EntryPoint Capital LLC Increases Holdings in Tompkins Financial Co. (NYSEAMERICAN:TMP)

EntryPoint Capital LLC boosted its position in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 88.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,474 shares of the financial services provider’s stock after purchasing an additional 691 shares during the quarter. EntryPoint Capital LLC’s holdings in Tompkins Financial were worth $74,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position 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 valued at $31,978,000 after purchasing an additional 22,252 shares in the last quarter. Cornell University purchased a new stake in shares of Tompkins Financial during the fourth quarter worth about $1,898,000. Charles Schwab Investment Management Inc. raised its position in shares of Tompkins Financial by 6.1% in 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 lifted its stake in shares of Tompkins Financial by 13.5% during the first quarter. ProShare Advisors LLC now owns 155,834 shares of the financial services provider’s stock worth $7,837,000 after buying an additional 18,579 shares during the period. Finally, John G Ullman & Associates Inc. increased its position in shares of Tompkins Financial by 224.0% in the 1st quarter. John G Ullman & Associates Inc. now owns 101,865 shares of the financial services provider’s stock valued at $5,123,000 after acquiring an additional 70,422 shares during the period. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tompkins Financial

In related news, Director Janet M. Coletti acquired 1,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were bought at an average cost of $47.91 per share, with a total value of $47,910.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at $95,820. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.50% of the stock is owned by insiders.

Tompkins Financial Stock Performance

Shares of TMP opened at $63.80 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.78. Tompkins Financial Co. has a 52 week low of $43.09 and a 52 week high of $65.54. The stock has a market capitalization of $918.72 million, a PE ratio of 136.51 and a beta of 0.70.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its earnings results on Friday, April 26th. The financial services provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.04). Tompkins Financial had a net margin of 2.16% and a return on equity of 1.08%. The firm had revenue of $72.81 million during the quarter, compared to analyst estimates of $74.91 million.

Tompkins Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 9th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Friday, August 9th. Tompkins Financial’s dividend payout ratio is 519.15%.

Analysts Set New Price Targets

Several analysts have weighed in on TMP shares. StockNews.com downgraded Tompkins Financial from a “hold” rating to a “sell” rating in a research note on Monday, July 22nd. 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.