Rhumbline Advisers Sells 795 Shares of Tompkins Financial Co. (TMP)
Rhumbline Advisers trimmed its holdings in shares of Tompkins Financial Co. (AMEX:TMP) by 2.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 29,794 shares of the financial services provider’s stock after selling 795 shares during the period. Rhumbline Advisers owned approximately 0.20% of Tompkins Financial worth $2,345,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new position in shares of Tompkins Financial during the first quarter valued at approximately $101,000. State of Alaska Department of Revenue lifted its holdings in shares of Tompkins Financial by 2.3% during the first quarter. State of Alaska Department of Revenue now owns 1,350 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 30 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Tompkins Financial by 16.8% during the first quarter. Victory Capital Management Inc. now owns 1,878 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 270 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Tompkins Financial by 8.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,507 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 204 shares during the last quarter. Finally, OppenheimerFunds Inc. purchased a new position in shares of Tompkins Financial during the first quarter valued at approximately $215,000.
Tompkins Financial Co. (TMP) opened at 75.01 on Thursday. The company has a 50-day moving average of $76.16 and a 200-day moving average of $80.03. Tompkins Financial Co. has a one year low of $71.27 and a one year high of $96.70. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 18.21 and a beta of 0.77.
Tompkins Financial (AMEX:TMP) last released its quarterly earnings data on Friday, July 21st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.06. Tompkins Financial had a net margin of 25.03% and a return on equity of 11.75%. The firm had revenue of $67.75 million for the quarter. On average, equities analysts forecast that Tompkins Financial Co. will post $4.42 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were paid a dividend of $0.45 per share. The ex-dividend date was Friday, July 28th. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.40%. Tompkins Financial’s dividend payout ratio (DPR) is currently 46.56%.
TMP has been the subject of several recent research reports. BidaskClub upgraded shares of Tompkins Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Keefe, Bruyette & Woods upgraded shares of Tompkins Financial from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $80.00 to $81.00 in a report on Monday, July 24th.
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Tompkins Financial Company Profile
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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