ProShare Advisors LLC Trims Stake in Tompkins Financial Corporation $TMP

ProShare Advisors LLC decreased its position in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 6.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 85,209 shares of the financial services provider’s stock after selling 6,242 shares during the period. ProShare Advisors LLC owned about 0.59% of Tompkins Financial worth $6,179,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TMP. Royal Bank of Canada grew its holdings in shares of Tompkins Financial by 37.2% during the 1st quarter. Royal Bank of Canada now owns 14,025 shares of the financial services provider’s stock worth $883,000 after acquiring an additional 3,801 shares during the period. AQR Capital Management LLC grew its holdings in shares of Tompkins Financial by 207.4% during the 1st quarter. AQR Capital Management LLC now owns 35,941 shares of the financial services provider’s stock worth $2,264,000 after acquiring an additional 24,249 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Tompkins Financial by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,556 shares of the financial services provider’s stock worth $476,000 after acquiring an additional 311 shares during the period. Jane Street Group LLC grew its holdings in shares of Tompkins Financial by 290.9% during the 1st quarter. Jane Street Group LLC now owns 24,706 shares of the financial services provider’s stock worth $1,556,000 after acquiring an additional 18,385 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in shares of Tompkins Financial during the 2nd quarter worth approximately $345,000. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler reiterated a “neutral” rating and set a $87.00 target price (up from $82.00) on shares of Tompkins Financial in a report on Tuesday, April 28th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $87.00.

Tompkins Financial Stock Performance

Shares of TMP opened at $85.80 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average price is $81.49 and its 200-day moving average price is $77.15. Tompkins Financial Corporation has a 52 week low of $59.67 and a 52 week high of $86.95. The stock has a market cap of $1.23 billion, a P/E ratio of 7.35 and a beta of 0.76.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its quarterly earnings results on Friday, April 24th. The financial services provider reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.11. Tompkins Financial had a return on equity of 11.27% and a net margin of 28.93%.The firm had revenue of $83.70 million for the quarter, compared to analysts’ expectations of $83.64 million. Equities research analysts anticipate that Tompkins Financial Corporation will post 7.55 earnings per share for the current fiscal year.

Tompkins Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, May 8th. Tompkins Financial’s payout ratio is currently 54.14%.

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.