JPMorgan Chase & Co. Boosts Stock Holdings in Tompkins Financial Co. (NYSEAMERICAN:TMP)

JPMorgan Chase & Co. lifted its holdings in Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) by 139.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,286 shares of the financial services provider's stock after acquiring an additional 36,231 shares during the quarter. JPMorgan Chase & Co. owned 0.43% of Tompkins Financial worth $3,600,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in shares of Tompkins Financial by 6.5% in the second 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 during the period. Bank of Montreal Can acquired a new stake in Tompkins Financial in the 2nd quarter worth about $1,112,000. Jane Street Group LLC increased its stake in Tompkins Financial by 130.5% during the 3rd quarter. Jane Street Group LLC now owns 25,100 shares of the financial services provider's stock worth $1,451,000 after buying an additional 14,210 shares in the last quarter. Barclays PLC raised its holdings in shares of Tompkins Financial by 115.7% during the third quarter. Barclays PLC now owns 25,878 shares of the financial services provider's stock valued at $1,496,000 after acquiring an additional 13,878 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new position in shares of Tompkins Financial in the second quarter valued at approximately $468,000. Hedge funds and other institutional investors own 69.11% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on TMP. Keefe, Bruyette & Woods raised 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 note on Wednesday, October 2nd. Piper Sandler initiated coverage on Tompkins Financial in a report on Friday, December 20th. They set a "neutral" rating and a $70.00 target price on the stock.

Tompkins Financial Trading Up 0.5 %

Shares of NYSEAMERICAN TMP traded up $0.31 during midday trading on Friday, hitting $66.95. The company's stock had a trading volume of 50,937 shares, compared to its average volume of 51,291. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $963.41 million, a price-to-earnings ratio of 13.61 and a beta of 0.74. Tompkins Financial Co. has a 1 year low of $43.09 and a 1 year high of $79.01.

Tompkins Financial (NYSEAMERICAN:TMP - Get Free Report) last announced its quarterly earnings data on Friday, October 25th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.09. Tompkins Financial had a return on equity of 9.68% and a net margin of 15.59%. The business had revenue of $112.51 million for the quarter. During the same quarter in the previous year, the business posted ($2.35) earnings per share. Equities research analysts anticipate that Tompkins Financial Co. will post 4.81 EPS for the current fiscal year.

Tompkins Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.70%. This is an increase from Tompkins Financial's previous quarterly dividend of $0.61. Tompkins Financial's payout ratio is presently 53.56%.

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.