SG Americas Securities LLC Buys 3,302 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP)

SG Americas Securities LLC increased its position in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 57.2% in the third quarter, Holdings Channel.com reports. The fund owned 9,070 shares of the financial services provider’s stock after acquiring an additional 3,302 shares during the quarter. SG Americas Securities LLC’s holdings in Tompkins Financial were worth $524,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC bought a new stake in Tompkins Financial during the second quarter valued at $468,000. Bank of Montreal Can purchased a new stake in shares of Tompkins Financial in the 2nd quarter valued at about $1,112,000. Public Sector Pension Investment Board boosted its position in shares of Tompkins Financial by 6.4% during the 2nd 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. Sei Investments Co. grew its holdings in shares of 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 purchasing an additional 1,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased 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 worth $27,941,000 after purchasing an additional 34,752 shares during the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Tompkins Financial Trading Up 2.5 %

Shares of Tompkins Financial stock opened at $63.89 on Wednesday. The stock has a market cap of $920.02 million, a PE ratio of 65.19 and a beta of 0.69. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.94 and a current ratio of 0.94. Tompkins Financial Co. has a 12 month low of $43.09 and a 12 month high of $65.54.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its earnings results on Friday, July 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.20. The business 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. Investors of record on Friday, August 9th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date was Friday, August 9th. Tompkins Financial’s payout ratio is presently 248.98%.

Analyst Ratings Changes

Several brokerages have issued reports on TMP. Keefe, Bruyette & Woods upgraded shares of 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 report on Wednesday, October 2nd. StockNews.com raised shares of Tompkins Financial from a “sell” rating to a “hold” rating in a 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.