Alesco Advisors LLC Makes New $229,000 Investment in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Alesco Advisors LLC bought a new position in Tompkins Financial Co. (NYSEAMERICAN:TMP) during the fourth quarter, Holdings Channel reports. The institutional investor bought 3,796 shares of the financial services provider’s stock, valued at approximately $229,000.

Several other large investors also recently made changes to their positions in the company. Cornell University acquired a new stake in shares of Tompkins Financial in the fourth quarter valued at approximately $1,898,000. Signaturefd LLC grew its position in Tompkins Financial by 366.7% in the fourth quarter. Signaturefd LLC now owns 490 shares of the financial services provider’s stock worth $30,000 after buying an additional 385 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in Tompkins Financial in the fourth quarter worth approximately $373,000. Tritonpoint Wealth LLC acquired a new position in Tompkins Financial in the fourth quarter worth approximately $285,000. Finally, Arizona State Retirement System acquired a new position in Tompkins Financial in the fourth quarter worth approximately $206,000. Institutional investors and hedge funds own 69.11% of the company’s stock.

Analyst Upgrades and Downgrades

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 news, Director Ita M. Rahilly acquired 1,982 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was purchased at an average price of $50.46 per share, with a total value of $100,011.72. Following the purchase, the director now owns 8,454 shares of the company’s stock, valued at approximately $426,588.84. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 4.50% of the company’s stock.

Tompkins Financial Trading Up 1.0 %

Tompkins Financial stock traded up $0.48 during mid-day trading on Friday, hitting $46.33. The company’s stock had a trading volume of 38,283 shares, compared to its average volume of 66,868. Tompkins Financial Co. has a twelve month low of $43.09 and a twelve month high of $65.54. 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 firm has a market cap of $667.62 million, a price-to-earnings ratio of 72.39 and a beta of 0.65.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its quarterly earnings data on Friday, January 26th. The financial services provider reported $1.05 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 firm had revenue of $71.21 million during the quarter, compared to analyst estimates of $74.58 million. On average, research analysts predict that Tompkins Financial Co. will post 4.94 EPS for the current fiscal year.

Tompkins Financial Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 10th will be paid a $0.61 dividend. This is a positive change from Tompkins Financial’s previous dividend of $0.52. The ex-dividend date of this dividend is Thursday, May 9th. Tompkins Financial’s dividend payout ratio (DPR) is currently 375.00%.

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.