Wealth Enhancement Advisory Services LLC Has $1.99 Million Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,368 shares of the financial services provider’s stock after selling 854 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.24% of Tompkins Financial worth $1,986,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. John G Ullman & Associates Inc. grew its position in shares of Tompkins Financial by 224.0% in the first quarter. John G Ullman & Associates Inc. now owns 101,865 shares of the financial services provider’s stock valued at $5,123,000 after purchasing an additional 70,422 shares during the last quarter. Dimensional Fund Advisors LP increased its position in 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 buying an additional 34,752 shares during the period. Bank of Montreal Can bought a new position in Tompkins Financial during the 2nd quarter worth $1,112,000. ProShare Advisors LLC boosted its position 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 valued at $7,837,000 after acquiring an additional 18,579 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in shares of Tompkins Financial in the first quarter valued at about $600,000. 69.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TMP shares. StockNews.com raised shares of Tompkins Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Keefe, Bruyette & Woods upgraded Tompkins Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $59.00 to $68.00 in a research note on Wednesday, October 2nd.

Tompkins Financial Price Performance

Shares of NYSEAMERICAN TMP opened at $64.83 on Friday. Tompkins Financial Co. has a 12 month low of $43.09 and a 12 month high of $68.45. 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 $933.55 million, a price-to-earnings ratio of 14.00 and a beta of 0.67.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its quarterly earnings data on Friday, October 25th. The financial services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.21 by $0.09. The business had revenue of $112.51 million during the quarter. Tompkins Financial had a net margin of 15.59% and a return on equity of 9.68%. During the same period in the previous year, the company earned ($2.35) EPS.

Tompkins Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 8th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.48 annualized dividend and a dividend yield of 3.83%. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.61. Tompkins Financial’s dividend payout ratio is currently 52.70%.

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.