Gallagher Fiduciary Advisors LLC Purchases Shares of 7,330 Tompkins Financial Corporation $TMP

Gallagher Fiduciary Advisors LLC purchased a new position in Tompkins Financial Corporation (NYSEAMERICAN:TMP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,330 shares of the financial services provider’s stock, valued at approximately $693,000. Gallagher Fiduciary Advisors LLC owned approximately 0.05% of Tompkins Financial as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TMP. BlackRock Inc. acquired a new position in shares of Tompkins Financial during the second quarter worth about $193,740,000. Bank of New York Mellon Corp acquired a new stake in Tompkins Financial in the second quarter valued at approximately $11,459,000. Hillsdale Investment Management Inc. acquired a new stake in Tompkins Financial in the first quarter valued at approximately $7,340,000. Rhino Investment Partners Inc lifted its stake in Tompkins Financial by 88.5% in the first quarter. Rhino Investment Partners Inc now owns 166,941 shares of the financial services provider’s stock worth $13,162,000 after acquiring an additional 78,391 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new position in Tompkins Financial in the fourth quarter worth approximately $4,351,000. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on TMP. Keefe, Bruyette & Woods boosted their price target on shares of Tompkins Financial from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Piper Sandler lifted their price objective on shares of Tompkins Financial from $87.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $104.50.

Tompkins Financial Trading Down 0.2%

NYSEAMERICAN:TMP opened at $97.70 on Wednesday. Tompkins Financial Corporation has a 1 year low of $61.88 and a 1 year high of $102.58. The stock has a market cap of $1.40 billion, a P/E ratio of 8.00 and a beta of 0.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50-day simple moving average of $95.87 and a 200-day simple moving average of $87.14.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its earnings results on Friday, July 24th. The financial services provider reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.22. The business had revenue of $87.12 million for the quarter, compared to analyst estimates of $86.93 million. Tompkins Financial had a return on equity of 11.52% and a net margin of 30.13%. As a group, analysts anticipate that Tompkins Financial Corporation will post 7.75 earnings per share for the current fiscal year.

Tompkins Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 7th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, August 7th. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.67. This represents a $2.80 dividend on an annualized basis and a yield of 2.9%. Tompkins Financial’s dividend payout ratio is 56.57%.

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.