Comerica Bank lessened its position in Tompkins Financial Co. (AMEX:TMP) by 4.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,976 shares of the financial services provider’s stock after selling 669 shares during the period. Comerica Bank owned approximately 0.09% of Tompkins Financial worth $1,017,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its holdings in shares of Tompkins Financial by 9.5% in the 2nd quarter. Legal & General Group Plc now owns 24,897 shares of the financial services provider’s stock worth $1,961,000 after acquiring an additional 2,168 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Tompkins Financial in the 2nd quarter worth about $278,000. Wedge Capital Management L L P NC increased its holdings in shares of Tompkins Financial by 13.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 4,249 shares of the financial services provider’s stock worth $334,000 after acquiring an additional 508 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Tompkins Financial by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 59,551 shares of the financial services provider’s stock worth $4,688,000 after acquiring an additional 579 shares during the period. Finally, Texas Permanent School Fund increased its holdings in shares of Tompkins Financial by 1.5% in the 2nd quarter. Texas Permanent School Fund now owns 9,022 shares of the financial services provider’s stock worth $710,000 after acquiring an additional 137 shares during the period.
A number of analysts recently weighed in on TMP shares. BidaskClub cut shares of Tompkins Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Keefe, Bruyette & Woods raised shares of Tompkins Financial from an “underperform” rating to a “market perform” rating and increased their price objective for the stock from $80.00 to $81.00 in a report on Monday, July 24th.
Shares of Tompkins Financial Co. (AMEX TMP) opened at 78.04 on Tuesday. The company has a 50 day moving average of $75.64 and a 200-day moving average of $79.60. The firm has a market cap of $1.19 billion, a PE ratio of 18.94 and a beta of 0.77. Tompkins Financial Co. has a 12-month low of $71.27 and a 12-month high of $96.70.
Tompkins Financial (AMEX:TMP) last issued its earnings results on Friday, July 21st. The financial services provider reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.06. Tompkins Financial had a net margin of 25.03% and a return on equity of 11.75%. The company had revenue of $67.75 million for the quarter. Equities research analysts forecast that Tompkins Financial Co. will post $4.42 EPS for the current fiscal year.
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Tompkins Financial 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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