Barclays PLC Has $1.50 Million Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Barclays PLC boosted its holdings in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 115.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,878 shares of the financial services provider’s stock after acquiring an additional 13,878 shares during the quarter. Barclays PLC owned 0.18% of Tompkins Financial worth $1,496,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. nVerses Capital LLC lifted its position in shares of Tompkins Financial by 100.0% during the 3rd quarter. nVerses Capital LLC now owns 600 shares of the financial services provider’s stock worth $35,000 after buying an additional 300 shares during the period. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 413 shares during the period. Eastern Bank acquired a new stake in shares of Tompkins Financial in the 3rd quarter valued at $67,000. FMR LLC boosted its stake in shares of Tompkins Financial by 14.3% in 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 bought a new stake in shares of Tompkins Financial in the 3rd quarter worth about $215,000. 69.11% of the stock is owned by institutional investors and hedge funds.

Tompkins Financial Stock Performance

Shares of NYSEAMERICAN:TMP 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. 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 twelve month low of $43.09 and a twelve month high of $79.01.

Tompkins Financial (NYSEAMERICAN:TMP) last released its quarterly earnings results on Friday, October 25th. The financial services provider reported $1.30 EPS for the quarter, beating 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 business had revenue of $112.51 million for the quarter. During the same period last year, the company earned ($2.35) earnings per share.

Tompkins Financial Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.65%. Tompkins Financial’s dividend payout ratio is presently 53.56%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TMP. Keefe, Bruyette & Woods upgraded shares of Tompkins Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $59.00 to $68.00 in a research report on Wednesday, October 2nd. Piper Sandler began coverage on Tompkins Financial in a report on Friday, December 20th. They issued a “neutral” rating and a $70.00 target price on the 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.