Tompkins Financial Co. (NYSEAMERICAN:TMP) Shares Sold by Tompkins Financial Corp

Tompkins Financial Corp reduced its stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,140,778 shares of the financial services provider's stock after selling 11,177 shares during the period. Tompkins Financial accounts for about 7.2% of Tompkins Financial Corp's portfolio, making the stock its 2nd largest holding. Tompkins Financial Corp owned approximately 7.93% of Tompkins Financial worth $77,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Tompkins Financial by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 571,421 shares of the financial services provider's stock worth $27,941,000 after purchasing an additional 34,752 shares during the period. Sei Investments Co. boosted its stake in Tompkins Financial by 23.8% during the second quarter. Sei Investments Co. now owns 5,194 shares of the financial services provider's stock worth $254,000 after buying an additional 1,000 shares during the period. Public Sector Pension Investment Board increased its position in shares of Tompkins Financial by 6.4% during the second quarter. Public Sector Pension Investment Board now owns 27,569 shares of the financial services provider's stock valued at $1,348,000 after acquiring an additional 1,662 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Tompkins Financial in the 2nd quarter valued at approximately $1,112,000. Finally, AQR Capital Management LLC purchased a new position in shares of Tompkins Financial during the second quarter worth $468,000. Hedge funds and other institutional investors own 69.11% of the company's stock.

Tompkins Financial Price Performance

Shares of NYSEAMERICAN:TMP traded up $0.31 during trading on Friday, hitting $66.95. 50,937 shares of the stock were exchanged, compared to its average volume of 51,291. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $963.41 million, a price-to-earnings ratio of 14.46 and a beta of 0.74. Tompkins Financial Co. has a 12-month low of $43.09 and a 12-month high of $79.01.

Tompkins Financial (NYSEAMERICAN:TMP - Get Free Report) last announced its earnings results on Friday, October 25th. The financial services provider reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.09. The firm had revenue of $112.51 million for the quarter. Tompkins Financial had a return on equity of 9.68% and a net margin of 15.59%. During the same quarter last year, the company posted ($2.35) EPS. As a group, equities analysts forecast that Tompkins Financial Co. will post 4.81 earnings per share for the current fiscal year.

Tompkins Financial Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have issued reports on TMP. Keefe, Bruyette & Woods raised 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 research report on Wednesday, October 2nd. Piper Sandler started coverage on Tompkins Financial in a research report on Friday, December 20th. They set a "neutral" rating and a $70.00 price target on the stock.

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.