Baldwin Brothers Inc. MA Decreases Position in Tompkins Financial Co. (TMP)

Baldwin Brothers Inc. MA cut its holdings in Tompkins Financial Co. (AMEX:TMP) by 47.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,331 shares of the financial services provider’s stock after selling 3,857 shares during the period. Baldwin Brothers Inc. MA’s holdings in Tompkins Financial were worth $373,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan grew its stake in Tompkins Financial by 1.5% during the first quarter. Municipal Employees Retirement System of Michigan now owns 2,790 shares of the financial services provider’s stock worth $225,000 after buying an additional 40 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Tompkins Financial by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 10,861 shares of the financial services provider’s stock worth $855,000 after buying an additional 75 shares in the last quarter. Texas Permanent School Fund grew its stake in Tompkins Financial by 1.5% during the second quarter. Texas Permanent School Fund now owns 9,022 shares of the financial services provider’s stock worth $710,000 after buying an additional 137 shares in the last quarter. Legal & General Group Plc grew its stake in Tompkins Financial by 0.7% during the first quarter. Legal & General Group Plc now owns 22,729 shares of the financial services provider’s stock worth $1,832,000 after buying an additional 161 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Tompkins Financial by 16.8% during the first quarter. Victory Capital Management Inc. now owns 1,878 shares of the financial services provider’s stock worth $151,000 after buying an additional 270 shares in the last quarter.

Shares of Tompkins Financial Co. (TMP) traded up 1.1288% during midday trading on Tuesday, reaching $85.9999. 1,567 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $83.46 and a 200 day moving average price of $80.21. Tompkins Financial Co. has a 12 month low of $71.27 and a 12 month high of $96.70. The company has a market cap of $1.31 billion, a P/E ratio of 20.8738 and a beta of 0.77.

Tompkins Financial (AMEX:TMP) last announced its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.01. Tompkins Financial had a return on equity of 11.75% and a net margin of 25.03%. The firm had revenue of $68.20 million for the quarter. Equities research analysts forecast that Tompkins Financial Co. will post $4.42 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, November 7th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, November 6th. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a dividend yield of 2.21%. Tompkins Financial’s dividend payout ratio is currently 46.56%.

TMP has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upgraded shares of Tompkins Financial from an “underperform” rating to a “market perform” rating and increased their price objective for the stock from $80.00 to $81.00 in a research note on Monday, July 24th. BidaskClub downgraded shares of Tompkins Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th.

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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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Institutional Ownership by Quarter for Tompkins Financial (AMEX:TMP)

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