Public Sector Pension Investment Board Has $3.28 Million Holdings in Tompkins Financial Corporation $TMP

Public Sector Pension Investment Board lifted its position in Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 15.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,494 shares of the financial services provider’s stock after purchasing an additional 6,711 shares during the quarter. Public Sector Pension Investment Board owned 0.34% of Tompkins Financial worth $3,277,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

TMP has been the subject of a number of recent research reports. Piper Sandler assumed coverage on Tompkins Financial in a report on Wednesday, December 3rd. They issued a “neutral” rating and a $74.00 target price for the company. Zacks Research upgraded Tompkins Financial to a “hold” rating in a research report on Thursday, December 4th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, Tompkins Financial currently has a consensus rating of “Hold” and a consensus target price of $74.00.

Tompkins Financial Price Performance

Shares of TMP stock opened at $83.00 on Friday. Tompkins Financial Corporation has a 1 year low of $54.16 and a 1 year high of $86.95. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average is $77.61 and its 200-day moving average is $71.09. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 7.40 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 for the quarter, topping the consensus estimate of $1.77 by $0.01. Tompkins Financial had a net margin of 27.82% and a return on equity of 11.19%. The firm had revenue of $257.30 million during the quarter, compared to analysts’ expectations of $136.16 million. Sell-side analysts forecast that Tompkins Financial Corporation will post 5.46 EPS for the current fiscal year.

Tompkins Financial Increases Dividend

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

About Tompkins Financial

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.