Tompkins Financial Co. (NYSEAMERICAN:TMP) Shares Acquired by Atria Investments Inc

Atria Investments Inc lifted its stake in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 32.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,943 shares of the financial services provider’s stock after buying an additional 1,713 shares during the period. Atria Investments Inc’s holdings in Tompkins Financial were worth $401,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TMP. nVerses Capital LLC lifted its stake in shares of Tompkins Financial by 100.0% in the third quarter. nVerses Capital LLC now owns 600 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 300 shares during the period. CWM LLC grew its holdings in Tompkins Financial by 253.2% in the second quarter. CWM LLC now owns 890 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 638 shares during the period. GAMMA Investing LLC grew its stake in Tompkins Financial by 89.0% during the third quarter. GAMMA Investing LLC now owns 877 shares of the financial services provider’s stock worth $51,000 after buying an additional 413 shares during the period. Eastern Bank purchased a new stake in Tompkins Financial during the third quarter worth approximately $67,000. Finally, EntryPoint Capital LLC lifted its position in shares of Tompkins Financial by 88.3% during the first quarter. EntryPoint Capital LLC now owns 1,474 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 691 shares in the last quarter. 69.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Tompkins Financial Price Performance

NYSEAMERICAN TMP opened at $75.49 on Friday. The company has a market capitalization of $1.09 billion, a PE ratio of 16.30 and a beta of 0.67. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.92 and a quick ratio of 0.92. Tompkins Financial Co. has a 12 month low of $43.09 and a 12 month high of $78.28.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its quarterly earnings results on Friday, October 25th. The financial services provider reported $1.30 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the business posted ($2.35) EPS.

Tompkins Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a $0.62 dividend. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Friday, November 8th. Tompkins Financial’s payout ratio is currently 53.56%.

Tompkins Financial Company 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.