Cardinal Capital Management Acquires 4,433 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP)

Cardinal Capital Management increased its holdings in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 62.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,559 shares of the financial services provider’s stock after acquiring an additional 4,433 shares during the quarter. Cardinal Capital Management owned approximately 0.08% of Tompkins Financial worth $581,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in shares of Tompkins Financial by 107.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,801 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 932 shares during the last quarter. Virtu Financial LLC purchased a new stake in Tompkins Financial in the fourth quarter worth $318,000. Quadrant Capital Group LLC raised its stake in shares of Tompkins Financial by 736.8% in the fourth quarter. Quadrant Capital Group LLC now owns 2,686 shares of the financial services provider’s stock valued at $162,000 after buying an additional 2,365 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Tompkins Financial by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 530,926 shares of the financial services provider’s stock valued at $31,978,000 after buying an additional 22,252 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted 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 buying an additional 9,442 shares during the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Tompkins Financial Stock Up 1.9 %

Shares of NYSEAMERICAN:TMP opened at $46.57 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.78. The stock has a market cap of $670.61 million, a PE ratio of 99.09 and a beta of 0.70. Tompkins Financial Co. has a 12 month low of $43.09 and a 12 month high of $65.54.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its earnings results on Friday, April 26th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.04). Tompkins Financial had a net margin of 2.16% and a return on equity of 1.08%. The business had revenue of $72.81 million for the quarter, compared to analysts’ expectations of $74.91 million. Equities analysts expect that Tompkins Financial Co. will post 4.21 earnings per share for the current year.

Tompkins Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 10th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date was Thursday, May 9th. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.52. Tompkins Financial’s dividend payout ratio is 519.15%.

Insider Buying and Selling at Tompkins Financial

In related news, Director Janet M. Coletti acquired 1,000 shares of the stock in a transaction on Thursday, May 16th. The stock was acquired at an average price of $47.91 per share, for a total transaction of $47,910.00. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at $95,820. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TMP shares. StockNews.com upgraded Tompkins Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $50.00 target price (down previously from $55.00) on shares of Tompkins Financial in a report on Friday, May 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.