Thrivent Financial for Lutherans Has $568,000 Stock Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Thrivent Financial for Lutherans reduced its position in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 5.5% in the 3rd quarter, Holdings Channel reports. The firm owned 9,836 shares of the financial services provider’s stock after selling 567 shares during the period. Thrivent Financial for Lutherans’ holdings in Tompkins Financial were worth $568,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of Tompkins Financial by 6.5% during the second 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 last quarter. Bank of New York Mellon Corp grew its stake in shares of Tompkins Financial by 9.7% during the second quarter. Bank of New York Mellon Corp now owns 126,288 shares of the financial services provider’s stock worth $6,175,000 after buying an additional 11,140 shares during the last quarter. Public Sector Pension Investment Board grew its stake 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 worth $1,348,000 after buying an additional 1,662 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Tompkins Financial during the second quarter worth $1,112,000. Finally, WINTON GROUP Ltd grew its stake in shares of Tompkins Financial by 32.9% in the second quarter. WINTON GROUP Ltd now owns 20,168 shares of the financial services provider’s stock worth $986,000 after purchasing an additional 4,996 shares during the last quarter. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised shares of Tompkins Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $59.00 to $68.00 in a research note on Wednesday, October 2nd.

Tompkins Financial Stock Performance

TMP opened at $77.30 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.75. Tompkins Financial Co. has a fifty-two week low of $43.09 and a fifty-two week high of $79.01. The stock has a market capitalization of $1.11 billion, a P/E ratio of 16.70 and a beta of 0.72.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its earnings results on Friday, October 25th. The financial services provider reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.09. Tompkins Financial had a net margin of 15.59% and a return on equity of 9.68%. The company had revenue of $112.51 million for the quarter. During the same quarter in the prior year, the company earned ($2.35) EPS.

Tompkins Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.21%. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.61. The ex-dividend date was Friday, November 8th. Tompkins Financial’s dividend payout ratio is presently 53.56%.

Tompkins Financial 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.