Dimensional Fund Advisors LP lowered its stake in shares of Tompkins Financial Co. (AMEX:TMP) by 0.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 513,214 shares of the financial services provider’s stock after selling 1,182 shares during the period. Dimensional Fund Advisors LP owned approximately 3.40% of Tompkins Financial worth $40,401,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Parametric Portfolio Associates LLC boosted its holdings in Tompkins Financial by 9.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,361 shares of the financial services provider’s stock worth $2,390,000 after buying an additional 2,556 shares during the period. Nordea Investment Management AB raised its position in shares of Tompkins Financial by 4.8% during the 2nd quarter. Nordea Investment Management AB now owns 23,040 shares of the financial services provider’s stock valued at $1,814,000 after buying an additional 1,053 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co raised its position in shares of Tompkins Financial by 2.7% during the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 62,764 shares of the financial services provider’s stock valued at $4,941,000 after buying an additional 1,647 shares in the last quarter. Vanguard Group Inc. raised its position in Tompkins Financial by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,442,716 shares of the financial services provider’s stock worth $113,571,000 after purchasing an additional 42,726 shares during the period. Finally, Northern Trust Corp raised its position in Tompkins Financial by 1.3% in the 2nd quarter. Northern Trust Corp now owns 180,721 shares of the financial services provider’s stock worth $14,226,000 after purchasing an additional 2,264 shares during the period.
TMP has been the topic of a number of research reports. Keefe, Bruyette & Woods raised shares of Tompkins Financial from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $80.00 to $81.00 in a research note on Monday, July 24th. BidaskClub cut shares of Tompkins Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th.
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Tompkins Financial Co. (AMEX:TMP) traded down $0.80 on Friday, hitting $79.06. 14,875 shares of the stock traded hands, compared to its average volume of 27,251. Tompkins Financial Co. has a 1 year low of $71.27 and a 1 year high of $96.70.
Tompkins Financial (AMEX:TMP) last posted its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.01. The firm had revenue of $68.20 million during the quarter.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, November 7th will be paid a $0.47 dividend. The ex-dividend date is Monday, November 6th. This represents a $1.88 annualized dividend and a dividend yield of 2.38%. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.45. Tompkins Financial’s dividend payout ratio is currently 43.62%.
Tompkins Financial Company Profile
Tompkins Financial Corporation (Tompkins) is a financial holding company. The Company is a community-based financial services company that offers an array of products and services, including commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, insurance, and brokerage services.
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