Thrivent Financial for Lutherans Sells 9,847 Shares of Tompkins Financial Corporation $TMP

Thrivent Financial for Lutherans lowered its position in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 41.7% during the third quarter, Holdings Channel.com reports. The firm owned 13,781 shares of the financial services provider’s stock after selling 9,847 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Tompkins Financial were worth $912,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AlphaQuest LLC increased its position in Tompkins Financial by 57,814.3% during the 3rd quarter. AlphaQuest LLC now owns 4,054 shares of the financial services provider’s stock worth $268,000 after buying an additional 4,047 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Tompkins Financial during the 3rd quarter worth approximately $212,000. Teacher Retirement System of Texas boosted its position in shares of Tompkins Financial by 9.1% during the 3rd quarter. Teacher Retirement System of Texas now owns 16,867 shares of the financial services provider’s stock worth $1,117,000 after acquiring an additional 1,401 shares in the last quarter. Bailard Inc. boosted its position in shares of Tompkins Financial by 46.8% during the 3rd quarter. Bailard Inc. now owns 11,600 shares of the financial services provider’s stock worth $768,000 after acquiring an additional 3,700 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its stake in Tompkins Financial by 1.9% in the third quarter. Chicago Partners Investment Group LLC now owns 11,438 shares of the financial services provider’s stock valued at $751,000 after acquiring an additional 216 shares during the last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tompkins Financial

In other news, Director Ita M. Rahilly bought 1,463 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were acquired at an average price of $68.36 per share, for a total transaction of $100,010.68. Following the completion of the acquisition, the director directly owned 10,511 shares in the company, valued at approximately $718,531.96. This represents a 16.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 4.50% of the stock is currently owned by company insiders.

Tompkins Financial Stock Down 1.2%

Shares of NYSEAMERICAN:TMP opened at $82.76 on Monday. The company has a market capitalization of $1.19 billion, a PE ratio of 7.38 and a beta of 0.79. Tompkins Financial Corporation has a 52-week low of $54.16 and a 52-week high of $86.95. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.95 and a current ratio of 0.95. The company has a fifty day moving average of $76.70 and a 200-day moving average of $70.47.

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

Tompkins Financial Increases Dividend

The business 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 $0.67 dividend. The ex-dividend date of this dividend is Friday, February 13th. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.65. This represents a $2.68 annualized dividend and a dividend yield of 3.2%. Tompkins Financial’s payout ratio is currently 54.14%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TMP. Piper Sandler started coverage on Tompkins Financial in a research note on Wednesday, December 3rd. They set a “neutral” rating and a $74.00 target price for the company. Zacks Research raised Tompkins Financial to a “hold” rating in a report on Thursday, December 4th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus 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.