Nationwide Fund Advisors Has $642,000 Stake in Tompkins Financial Co. (TMP)
Nationwide Fund Advisors cut its position in Tompkins Financial Co. (AMEX:TMP) by 5.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,153 shares of the financial services provider’s stock after selling 511 shares during the quarter. Nationwide Fund Advisors owned 0.05% of Tompkins Financial worth $642,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of TMP. BlackRock Inc. raised its position in shares of Tompkins Financial by 39,367.6% in the 1st quarter. BlackRock Inc. now owns 1,600,016 shares of the financial services provider’s stock valued at $128,880,000 after buying an additional 1,595,962 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Tompkins Financial by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 1,399,990 shares of the financial services provider’s stock valued at $112,769,000 after buying an additional 93,919 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Tompkins Financial by 6.9% in the 1st quarter. Principal Financial Group Inc. now owns 99,355 shares of the financial services provider’s stock valued at $8,003,000 after buying an additional 6,417 shares in the last quarter. State Street Corp raised its position in shares of Tompkins Financial by 1.9% in the 1st quarter. State Street Corp now owns 332,174 shares of the financial services provider’s stock valued at $26,753,000 after buying an additional 6,171 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Tompkins Financial by 32.7% in the 1st quarter. Bank of America Corp DE now owns 24,809 shares of the financial services provider’s stock valued at $1,998,000 after buying an additional 6,117 shares in the last quarter.
Tompkins Financial Co. (AMEX:TMP) opened at 87.12 on Wednesday. Tompkins Financial Co. has a 52-week low of $71.27 and a 52-week high of $96.70. The company’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 (AMEX:TMP) last released its quarterly earnings data on Friday, October 27th. The financial services provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.01. Tompkins Financial had a net margin of 25.03% and a return on equity of 11.75%. The company had revenue of $68.20 million during the quarter. Analysts forecast that Tompkins Financial Co. will post $4.44 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, November 7th will be paid a $0.47 dividend. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Monday, November 6th. Tompkins Financial’s dividend payout ratio (DPR) is currently 46.56%.
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TMP has been the subject of several analyst reports. Keefe, Bruyette & Woods upgraded shares of Tompkins Financial from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $80.00 to $81.00 in a research report on Monday, July 24th. BidaskClub cut shares of Tompkins Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th.
About Tompkins Financial
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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