Tompkins Financial (NYSEAMERICAN:TMP) Shares Up 5%

Tompkins Financial Co. (NYSEAMERICAN:TMP - Get Free Report) rose 5% during trading on Wednesday . The stock traded as high as $59.14 and last traded at $58.89. Approximately 24,025 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 60,803 shares. The stock had previously closed at $56.09.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TMP shares. StockNews.com upgraded Tompkins Financial from a "sell" rating to a "hold" rating in a report on Saturday, August 3rd. Keefe, Bruyette & Woods upgraded Tompkins Financial from a "market perform" rating to an "outperform" rating and raised their target price for the company from $59.00 to $68.00 in a research report on Wednesday.

Tompkins Financial Stock Up 7.5 %

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.14. The firm has a market cap of $868.03 million, a price-to-earnings ratio of 128.26 and a beta of 0.70.

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

Tompkins Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 9th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend was Friday, August 9th. Tompkins Financial's payout ratio is 519.15%.

Hedge Funds Weigh In On Tompkins Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. John G Ullman & Associates Inc. boosted its position in Tompkins Financial by 224.0% in the 1st quarter. John G Ullman & Associates Inc. now owns 101,865 shares of the financial services provider's stock valued at $5,123,000 after buying an additional 70,422 shares during the period. Quadrature Capital Ltd purchased a new position in Tompkins Financial in the first quarter valued at $600,000. SG Americas Securities LLC acquired a new position in Tompkins Financial during the 2nd quarter worth $282,000. CWM LLC increased its stake in shares of 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 buying an additional 638 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of Tompkins Financial by 107.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,801 shares of the financial services provider's stock valued at $108,000 after purchasing an additional 932 shares during the last quarter. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

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.