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

Tompkins Financial Corp lowered its position in Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,151,955 shares of the financial services provider's stock after selling 30,066 shares during the quarter. Tompkins Financial makes up approximately 6.4% of Tompkins Financial Corp's portfolio, making the stock its 2nd biggest position. Tompkins Financial Corp owned approximately 8.00% of Tompkins Financial worth $66,571,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. nVerses Capital LLC raised its stake in Tompkins Financial by 100.0% in the 3rd quarter. nVerses Capital LLC now owns 600 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 300 shares during the last quarter. CWM LLC grew its position in Tompkins Financial by 253.2% in the second quarter. CWM LLC now owns 890 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 638 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Tompkins Financial by 89.0% in the 3rd quarter. GAMMA Investing LLC now owns 877 shares of the financial services provider's stock worth $51,000 after buying an additional 413 shares in the last quarter. Eastern Bank acquired a new position in shares of Tompkins Financial in the 3rd quarter valued at approximately $67,000. Finally, EntryPoint Capital LLC boosted its stake in Tompkins Financial by 88.3% during the 1st quarter. EntryPoint Capital LLC now owns 1,474 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 691 shares during the last quarter. Institutional investors and hedge funds own 69.11% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. StockNews.com upgraded shares of Tompkins Financial from a "sell" rating to a "hold" rating in a research note on Saturday, August 3rd. Keefe, Bruyette & Woods raised Tompkins Financial from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $59.00 to $68.00 in a research note on Wednesday, October 2nd.

Tompkins Financial Stock Performance

Shares of TMP traded up $1.10 during midday trading on Friday, hitting $73.70. The stock had a trading volume of 70,069 shares, compared to its average volume of 59,975. Tompkins Financial Co. has a fifty-two week low of $43.09 and a fifty-two week high of $78.28. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.92 and a quick ratio of 0.94. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 15.92 and a beta of 0.67.

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, topping the consensus estimate of $1.21 by $0.09. The firm had revenue of $112.51 million during the quarter. Tompkins Financial had a return on equity of 9.68% and a net margin of 15.59%. During the same period in the prior year, the company posted ($2.35) earnings per share.

Tompkins Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.36%. This is a positive change from Tompkins Financial's previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Friday, November 8th. Tompkins Financial's dividend payout ratio (DPR) is currently 52.70%.

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.