Bank of New York Mellon Corp decreased its position in Tompkins Financial Co. (AMEX:TMP) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 198,197 shares of the financial services provider’s stock after selling 1,463 shares during the quarter. Bank of New York Mellon Corp owned 1.31% of Tompkins Financial worth $15,602,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new stake in Tompkins Financial in the first quarter valued at approximately $101,000. Victory Capital Management Inc. raised its position in Tompkins Financial by 16.8% in the first quarter. Victory Capital Management Inc. now owns 1,878 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 270 shares during the period. State of Alaska Department of Revenue raised its position in Tompkins Financial by 81.0% in the second quarter. State of Alaska Department of Revenue now owns 2,443 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 1,093 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Tompkins Financial by 8.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,507 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 204 shares during the period. Finally, OppenheimerFunds Inc. purchased a new stake in Tompkins Financial in the first quarter valued at approximately $215,000.
Shares of Tompkins Financial Co. (TMP) opened at 79.80 on Thursday. The stock’s 50 day moving average price is $75.63 and its 200-day moving average price is $79.52. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 19.37 and a beta of 0.77. Tompkins Financial Co. has a 52-week low of $71.27 and a 52-week high of $96.70.
Tompkins Financial (AMEX:TMP) last announced its quarterly earnings results on Friday, July 21st. The financial services provider reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.06. The company had revenue of $67.75 million for the quarter. Tompkins Financial had a net margin of 25.03% and a return on equity of 11.75%. On average, analysts predict that Tompkins Financial Co. will post $4.42 earnings per share for the current fiscal year.
A number of brokerages have issued reports on TMP. BidaskClub raised Tompkins Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Keefe, Bruyette & Woods raised Tompkins Financial from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $80.00 to $81.00 in a research report on Monday, July 24th.
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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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