Cornell Pochily Investment Advisors Inc. Has $6.82 Million Stake in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Cornell Pochily Investment Advisors Inc. decreased its holdings in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 113,156 shares of the financial services provider’s stock after selling 9,328 shares during the quarter. Tompkins Financial makes up about 2.8% of Cornell Pochily Investment Advisors Inc.’s holdings, making the stock its 6th biggest position. Cornell Pochily Investment Advisors Inc. owned approximately 0.79% of Tompkins Financial worth $6,815,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pathstone Family Office LLC grew its holdings in Tompkins Financial by 4.1% during the third quarter. Pathstone Family Office LLC now owns 3,201 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 125 shares during the period. FMR LLC lifted its holdings in shares of Tompkins Financial by 1.8% in the second quarter. FMR LLC now owns 8,140 shares of the financial services provider’s stock worth $587,000 after acquiring an additional 143 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Tompkins Financial by 11.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,559 shares of the financial services provider’s stock worth $121,000 after buying an additional 166 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Tompkins Financial by 3.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,525 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 188 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Tompkins Financial by 5.5% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 3,858 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 200 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Tompkins Financial to a “sell” rating in a research report on Friday, January 12th.

Insider Buying and Selling

In other Tompkins Financial news, Director Ita M. Rahilly purchased 1,982 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were bought at an average price of $50.46 per share, with a total value of $100,011.72. Following the completion of the acquisition, the director now owns 8,454 shares in the company, valued at approximately $426,588.84. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.31% of the company’s stock.

Tompkins Financial Stock Performance

TMP stock traded up $0.36 during mid-day trading on Thursday, reaching $50.00. 9,668 shares of the company’s stock were exchanged, compared to its average volume of 69,728. Tompkins Financial Co. has a 12-month low of $46.31 and a 12-month high of $67.73. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $720.50 million, a P/E ratio of 74.69 and a beta of 0.64.

Tompkins Financial (NYSEAMERICAN:TMP) last released its quarterly earnings data on Friday, January 26th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.22). The business had revenue of $71.21 million for the quarter, compared to analyst estimates of $74.58 million. Tompkins Financial had a return on equity of 1.48% and a net margin of 3.09%. Analysts expect that Tompkins Financial Co. will post 4.94 EPS for the current fiscal year.

Tompkins Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 9th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.80%. The ex-dividend date was Thursday, February 8th. Tompkins Financial’s dividend payout ratio (DPR) is currently 375.00%.

Tompkins Financial Company Profile

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.