Barclays PLC Boosts Stake in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Barclays PLC raised its position in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) by 115.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,878 shares of the financial services provider's stock after buying an additional 13,878 shares during the period. Barclays PLC owned about 0.18% of Tompkins Financial worth $1,496,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TMP. FMR LLC raised its holdings in shares of Tompkins Financial by 14.3% during the third quarter. FMR LLC now owns 1,731 shares of the financial services provider's stock valued at $100,000 after acquiring an additional 216 shares in the last quarter. nVerses Capital LLC raised its holdings in Tompkins Financial by 100.0% in the 3rd quarter. nVerses Capital LLC now owns 600 shares of the financial services provider's stock worth $35,000 after purchasing an additional 300 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Tompkins Financial by 3.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 11,016 shares of the financial services provider's stock worth $683,000 after purchasing an additional 317 shares during the period. GAMMA Investing LLC boosted its stake in shares of Tompkins Financial by 89.0% during the 3rd quarter. GAMMA Investing LLC now owns 877 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 413 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Tompkins Financial by 23.8% during the second quarter. Sei Investments Co. now owns 5,194 shares of the financial services provider's stock valued at $254,000 after buying an additional 1,000 shares during the period. Institutional investors own 69.11% of the company's stock.

Analysts Set New Price Targets

TMP has been the topic of a number of research reports. Keefe, Bruyette & Woods upgraded shares of Tompkins Financial from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $59.00 to $68.00 in a report on Wednesday, October 2nd. Piper Sandler began coverage on shares of Tompkins Financial in a research note on Friday, December 20th. They set a "neutral" rating and a $70.00 price objective on the stock.

Tompkins Financial Stock Up 0.2 %

TMP stock traded up $0.10 during midday trading on Monday, reaching $63.10. 14,603 shares of the company's stock traded hands, compared to its average volume of 40,843. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.75. Tompkins Financial Co. has a 52-week low of $43.09 and a 52-week high of $79.01. The stock has a market cap of $908.01 million, a P/E ratio of 13.63 and a beta of 0.72.

Tompkins Financial (NYSEAMERICAN:TMP - Get Free Report) last issued its quarterly earnings results on Friday, October 25th. The financial services provider reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.09. The business had revenue of $112.51 million during the quarter. Tompkins Financial had a return on equity of 9.68% and a net margin of 15.59%. During the same quarter in the previous year, the company earned ($2.35) EPS.

Tompkins Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.93%. This is an increase from Tompkins Financial's previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, November 8th. Tompkins Financial's payout ratio is presently 53.56%.

Tompkins Financial Company 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.