ProShare Advisors LLC Sells 6,242 Shares of Tompkins Financial Corporation $TMP

ProShare Advisors LLC trimmed its position in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 6.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,209 shares of the financial services provider’s stock after selling 6,242 shares during the quarter. ProShare Advisors LLC’s holdings in Tompkins Financial were worth $6,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of TMP. EverSource Wealth Advisors LLC increased its stake in shares of Tompkins Financial by 95.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 551 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 269 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Tompkins Financial in the 2nd quarter worth $151,000. Raymond James Financial Inc. purchased a new stake in shares of Tompkins Financial in the 2nd quarter worth $204,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Tompkins Financial in the 3rd quarter worth $212,000. Finally, Virtu Financial LLC purchased a new stake in Tompkins Financial in the 3rd quarter worth $224,000. 69.11% of the stock is owned by institutional investors.

Tompkins Financial Trading Down 0.4%

Shares of Tompkins Financial stock opened at $85.80 on Friday. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 7.35 and a beta of 0.76. The business has a 50-day moving average price of $81.49 and a 200-day moving average price of $77.15. The company has a quick ratio of 0.94, a current 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 quarterly earnings results on Friday, April 24th. The financial services provider reported $1.82 EPS for the quarter, beating 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 firm had revenue of $83.70 million during the quarter, compared to the consensus estimate of $83.64 million. Equities research analysts anticipate that Tompkins Financial Corporation will post 7.55 EPS for the current fiscal year.

Tompkins Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were issued a $0.67 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.1%. Tompkins Financial’s dividend payout ratio (DPR) is presently 54.14%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reiterated a “neutral” rating and issued a $87.00 price target (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.com, Tompkins Financial presently has a consensus rating of “Hold” and a consensus target price of $87.00.

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.