Barclays PLC Acquires 13,878 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP)

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

Other hedge funds have also recently bought and sold shares of the company. nVerses Capital LLC increased its position in Tompkins Financial by 100.0% during the third quarter. nVerses Capital LLC now owns 600 shares of the financial services provider's stock worth $35,000 after acquiring an additional 300 shares during the period. GAMMA Investing LLC increased its holdings in shares of Tompkins Financial by 89.0% during the third quarter. GAMMA Investing LLC now owns 877 shares of the financial services provider's stock worth $51,000 after purchasing an additional 413 shares during the period. Eastern Bank acquired a new stake in shares of Tompkins Financial in the third quarter valued at approximately $67,000. FMR LLC boosted its stake in shares of Tompkins Financial by 14.3% in the third quarter. FMR LLC now owns 1,731 shares of the financial services provider's stock valued at $100,000 after buying an additional 216 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in Tompkins Financial during the third quarter worth approximately $215,000. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Tompkins Financial Trading Down 2.3 %

Shares of NYSEAMERICAN TMP traded down $1.57 during trading on Friday, reaching $67.97. The company had a trading volume of 36,209 shares, compared to its average volume of 60,084. The firm has a market capitalization of $978.09 million, a PE ratio of 14.68 and a beta of 0.72. 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 12 month low of $43.09 and a 12 month high of $79.01.

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

Tompkins Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.65%. This is a boost from Tompkins Financial's previous quarterly dividend of $0.61. The ex-dividend date was Friday, November 8th. Tompkins Financial's dividend payout ratio is presently 53.56%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of Tompkins Financial from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $59.00 to $68.00 in a report on Wednesday, October 2nd. Piper Sandler initiated coverage on Tompkins Financial in a research note on Friday, December 20th. They set a "neutral" rating and a $70.00 target price for the company.

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.