Tompkins Financial Co. (NYSEAMERICAN:TMP) is Cornell Pochily Investment Advisors Inc.’s 6th Largest Position

Cornell Pochily Investment Advisors Inc. reduced its stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 7.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 113,156 shares of the financial services provider’s stock after selling 9,328 shares during the quarter. Tompkins Financial accounts for approximately 2.8% of Cornell Pochily Investment Advisors Inc.’s portfolio, making the stock its 6th largest position. Cornell Pochily Investment Advisors Inc.’s holdings in Tompkins Financial were worth $6,815,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in TMP. Massmutual Trust Co. FSB ADV purchased a new position in shares of Tompkins Financial during the fourth quarter valued at about $27,000. Lazard Asset Management LLC bought a new position in Tompkins Financial during the fourth quarter valued at approximately $28,000. CNB Bank bought a new position in Tompkins Financial during the third quarter valued at approximately $28,000. Captrust Financial Advisors raised its position in Tompkins Financial by 192.3% in the first quarter. Captrust Financial Advisors now owns 532 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 350 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Tompkins Financial in the second quarter worth $76,000. 69.11% of the stock is owned by institutional investors.

Tompkins Financial Stock Up 0.7 %

Shares of Tompkins Financial stock traded up $0.36 on Thursday, reaching $50.00. The stock had a trading volume of 9,668 shares, compared to its average volume of 69,728. The company has a market cap of $720.50 million, a P/E ratio of 74.69 and a beta of 0.64. Tompkins Financial Co. has a 1 year low of $46.31 and a 1 year high of $67.73. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.90.

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

Tompkins Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Ita M. Rahilly bought 1,982 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were purchased at an average cost of $50.46 per share, with a total value of $100,011.72. Following the completion of the transaction, the director now directly owns 8,454 shares of the company’s stock, valued at $426,588.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.31% of the company’s stock.

Tompkins Financial 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.