KCG Holdings Inc. purchased a new stake in shares of Tompkins Financial Co. (AMEX:TMP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,498 shares of the financial services provider’s stock, valued at approximately $362,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Teachers Advisors LLC boosted its stake in Tompkins Financial by 13.8% in the fourth quarter. Teachers Advisors LLC now owns 27,093 shares of the financial services provider’s stock worth $2,561,000 after buying an additional 3,286 shares during the period. Tompkins Financial Corp raised its stake in shares of Tompkins Financial by 4.8% in the first quarter. Tompkins Financial Corp now owns 533,004 shares of the financial services provider’s stock worth $34,112,000 after buying an additional 24,188 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Tompkins Financial by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 5,000 shares of the financial services provider’s stock worth $403,000 after buying an additional 100 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Tompkins Financial by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 1,350 shares of the financial services provider’s stock worth $108,000 after buying an additional 30 shares in the last quarter. Finally, Cardinal Capital Management raised its stake in shares of Tompkins Financial by 2.7% in the first quarter. Cardinal Capital Management now owns 6,504 shares of the financial services provider’s stock worth $524,000 after buying an additional 170 shares in the last quarter.
Shares of Tompkins Financial Co. (TMP) traded down 0.51% during trading on Friday, hitting $78.58. The stock had a trading volume of 39,039 shares. The stock’s 50 day moving average is $80.07 and its 200-day moving average is $83.22. The company has a market cap of $1.19 billion, a PE ratio of 19.00 and a beta of 0.77. Tompkins Financial Co. has a 12-month low of $69.46 and a 12-month high of $96.70.
Tompkins Financial (AMEX:TMP) last posted its quarterly earnings results on Friday, July 21st. The financial services provider reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.06. The company had revenue of $67.75 million during the quarter. Analysts forecast that Tompkins Financial Co. will post $4.42 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, July 28th. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.29%. Tompkins Financial’s dividend payout ratio is currently 46.56%.
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A number of analysts have recently issued reports on TMP shares. BidaskClub raised Tompkins Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods raised Tompkins Financial from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $80.00 to $81.00 in a research note on Monday, July 24th.
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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