Bank of Montreal Can Takes Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Bank of Montreal Can purchased a new position in Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 22,675 shares of the financial services provider's stock, valued at approximately $1,112,000. Bank of Montreal Can owned approximately 0.16% of Tompkins Financial at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TMP. Dimensional Fund Advisors LP boosted its stake in shares of Tompkins Financial by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 571,421 shares of the financial services provider's stock valued at $27,941,000 after purchasing an additional 34,752 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Tompkins Financial by 13.5% in the first quarter. ProShare Advisors LLC now owns 155,834 shares of the financial services provider's stock worth $7,837,000 after buying an additional 18,579 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Tompkins Financial by 9.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 126,288 shares of the financial services provider's stock valued at $6,175,000 after acquiring an additional 11,140 shares during the last quarter. John G Ullman & Associates Inc. boosted its holdings in Tompkins Financial by 224.0% during 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. Finally, Wealth Enhancement Advisory Services LLC grew its position in Tompkins Financial by 1.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 35,803 shares of the financial services provider's stock worth $1,801,000 after acquiring an additional 575 shares during the last quarter. Institutional investors own 69.11% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TMP. StockNews.com upgraded shares of Tompkins Financial from a "sell" rating to a "hold" rating in a report on Saturday, August 3rd. Keefe, Bruyette & Woods upgraded 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 research note on Wednesday, October 2nd.

Tompkins Financial Stock Down 0.9 %

Shares of NYSEAMERICAN:TMP traded down $0.52 on Monday, hitting $59.50. 38,255 shares of the company's stock were exchanged, compared to its average volume of 60,824. 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 company has a market cap of $856.80 million, a price-to-earnings ratio of 126.60 and a beta of 0.69. Tompkins Financial Co. has a 12 month low of $43.09 and a 12 month high of $65.54.

Tompkins Financial (NYSEAMERICAN:TMP - Get Free Report) last issued its quarterly earnings data 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 net margin of 4.11% and a return on equity of 2.16%. The company had revenue of $107.02 million during the quarter.

Tompkins Financial Dividend Announcement

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

About Tompkins Financial

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.