Thrivent Financial for Lutherans Sells 567 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP)

Thrivent Financial for Lutherans trimmed its position in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 5.5% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 9,836 shares of the financial services provider’s stock after selling 567 shares during the period. Thrivent Financial for Lutherans owned about 0.07% of Tompkins Financial worth $568,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can bought a new position in Tompkins Financial in the 2nd quarter valued at $1,112,000. AQR Capital Management LLC acquired a new position in shares of Tompkins Financial in the 2nd quarter valued at $468,000. Dimensional Fund Advisors LP lifted its stake in shares of Tompkins Financial by 6.5% in the 2nd 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 during the period. Atria Investments Inc lifted its stake in shares of Tompkins Financial by 32.8% in the 3rd quarter. Atria Investments Inc now owns 6,943 shares of the financial services provider’s stock valued at $401,000 after purchasing an additional 1,713 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Tompkins Financial in the 2nd quarter valued at $282,000. 69.11% of the stock is currently owned by institutional investors.

Tompkins Financial Stock Performance

Shares of NYSEAMERICAN TMP opened at $77.30 on Thursday. The stock has a market capitalization of $1.11 billion, a PE ratio of 16.70 and a beta of 0.72. 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 fifty-two week low of $43.09 and a fifty-two week high of $79.01.

Tompkins Financial (NYSEAMERICAN:TMP) last posted 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. Tompkins Financial had a return on equity of 9.68% and a net margin of 15.59%. The business had revenue of $112.51 million during the quarter. 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. Shareholders of record on Friday, November 8th were given a dividend of $0.62 per share. The ex-dividend date was Friday, November 8th. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a yield of 3.21%. Tompkins Financial’s dividend payout ratio (DPR) is 53.56%.

Analyst Ratings Changes

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