LSV Asset Management Has $2.41 Million Stake in Tompkins Financial Corporation $TMP

LSV Asset Management raised its stake in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 34.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 36,400 shares of the financial services provider’s stock after purchasing an additional 9,230 shares during the quarter. LSV Asset Management’s holdings in Tompkins Financial were worth $2,410,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quantbot Technologies LP bought a new position in Tompkins Financial during the 2nd quarter worth approximately $151,000. Allworth Financial LP increased its stake in Tompkins Financial by 3,207.7% in the second quarter. Allworth Financial LP now owns 2,580 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 2,502 shares in the last quarter. CWM LLC increased its stake in Tompkins Financial by 122.6% in the third quarter. CWM LLC now owns 2,812 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 1,549 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in Tompkins Financial in the third quarter worth $212,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Tompkins Financial during the second quarter worth $202,000. 69.11% of the stock is owned by institutional investors.

Insider Activity

In other Tompkins Financial news, Director Ita M. Rahilly bought 1,463 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was acquired at an average price of $68.36 per share, with a total value of $100,010.68. Following the completion of the transaction, the director owned 10,511 shares in the company, valued at approximately $718,531.96. This trade represents a 16.17% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.50% of the stock is owned by company insiders.

Tompkins Financial Stock Performance

TMP opened at $82.76 on Tuesday. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 7.38 and a beta of 0.79. The business’s 50-day moving average price is $76.92 and its two-hundred day moving average price is $70.59. Tompkins Financial Corporation has a 1 year low of $54.16 and a 1 year high of $86.95. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.95 and a quick ratio of 0.95.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its quarterly earnings data on Friday, January 30th. The financial services provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.01. The company had revenue of $257.30 million during the quarter, compared to analysts’ expectations of $136.16 million. Tompkins Financial had a return on equity of 11.19% and a net margin of 27.82%. Equities analysts expect that Tompkins Financial Corporation will post 5.46 EPS for the current fiscal year.

Tompkins Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, February 22nd. Stockholders of record on Friday, February 13th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.68 annualized dividend and a dividend yield of 3.2%. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.65. Tompkins Financial’s dividend payout ratio (DPR) is 54.14%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Piper Sandler initiated coverage on shares of Tompkins Financial in a research report on Wednesday, December 3rd. They issued a “neutral” rating and a $74.00 price objective for the company. Zacks Research raised Tompkins Financial to a “hold” rating in a research note on Thursday, December 4th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $74.00.

Tompkins Financial Company Profile

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.