Tompkins Financial Corporation $TMP Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 31.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,997 shares of the financial services provider’s stock after selling 5,880 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Tompkins Financial worth $1,025,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TMP. Vanguard Group Inc. grew its holdings in Tompkins Financial by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 1,385,961 shares of the financial services provider’s stock valued at $100,510,000 after buying an additional 15,227 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Tompkins Financial by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 316,607 shares of the financial services provider’s stock valued at $22,962,000 after buying an additional 4,673 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in Tompkins Financial by 6.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 118,739 shares of the financial services provider’s stock valued at $7,862,000 after acquiring an additional 7,674 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Tompkins Financial by 43.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 102,891 shares of the financial services provider’s stock worth $7,462,000 after purchasing an additional 31,171 shares during the period. Finally, Invesco Ltd. grew its stake in Tompkins Financial by 95.9% during the second quarter. Invesco Ltd. now owns 98,191 shares of the financial services provider’s stock worth $6,160,000 after buying an additional 48,064 shares during the period. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Insider Transactions at Tompkins Financial

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 shares were purchased at an average price of $85.90 per share, for a total transaction of $99,987.60. Following the completion of the transaction, the director owned 11,849 shares in the company, valued at $1,017,829.10. This represents a 10.89% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.52% of the company’s stock.

Wall Street Analyst Weigh In

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

Tompkins Financial Stock Performance

Shares of NYSEAMERICAN TMP opened at $91.48 on Monday. The stock’s 50 day moving average price is $88.50 and its two-hundred day moving average price is $82.16. 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 $1.32 billion, a P/E ratio of 7.84 and a beta of 0.74. 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 (NYSEAMERICAN:TMP) last posted its earnings results on Friday, April 24th. The financial services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.71 by $0.11. Tompkins Financial had a return on equity of 11.27% and a net margin of 28.93%.The company had revenue of $83.69 million during the quarter, compared to analyst estimates of $83.64 million. On average, analysts anticipate that Tompkins Financial Corporation will post 7.55 earnings per share 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 issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, May 8th. Tompkins Financial’s dividend payout ratio is presently 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.