ProShare Advisors LLC Has $6.06 Million Stock Holdings in Tompkins Financial Corporation $TMP

ProShare Advisors LLC decreased its position in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 7.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,451 shares of the financial services provider’s stock after selling 7,390 shares during the period. ProShare Advisors LLC owned 0.63% of Tompkins Financial worth $6,055,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TMP. Quantbot Technologies LP acquired a new position in Tompkins Financial in the 2nd quarter worth about $151,000. Allworth Financial LP increased its holdings 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 worth $162,000 after buying an additional 2,502 shares during the last quarter. CWM LLC raised its position in Tompkins Financial by 122.6% during the third quarter. CWM LLC now owns 2,812 shares of the financial services provider’s stock valued at $186,000 after acquiring an additional 1,549 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Tompkins Financial in the second quarter valued at approximately $202,000. Finally, Raymond James Financial Inc. acquired a new stake in Tompkins Financial in the second quarter valued at approximately $204,000. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Insider Activity at Tompkins Financial

In other Tompkins Financial news, Director Ita M. Rahilly acquired 1,463 shares of the business’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 transaction, the director owned 10,511 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.94% of the company’s stock.

Wall Street Analysts Forecast Growth

TMP has been the topic of a number of recent research reports. Piper Sandler initiated coverage on shares of Tompkins Financial in a report on Wednesday, December 3rd. They set a “neutral” rating and a $74.00 price target on the stock. Zacks Research upgraded shares of Tompkins Financial to a “hold” rating in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $74.00.

Tompkins Financial Trading Down 0.9%

NYSEAMERICAN:TMP opened at $83.79 on Friday. The company’s 50 day moving average is $76.48 and its 200-day moving average is $70.31. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.60. Tompkins Financial Corporation has a 12 month low of $54.16 and a 12 month high of $86.95. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 7.47 and a beta of 0.79.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its quarterly earnings data on Friday, January 30th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.01. The business had revenue of $257.30 million during the quarter, compared to the consensus estimate of $136.16 million. Tompkins Financial had a net margin of 27.82% and a return on equity of 11.19%. Equities analysts anticipate that Tompkins Financial Corporation will post 5.46 EPS for the current 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 given a $0.67 dividend. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.65. This represents a $2.68 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, February 13th. Tompkins Financial’s dividend payout ratio (DPR) is 52.53%.

Tompkins Financial 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.