Tompkins Financial (NYSEAMERICAN:TMP) Trading Down 2.5%

Tompkins Financial Co. (NYSEAMERICAN:TMP) shares dropped 2.5% during mid-day trading on Wednesday . The company traded as low as $57.81 and last traded at $58.04. Approximately 4,148 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 60,308 shares. The stock had previously closed at $59.55.

Analysts Set New Price Targets

Several research firms recently weighed in on TMP. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $59.00 price target (up from $50.00) on shares of Tompkins Financial in a report on Monday, July 29th. StockNews.com raised Tompkins Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd.

Tompkins Financial Trading Down 1.4 %

The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $845.86 million, a P/E ratio of 126.36 and a beta of 0.70.

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 analysts’ consensus estimates of $0.90 by $0.20. Tompkins Financial had a return on equity of 2.16% and a net margin of 4.11%. The business had revenue of $107.02 million during the quarter.

Tompkins Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were paid a $0.61 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.44 annualized dividend and a dividend yield of 4.15%. Tompkins Financial’s payout ratio is 519.15%.

Institutional Investors Weigh In On Tompkins Financial

Several institutional investors and hedge funds have recently made changes to their positions in the business. John G Ullman & Associates Inc. boosted its holdings in 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 worth $5,123,000 after acquiring an additional 70,422 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 valued at $27,941,000 after purchasing an additional 34,752 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Tompkins Financial in the second quarter valued at approximately $1,112,000. ProShare Advisors LLC lifted its holdings 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 purchasing an additional 18,579 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Tompkins Financial in the first quarter valued at approximately $600,000. Institutional investors own 69.11% of the company’s stock.

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.