Signature Estate & Investment Advisors LLC bought a new stake in shares of Tompkins Financial Co. (AMEX:TMP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,436 shares of the financial services provider’s stock, valued at approximately $124,000.
A number of other hedge funds have also added to or reduced their stakes in TMP. KBC Group NV lifted its stake in Tompkins Financial by 689.5% during the second quarter. KBC Group NV now owns 2,021 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,765 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Tompkins Financial by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,209 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 331 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Tompkins Financial by 81.0% during 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 acquiring an additional 1,093 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of Tompkins Financial during the second quarter valued at approximately $210,000. Finally, OppenheimerFunds Inc. acquired a new stake in shares of Tompkins Financial during the first quarter valued at approximately $215,000.
A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upgraded shares of Tompkins Financial from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $80.00 to $81.00 in a report on Monday, July 24th. BidaskClub lowered shares of Tompkins Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th.
Tompkins Financial Co. (AMEX:TMP) traded down $0.53 during mid-day trading on Tuesday, hitting $80.65. 14,716 shares of the stock were exchanged, compared to its average volume of 26,062. Tompkins Financial Co. has a twelve month low of $71.27 and a twelve month high of $96.70.
Tompkins Financial (AMEX:TMP) last released its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.01. The firm had revenue of $68.20 million for the quarter.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, November 7th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.33%. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.45. Tompkins Financial’s payout ratio is currently 43.62%.
COPYRIGHT VIOLATION NOTICE: “Signature Estate & Investment Advisors LLC Buys Shares of 1,436 Tompkins Financial Co. (TMP)” was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://transcriptdaily.com/2017/11/14/signature-estate-investment-advisors-llc-buys-shares-of-1436-tompkins-financial-co-tmp.html.
About Tompkins Financial
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.
Want to see what other hedge funds are holding TMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tompkins Financial Co. (AMEX:TMP).
Receive News & Ratings for Tompkins Financial Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tompkins Financial Co. and related companies with MarketBeat.com's FREE daily email newsletter.