California State Teachers Retirement System lessened its holdings in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 9.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,921 shares of the financial services provider’s stock after selling 2,700 shares during the quarter. California State Teachers Retirement System owned 0.17% of Tompkins Financial worth $2,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in TMP. ProShare Advisors LLC bought a new position in shares of Tompkins Financial during the 2nd quarter worth $6,967,000. KCG Holdings Inc. bought a new position in shares of Tompkins Financial during the 1st quarter worth $362,000. Legal & General Group Plc grew its stake in shares of Tompkins Financial by 0.7% during the 1st quarter. Legal & General Group Plc now owns 22,729 shares of the financial services provider’s stock worth $1,832,000 after acquiring an additional 161 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Tompkins Financial by 68.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,666 shares of the financial services provider’s stock worth $367,000 after acquiring an additional 1,891 shares during the period. Finally, QCI Asset Management Inc. NY grew its stake in shares of Tompkins Financial by 1.6% during the 2nd quarter. QCI Asset Management Inc. NY now owns 19,579 shares of the financial services provider’s stock worth $1,541,000 after acquiring an additional 305 shares during the period.
Tompkins Financial Co. (NYSEAMERICAN TMP) opened at $81.61 on Wednesday. Tompkins Financial Co. has a 12 month low of $71.27 and a 12 month high of $96.70.
Tompkins Financial (NYSEAMERICAN:TMP) last issued its quarterly earnings data on Friday, October 27th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.01. The company had revenue of $68.20 million for the quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, November 7th will be issued a dividend of $0.47 per share. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.45. The ex-dividend date is Monday, November 6th. This represents a $1.88 dividend on an annualized basis and a yield of 2.30%. Tompkins Financial’s dividend payout ratio is 43.62%.
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TMP has been the subject of several research reports. Keefe, Bruyette & Woods upgraded Tompkins Financial from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $80.00 to $81.00 in a research note on Monday, July 24th. BidaskClub downgraded Tompkins Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th.
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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