State of New Jersey Common Pension Fund D Has $2.02 Million Stock Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

State of New Jersey Common Pension Fund D lessened its position in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 28.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 41,394 shares of the financial services provider’s stock after selling 16,680 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.29% of Tompkins Financial worth $2,024,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in Tompkins Financial by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 530,926 shares of the financial services provider’s stock worth $31,978,000 after acquiring an additional 22,252 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Tompkins Financial by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 163,688 shares of the financial services provider’s stock valued at $9,859,000 after purchasing an additional 9,442 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Tompkins Financial by 13.5% during the 1st quarter. ProShare Advisors LLC now owns 155,834 shares of the financial services provider’s stock worth $7,837,000 after purchasing an additional 18,579 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Tompkins Financial by 9.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 126,288 shares of the financial services provider’s stock worth $6,175,000 after buying an additional 11,140 shares during the last quarter. Finally, John G Ullman & Associates Inc. grew its position in Tompkins Financial by 224.0% during the first quarter. John G Ullman & Associates Inc. now owns 101,865 shares of the financial services provider’s stock valued at $5,123,000 after buying an additional 70,422 shares during the period. Institutional investors own 69.11% of the company’s stock.

Tompkins Financial Stock Performance

TMP stock opened at $58.89 on Friday. Tompkins Financial Co. has a 1-year low of $43.09 and a 1-year high of $65.54. The company has a market capitalization of $848.02 million, a P/E ratio of 125.30 and a beta of 0.70. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.14.

Tompkins Financial (NYSEAMERICAN:TMP) last released its earnings results on Friday, July 26th. The financial services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.20. Tompkins Financial had a return on equity of 2.16% and a net margin of 4.11%. The business had revenue of $107.02 million for the quarter.

Tompkins Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 9th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 4.14%. The ex-dividend date was Friday, August 9th. Tompkins Financial’s dividend payout ratio is currently 519.15%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $59.00 target price (up from $50.00) on shares of Tompkins Financial in a research report on Monday, July 29th. StockNews.com raised shares of Tompkins Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd.

About Tompkins Financial

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.