Intech Investment Management LLC Invests $215,000 in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Intech Investment Management LLC bought a new stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 3,726 shares of the financial services provider’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. nVerses Capital LLC raised its stake 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 purchasing an additional 300 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Tompkins Financial by 89.0% during the third quarter. GAMMA Investing LLC now owns 877 shares of the financial services provider’s stock valued at $51,000 after buying an additional 413 shares during the period. CWM LLC boosted its position in Tompkins Financial by 253.2% during the second quarter. CWM LLC now owns 890 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 638 shares during the last quarter. Eastern Bank acquired a new position in Tompkins Financial in the 3rd quarter valued at $67,000. Finally, LVW Advisors LLC purchased a new position in shares of Tompkins Financial during the 3rd quarter worth $236,000. Institutional investors and hedge funds own 69.11% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Tompkins Financial Stock Performance

Shares of TMP stock opened at $76.89 on Friday. The firm has a market capitalization of $1.11 billion, a PE ratio of 16.61 and a beta of 0.72. Tompkins Financial Co. has a twelve month low of $43.09 and a twelve month high of $79.01. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.75.

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, beating 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 firm had revenue of $112.51 million during the quarter. During the same period in the prior year, the company posted ($2.35) EPS.

Tompkins Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors 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 3.23%. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.61. The ex-dividend date was Friday, November 8th. Tompkins Financial’s dividend payout ratio (DPR) is 53.56%.

Tompkins Financial 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.