StrategIQ Financial Group LLC Sells 813 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP)

StrategIQ Financial Group LLC lessened its position in shares of Tompkins Financial Co. (NYSEAMERICAN:TMPFree Report) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,815 shares of the financial services provider’s stock after selling 813 shares during the period. StrategIQ Financial Group LLC’s holdings in Tompkins Financial were worth $712,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TMP. LVW Advisors LLC bought a new stake in shares of Tompkins Financial during the 4th quarter valued at $246,000. SG Americas Securities LLC grew its stake in Tompkins Financial by 31.3% during the fourth quarter. SG Americas Securities LLC now owns 3,718 shares of the financial services provider’s stock worth $224,000 after buying an additional 887 shares in the last quarter. Tompkins Financial Corp increased its holdings in Tompkins Financial by 1.6% in the 4th quarter. Tompkins Financial Corp now owns 1,181,017 shares of the financial services provider’s stock valued at $71,133,000 after buying an additional 18,305 shares during the period. Massmutual Trust Co. FSB ADV bought a new position in Tompkins Financial in the 4th quarter valued at about $27,000. Finally, American Century Companies Inc. lifted its holdings in shares of Tompkins Financial by 10.0% during the 3rd quarter. American Century Companies Inc. now owns 100,425 shares of the financial services provider’s stock worth $4,920,000 after acquiring an additional 9,108 shares during the period. Institutional investors and hedge funds own 69.11% of the company’s stock.

Tompkins Financial Stock Up 0.1 %

NYSEAMERICAN TMP traded up $0.05 during trading on Wednesday, hitting $47.73. 4,212 shares of the company’s stock were exchanged, compared to its average volume of 69,286. The company has a market cap of $687.79 million, a price-to-earnings ratio of 76.41 and a beta of 0.65. Tompkins Financial Co. has a fifty-two week low of $46.31 and a fifty-two week high of $65.54. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.90.

Tompkins Financial (NYSEAMERICAN:TMPGet Free Report) last announced its quarterly earnings results on Friday, January 26th. The financial services provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.22). The firm had revenue of $71.21 million during the quarter, compared to the consensus estimate of $74.58 million. Tompkins Financial had a net margin of 3.09% and a return on equity of 1.48%. As a group, analysts forecast that Tompkins Financial Co. will post 4.94 earnings per share for the current fiscal year.

Tompkins Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 9th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.40 annualized dividend and a yield of 5.03%. Tompkins Financial’s dividend payout ratio is presently 375.00%.

Wall Street Analysts Forecast Growth

Separately, upgraded Tompkins Financial to a “sell” rating in a research note on Friday, January 12th.

Get Our Latest Stock Report on Tompkins Financial

Insiders Place Their Bets

In related news, Director Ita M. Rahilly bought 1,982 shares of Tompkins Financial stock in a transaction that occurred on Tuesday, February 20th. The shares were acquired at an average cost of $50.46 per share, for a total transaction of $100,011.72. Following the completion of the acquisition, the director now directly owns 8,454 shares of the company’s stock, valued at approximately $426,588.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.31% of the company’s stock.

About Tompkins Financial

(Free Report)

Tompkins Financial Corporation, a financial holding company, provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance services. The company operates through three segments: Banking, Insurance, and Wealth Management. It accepts various deposit products, including checking and savings accounts, time deposits, and IRA products, as well as brokered, reciprocal, and municipal money market deposits.

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

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