Tompkins Financial Co. (TMP) Position Increased by Wells Fargo & Company MN

Wells Fargo & Company MN increased its position in shares of Tompkins Financial Co. (AMEX:TMP) by 7.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,963 shares of the financial services provider’s stock after buying an additional 1,043 shares during the period. Wells Fargo & Company MN owned 0.11% of Tompkins Financial worth $1,257,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its position in Tompkins Financial by 39,367.6% during the first quarter. BlackRock Inc. now owns 1,600,016 shares of the financial services provider’s stock worth $128,880,000 after acquiring an additional 1,595,962 shares during the period. Vanguard Group Inc. raised its position in Tompkins Financial by 7.2% during the first quarter. Vanguard Group Inc. now owns 1,399,990 shares of the financial services provider’s stock worth $112,769,000 after acquiring an additional 93,919 shares during the period. Principal Financial Group Inc. raised its position in Tompkins Financial by 6.9% during the first quarter. Principal Financial Group Inc. now owns 99,355 shares of the financial services provider’s stock worth $8,003,000 after acquiring an additional 6,417 shares during the period. State Street Corp raised its position in Tompkins Financial by 1.9% during the first quarter. State Street Corp now owns 332,174 shares of the financial services provider’s stock worth $26,753,000 after acquiring an additional 6,171 shares during the period. Finally, Bank of America Corp DE raised its position in Tompkins Financial by 32.7% during the first quarter. Bank of America Corp DE now owns 24,809 shares of the financial services provider’s stock worth $1,998,000 after acquiring an additional 6,117 shares during the period.

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A number of equities analysts have weighed in on TMP shares. BidaskClub cut shares of Tompkins Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Keefe, Bruyette & Woods upgraded shares of Tompkins Financial from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $80.00 to $81.00 in a research report on Monday, July 24th.

Tompkins Financial Co. (AMEX TMP) opened at 87.12 on Wednesday. The firm’s 50-day moving average is $83.83 and its 200-day moving average is $80.26. The firm has a market capitalization of $1.32 billion, a PE ratio of 21.15 and a beta of 0.77. Tompkins Financial Co. has a 52-week low of $71.27 and a 52-week high of $96.70.

Tompkins Financial (AMEX:TMP) last issued its earnings results on Friday, October 27th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.13 by $0.01. The company had revenue of $68.20 million for the quarter. Tompkins Financial had a net margin of 25.03% and a return on equity of 11.75%. On average, analysts anticipate that Tompkins Financial Co. will post $4.44 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, November 7th will be given a dividend of $0.47 per share. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Monday, November 6th. Tompkins Financial’s payout ratio is presently 46.56%.

Tompkins Financial 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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