Intech Investment Management LLC Has $1.79 Million Stock Holdings in Tompkins Financial Corporation $TMP

Intech Investment Management LLC raised its holdings in Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 270.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,656 shares of the financial services provider’s stock after buying an additional 17,992 shares during the period. Intech Investment Management LLC owned about 0.17% of Tompkins Financial worth $1,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Invesco Ltd. lifted its position in Tompkins Financial by 95.9% in the 2nd quarter. Invesco Ltd. now owns 98,191 shares of the financial services provider’s stock valued at $6,160,000 after acquiring an additional 48,064 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Tompkins Financial by 207.4% during the first quarter. AQR Capital Management LLC now owns 35,941 shares of the financial services provider’s stock valued at $2,264,000 after buying an additional 24,249 shares during the last quarter. Jane Street Group LLC grew its holdings in Tompkins Financial by 290.9% during the first quarter. Jane Street Group LLC now owns 24,706 shares of the financial services provider’s stock worth $1,556,000 after buying an additional 18,385 shares in the last quarter. Vanguard Group Inc. raised its position in Tompkins Financial by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 1,385,961 shares of the financial services provider’s stock valued at $100,510,000 after buying an additional 15,227 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Tompkins Financial by 156.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 23,628 shares of the financial services provider’s stock valued at $1,483,000 after buying an additional 14,403 shares during the last quarter. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tompkins Financial

In related news, Director Ita M. Rahilly purchased 1,164 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average cost of $85.90 per share, with a total value of $99,987.60. Following the acquisition, the director owned 11,849 shares of the company’s stock, valued at $1,017,829.10. This represents a 10.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.52% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Piper Sandler reaffirmed a “neutral” rating and set a $87.00 price objective (up from $82.00) on shares of Tompkins Financial in a report on Tuesday, April 28th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Tompkins Financial presently has an average rating of “Hold” and a consensus target price of $87.00.

Tompkins Financial Price Performance

Tompkins Financial stock opened at $86.72 on Friday. Tompkins Financial Corporation has a 52 week low of $59.67 and a 52 week high of $87.90. The company’s 50 day moving average price is $83.56 and its two-hundred day moving average price is $78.43. The stock has a market cap of $1.25 billion, a P/E ratio of 7.43 and a beta of 0.75. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its quarterly earnings results on Friday, April 24th. The financial services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.11. The company had revenue of $83.70 million during the quarter, compared to the consensus estimate of $83.64 million. Tompkins Financial had a return on equity of 11.27% and a net margin of 28.93%. On average, equities analysts predict that Tompkins Financial Corporation will post 7.55 earnings per share for the current year.

Tompkins Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, May 8th. Tompkins Financial’s payout ratio is presently 54.14%.

About Tompkins Financial

Tompkins Financial (NYSEAMERICAN:TMP) is a bank holding company headquartered in Ithaca, New York, that provides a diversified range of financial services. Through its principal banking subsidiary, Tompkins Trust Company, the firm offers commercial and consumer banking products including checking and savings accounts, mortgage loans, and credit facilities. Beyond traditional banking, Tompkins Financial delivers asset management, trust and estate planning, retirement services and investment advisory solutions.

In addition to its core banking operations, Tompkins Financial operates Tompkins Insurance Agencies, which offers property and casualty, life and health insurance coverages to individuals and businesses.