Tompkins Financial Co. (NYSEAMERICAN:TMP) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its stake in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 10.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,425 shares of the financial services provider’s stock after acquiring an additional 9,108 shares during the period. American Century Companies Inc. owned approximately 0.70% of Tompkins Financial worth $4,920,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TMP. Citigroup Inc. grew its holdings in Tompkins Financial by 8.0% during the first quarter. Citigroup Inc. now owns 10,599 shares of the financial services provider’s stock worth $830,000 after acquiring an additional 789 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Tompkins Financial by 11.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,559 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 166 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of Tompkins Financial by 55.2% in the 1st quarter. MetLife Investment Management LLC now owns 7,916 shares of the financial services provider’s stock worth $620,000 after purchasing an additional 2,817 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Tompkins Financial by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,236 shares of the financial services provider’s stock worth $801,000 after purchasing an additional 1,262 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Tompkins Financial by 3.1% in the first quarter. Great West Life Assurance Co. Can now owns 10,879 shares of the financial services provider’s stock valued at $872,000 after buying an additional 327 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

Analyst Upgrades and Downgrades

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 Tompkins Financial stock in a transaction that occurred on Tuesday, February 20th. The stock was purchased at an average cost of $50.46 per share, for a total transaction of $100,011.72. Following the acquisition, the director now owns 8,454 shares in the company, valued at $426,588.84. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.31% of the stock is owned by insiders.

Tompkins Financial Trading Up 4.2 %

Shares of TMP opened at $49.64 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $715.31 million, a PE ratio of 77.56 and a beta of 0.64. Tompkins Financial Co. has a fifty-two week low of $46.31 and a fifty-two week high of $67.73.

Tompkins Financial (NYSEAMERICAN:TMP) last released its earnings results on Friday, January 26th. The financial services provider reported $1.05 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $74.58 million. Sell-side analysts predict that Tompkins Financial Co. will post 4.94 EPS for the current fiscal year.

Tompkins Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 9th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.83%. The ex-dividend date was Thursday, February 8th. Tompkins Financial’s payout ratio is presently 375.00%.

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.