Tompkins Financial Co. (NYSEAMERICAN:TMP) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) by 6.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 571,421 shares of the financial services provider's stock after acquiring an additional 34,752 shares during the period. Dimensional Fund Advisors LP owned approximately 3.97% of Tompkins Financial worth $27,941,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. John G Ullman & Associates Inc. raised its stake in shares of 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 acquiring an additional 70,422 shares during the period. Quadrature Capital Ltd acquired a new position in Tompkins Financial during the first quarter worth $600,000. SG Americas Securities LLC purchased a new position in shares of Tompkins Financial during the second quarter worth $282,000. CWM LLC boosted its position 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. grew its stake in shares of Tompkins Financial by 107.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,801 shares of the financial services provider's stock valued at $108,000 after buying an additional 932 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company's stock.

Tompkins Financial Stock Performance

Shares of Tompkins Financial stock traded down $0.74 during trading on Thursday, reaching $59.55. The company's stock had a trading volume of 37,631 shares, compared to its average volume of 61,003. Tompkins Financial Co. has a fifty-two week low of $43.09 and a fifty-two week high of $65.54. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $857.52 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 quarterly earnings data on Friday, July 26th. The financial services provider reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.20. The company had revenue of $107.02 million during the quarter. Tompkins Financial had a return on equity of 2.16% and a net margin of 4.11%.

Tompkins Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 9th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Friday, August 9th. Tompkins Financial's payout ratio is 519.15%.

Analyst Ratings Changes

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

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.