Tompkins Financial Co. (NYSEAMERICAN:TMP) Stock Position Decreased by Rhumbline Advisers

Rhumbline Advisers cut its stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,673 shares of the financial services provider’s stock after selling 1,523 shares during the quarter. Rhumbline Advisers owned 0.28% of Tompkins Financial worth $1,989,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. John G Ullman & Associates Inc. boosted its position in shares of Tompkins Financial by 224.0% in the first quarter. John G Ullman & Associates Inc. now owns 101,865 shares of the financial services provider’s stock worth $5,123,000 after buying an additional 70,422 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Tompkins Financial by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 530,926 shares of the financial services provider’s stock worth $31,978,000 after buying an additional 22,252 shares during the period. ProShare Advisors LLC boosted its position in shares of Tompkins Financial by 13.5% in the first quarter. ProShare Advisors LLC now owns 155,834 shares of the financial services provider’s stock worth $7,837,000 after buying an additional 18,579 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Tompkins Financial in the first quarter worth $600,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Tompkins Financial by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 126,288 shares of the financial services provider’s stock worth $6,175,000 after buying an additional 11,140 shares during the period. 69.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TMP has been the subject of several recent research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $59.00 price objective (up from $50.00) on shares of Tompkins Financial in a report on Monday, July 29th. StockNews.com upgraded Tompkins Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd.

Tompkins Financial Price Performance

NYSEAMERICAN TMP opened at $61.74 on Friday. Tompkins Financial Co. has a twelve month low of $43.09 and a twelve month high of $65.54. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.14. The stock has a market cap of $889.06 million, a P/E ratio of 131.36 and a beta of 0.70.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its quarterly earnings data on Friday, July 26th. The financial services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.20. Tompkins Financial had a return on equity of 2.16% and a net margin of 4.11%. The business had revenue of $107.02 million during the quarter.

Tompkins Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 9th were paid a dividend of $0.61 per share. The ex-dividend date was Friday, August 9th. This represents a $2.44 annualized dividend and a yield of 3.95%. Tompkins Financial’s dividend payout ratio is 519.15%.

Tompkins Financial Profile

Tompkins Financial Corporation, a financial holding company, provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance services. The company operates through three segments: Banking, Insurance, and Wealth Management. It accepts various deposit products, including checking and savings accounts, time deposits, and IRA products, as well as brokered, reciprocal, and municipal money market deposits.