Teachers Retirement System of The State of Kentucky held its stake in Tompkins Financial Co. (AMEX:TMP) during the first quarter, Holdings Channel reports. The fund owned 3,500 shares of the financial services provider’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Tompkins Financial were worth $282,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Virginia Retirement Systems ET AL acquired a new stake in Tompkins Financial during the first quarter worth $556,000. Parametric Portfolio Associates LLC boosted its stake in Tompkins Financial by 1.4% in the first quarter. Parametric Portfolio Associates LLC now owns 27,805 shares of the financial services provider’s stock worth $2,240,000 after buying an additional 376 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Tompkins Financial by 5.2% in the first quarter. Ameriprise Financial Inc. now owns 65,924 shares of the financial services provider’s stock worth $5,311,000 after buying an additional 3,245 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Tompkins Financial during the first quarter worth $222,000. Finally, Comerica Bank boosted its stake in Tompkins Financial by 4.9% in the first quarter. Comerica Bank now owns 13,645 shares of the financial services provider’s stock worth $1,171,000 after buying an additional 632 shares during the last quarter.
Shares of Tompkins Financial Co. (AMEX:TMP) traded down 0.74% during trading on Thursday, reaching $76.82. The company had a trading volume of 7,617 shares. The firm has a market capitalization of $1.16 billion, a PE ratio of 18.58 and a beta of 0.77. Tompkins Financial Co. has a 1-year low of $70.27 and a 1-year high of $96.70. The firm has a 50-day moving average of $78.96 and a 200 day moving average of $82.48.
Tompkins Financial (AMEX:TMP) last announced its quarterly earnings results on Friday, July 21st. The financial services provider reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.06. The company had revenue of $67.75 million during the quarter. Analysts expect that Tompkins Financial Co. will post $4.42 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Friday, July 28th. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.40. Tompkins Financial’s dividend payout ratio (DPR) is 46.56%.
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A number of analysts have recently weighed in on the company. BidaskClub raised Tompkins Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Keefe, Bruyette & Woods upgraded Tompkins Financial from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $80.00 to $81.00 in a research note on Monday, July 24th.
About Tompkins Financial
Tompkins Financial Corporation (Tompkins) is a financial holding company. The Company is a community-based financial services company that offers an array of products and services, including commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, insurance, and brokerage services.
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