Centiva Capital LP Invests $299,000 in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Centiva Capital LP purchased a new position in Tompkins Financial Co. (NYSEAMERICAN:TMP) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,167 shares of the financial services provider’s stock, valued at approximately $299,000.

Other hedge funds have also recently made changes to their positions in the company. nVerses Capital LLC lifted its position 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 acquiring an additional 300 shares in the last quarter. CWM LLC lifted its position in Tompkins Financial by 253.2% in the 2nd 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 position in Tompkins Financial by 89.0% in the 3rd quarter. GAMMA Investing LLC now owns 877 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 413 shares in the last quarter. Eastern Bank bought a new position in Tompkins Financial in the 3rd quarter valued at approximately $67,000. Finally, FMR LLC lifted its position in Tompkins Financial by 14.3% in the 3rd quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 216 shares in the last quarter. 69.11% of the stock is owned by institutional investors.

Tompkins Financial Stock Performance

NYSEAMERICAN:TMP opened at $76.23 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $1.10 billion, a PE ratio of 16.46 and a beta of 0.72. Tompkins Financial Co. has a one year low of $43.09 and a one year high of $79.01.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its quarterly earnings data 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 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 quarter last year, the company earned ($2.35) earnings per share.

Tompkins Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Friday, November 8th. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.61. Tompkins Financial’s dividend payout ratio is presently 53.56%.

Wall Street Analysts Forecast Growth

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

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.