Tompkins Financial Co. (NYSEAMERICAN:TMP) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC boosted its stake in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 130.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,100 shares of the financial services provider’s stock after purchasing an additional 14,210 shares during the period. Jane Street Group LLC owned approximately 0.17% of Tompkins Financial worth $1,451,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC grew its position in 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 acquiring an additional 300 shares in the last quarter. GAMMA Investing LLC lifted its position 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 worth $51,000 after purchasing an additional 413 shares in the last quarter. Eastern Bank purchased a new position in shares of Tompkins Financial in the third quarter valued at $67,000. FMR LLC grew its holdings in Tompkins Financial by 14.3% during the 3rd quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 216 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Tompkins Financial during the 3rd quarter worth $215,000. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TMP. Keefe, Bruyette & Woods upgraded Tompkins Financial from a “market perform” rating to an “outperform” rating and increased their target price for the company from $59.00 to $68.00 in a research note on Wednesday, October 2nd. Piper Sandler assumed coverage on shares of Tompkins Financial in a research note on Friday, December 20th. They set a “neutral” rating and a $70.00 price objective on the stock.

Tompkins Financial Stock Performance

Shares of Tompkins Financial stock opened at $67.97 on Friday. The firm has a market capitalization of $978.09 million, a PE ratio of 14.68 and a beta of 0.72. Tompkins Financial Co. has a fifty-two week low of $43.09 and a fifty-two week 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 posted its quarterly earnings results on Friday, October 25th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.09. Tompkins Financial had a net margin of 15.59% and a return on equity of 9.68%. The firm had revenue of $112.51 million for the quarter. During the same quarter last year, the firm 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 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 dividend on an annualized basis and a yield of 3.65%. Tompkins Financial’s payout ratio is presently 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.