G Ullman & Associates Inc. now owns 101,865 shares of the financial services provider’s stock valued at $5,123,000 after acquiring an additional 70,422 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Tompkins Financial in the 1st quarter worth approximately $600,000. SG Americas Securities LLC purchased a new stake in Tompkins Financial in the 2nd quarter worth approximately $282,000. CWM LLC lifted its position in Tompkins Financial by 253.2% in the 2nd quarter. CWM LLC now owns 890 shares of the financial services provider’s stock worth $44,000 after buying an additional 638 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Tompkins Financial by 107.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,801 shares of the financial services provider’s stock worth $108,000 after buying an additional 932 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors.

Tompkins Financial Trading Down 2.6 %

NYSEAMERICAN:TMP opened at $56.30 on Wednesday. Tompkins Financial Co. has a 1 year low of $43.09 and a 1 year high of $65.54. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $810.72 million, a P/E ratio of 119.79 and a beta of 0.70.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its earnings results on Friday, July 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.20. Tompkins Financial had a net margin of 4.11% and a return on equity of 2.16%. The business had revenue of $107.02 million for the quarter.

Tompkins Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 9th were paid a $0.61 dividend. The ex-dividend date was Friday, August 9th. This represents a $2.44 dividend on an annualized basis and a yield of 4.33%. Tompkins Financial’s payout ratio is presently 519.15%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TMP shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $59.00 target price (up previously from $50.00) on shares of Tompkins Financial in a research report on Monday, July 29th. StockNews.com upgraded shares of Tompkins Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd.

Tompkins Financial Company Profile

Tompkins Financial Corporation, a financial holding company, provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance services. The company operates through three segments: Banking, Insurance, and Wealth Management. It accepts various deposit products, including checking and savings accounts, time deposits, and IRA products, as well as brokered, reciprocal, and municipal money market deposits.