5,600 Shares in Tompkins Financial Corporation $TMP Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in Tompkins Financial Corporation (NYSEAMERICAN:TMP) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,600 shares of the financial services provider’s stock, valued at approximately $442,000.

Several other institutional investors have also modified their holdings of TMP. Millennium Management LLC increased its position in shares of Tompkins Financial by 1.1% during the fourth quarter. Millennium Management LLC now owns 16,863 shares of the financial services provider’s stock worth $1,223,000 after acquiring an additional 183 shares during the period. WINTON GROUP Ltd boosted its holdings in Tompkins Financial by 1.1% in the fourth quarter. WINTON GROUP Ltd now owns 19,263 shares of the financial services provider’s stock valued at $1,397,000 after purchasing an additional 206 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Tompkins Financial by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,556 shares of the financial services provider’s stock valued at $476,000 after purchasing an additional 311 shares during the period. Cardinal Capital Management grew its stake in Tompkins Financial by 1.4% during the 4th quarter. Cardinal Capital Management now owns 23,419 shares of the financial services provider’s stock worth $1,698,000 after purchasing an additional 328 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Tompkins Financial by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,982 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 378 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

Tompkins Financial Trading Down 2.6%

NYSEAMERICAN TMP opened at $91.09 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47. Tompkins Financial Corporation has a 52 week low of $61.21 and a 52 week high of $97.12. The stock has a market capitalization of $1.31 billion, a PE ratio of 7.81 and a beta of 0.74. The firm has a 50 day moving average of $88.22 and a two-hundred day moving average of $81.92.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its quarterly earnings data on Friday, April 24th. The financial services provider reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.11. The business had revenue of $83.69 million for the quarter, compared to analyst estimates of $83.64 million. Tompkins Financial had a net margin of 28.93% and a return on equity of 11.27%. As a group, research analysts expect that Tompkins Financial Corporation will post 7.55 EPS for the current fiscal year.

Tompkins Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were paid a $0.67 dividend. The ex-dividend date was Friday, May 8th. This represents a $2.68 dividend on an annualized basis and a yield of 2.9%. Tompkins Financial’s dividend payout ratio (DPR) is currently 54.14%.

Insiders Place Their Bets

In other Tompkins Financial news, Director Ita M. Rahilly purchased 1,164 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was bought at an average cost of $85.90 per share, with a total value of $99,987.60. Following the acquisition, the director directly owned 11,849 shares of the company’s stock, valued at approximately $1,017,829.10. This represents a 10.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.52% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Piper Sandler reaffirmed a “neutral” rating and issued a $87.00 price target (up from $82.00) on shares of Tompkins Financial in a research report on Tuesday, April 28th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $87.00.

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.