Tompkins Financial Co. (NYSEAMERICAN:TMP) Short Interest Down 25.5% in September

Tompkins Financial Co. (NYSEAMERICAN:TMP - Get Free Report) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totalling 109,100 shares, a decrease of 25.5% from the September 15th total of 146,500 shares. Currently, 0.8% of the company's shares are sold short. Based on an average daily volume of 56,000 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Investors Weigh In On Tompkins Financial

A number of institutional investors have recently modified their holdings of TMP. GAMMA Investing LLC grew 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 buying an additional 413 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Tompkins Financial by 1.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 35,803 shares of the financial services provider's stock worth $1,801,000 after purchasing an additional 575 shares during the last quarter. CWM LLC raised its stake in Tompkins Financial by 253.2% during the second quarter. CWM LLC now owns 890 shares of the financial services provider's stock worth $44,000 after purchasing an additional 638 shares during the period. EntryPoint Capital LLC lifted its holdings in Tompkins Financial by 88.3% in the first quarter. EntryPoint Capital LLC now owns 1,474 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 691 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Tompkins Financial by 107.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,801 shares of the financial services provider's stock worth $108,000 after purchasing an additional 932 shares during the period. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TMP has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods upgraded shares of Tompkins Financial from a "market perform" rating to an "outperform" rating and increased their price target for the company from $59.00 to $68.00 in a report on Wednesday, October 2nd. StockNews.com upgraded Tompkins Financial from a "sell" rating to a "hold" rating in a research note on Saturday, August 3rd.

Tompkins Financial Trading Up 4.7 %

Shares of NYSEAMERICAN TMP traded up $2.81 during trading hours on Friday, hitting $61.98. 28,870 shares of the stock were exchanged, compared to its average volume of 56,187. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.14. Tompkins Financial has a 12 month low of $43.09 and a 12 month high of $65.54. The firm has a market cap of $892.51 million, a PE ratio of 63.24 and a beta of 0.69.

Tompkins Financial (NYSEAMERICAN:TMP - Get Free Report) last released its earnings results on Friday, July 26th. The financial services provider reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.20. Tompkins Financial had a return on equity of 2.16% and a net margin of 4.11%. The firm had revenue of $107.02 million during the quarter.

Tompkins Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 9th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Friday, August 9th. Tompkins Financial's dividend payout ratio is currently 248.98%.

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.