Tompkins Financial Co. (NYSEAMERICAN:TMP) Stake Trimmed by State Street Corp

State Street Corp cut its position in shares of Tompkins Financial Co. (NYSEAMERICAN:TMPFree Report) by 1.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,297,848 shares of the financial services provider’s stock after selling 25,787 shares during the quarter. State Street Corp owned 9.02% of Tompkins Financial worth $75,003,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TMP. Dimensional Fund Advisors LP raised its position in 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 valued at $27,941,000 after buying an additional 34,752 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Tompkins Financial by 9.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 126,288 shares of the financial services provider’s stock valued at $6,175,000 after purchasing an additional 11,140 shares during the period. Public Sector Pension Investment Board lifted its position in shares of Tompkins Financial by 6.4% in 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 purchasing an additional 1,662 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Tompkins Financial during the second quarter worth approximately $1,112,000. Finally, WINTON GROUP Ltd grew its position in Tompkins Financial by 32.9% during the second quarter. WINTON GROUP Ltd now owns 20,168 shares of the financial services provider’s stock valued at $986,000 after purchasing an additional 4,996 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Tompkins Financial Trading Down 3.1 %

Shares of TMP opened at $73.64 on Wednesday. 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 one year low of $43.09 and a one year high of $79.01. The firm has a market capitalization of $1.06 billion, a P/E ratio of 16.39 and a beta of 0.72.

Tompkins Financial (NYSEAMERICAN:TMPGet Free Report) last issued its quarterly earnings results on Friday, October 25th. The financial services provider reported $1.30 EPS for the quarter, topping the consensus estimate of $1.21 by $0.09. The company 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 period in the prior year, the firm earned ($2.35) earnings per share.

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. The ex-dividend date was Friday, November 8th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.37%. 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%.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Report on Tompkins Financial

About Tompkins Financial

(Free Report)

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.

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Institutional Ownership by Quarter for Tompkins Financial (NYSEAMERICAN:TMP)

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