Hotchkis & Wiley Capital Management LLC Has $6.65 Million Stake in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Hotchkis & Wiley Capital Management LLC trimmed its stake in Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) by 14.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 115,090 shares of the financial services provider's stock after selling 19,190 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.80% of Tompkins Financial worth $6,651,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TMP. FMR LLC boosted its holdings in 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 during the period. nVerses Capital LLC lifted its position in shares of Tompkins Financial by 100.0% during 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 during the last quarter. Chicago Partners Investment Group LLC boosted its stake in Tompkins Financial by 3.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 11,016 shares of the financial services provider's stock valued at $683,000 after purchasing an additional 317 shares during the period. GAMMA Investing LLC grew its holdings in Tompkins Financial by 89.0% in the 3rd quarter. GAMMA Investing LLC now owns 877 shares of the financial services provider's stock valued at $51,000 after buying an additional 413 shares during the last quarter. Finally, CWM LLC increased its position in Tompkins Financial by 253.2% in the 2nd quarter. CWM LLC now owns 890 shares of the financial services provider's stock worth $44,000 after buying an additional 638 shares during the period. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upgraded shares of Tompkins Financial from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $59.00 to $68.00 in a research report on Wednesday, October 2nd.

Tompkins Financial Stock Performance

NYSEAMERICAN:TMP traded up $0.45 during mid-day trading on Friday, hitting $76.89. The company's stock had a trading volume of 35,121 shares, compared to its average volume of 59,588. The firm has a market capitalization of $1.11 billion, a PE ratio of 16.44 and a beta of 0.72. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.75. Tompkins Financial Co. has a fifty-two week low of $43.09 and a fifty-two week high of $79.01.

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

Tompkins Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were issued a $0.62 dividend. This is an increase from Tompkins Financial's previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Friday, November 8th. Tompkins Financial's payout ratio is presently 53.56%.

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.