Barclays PLC Buys 13,878 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP)

Barclays PLC grew its stake in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 115.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,878 shares of the financial services provider’s stock after purchasing an additional 13,878 shares during the quarter. Barclays PLC owned approximately 0.18% of Tompkins Financial worth $1,496,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bank of Montreal Can bought a new position in shares of Tompkins Financial in the second quarter valued at about $1,112,000. Geode Capital Management LLC grew its stake in shares of Tompkins Financial by 0.6% in the third quarter. Geode Capital Management LLC now owns 291,312 shares of the financial services provider’s stock valued at $16,839,000 after acquiring an additional 1,766 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Tompkins Financial by 130.5% in the third quarter. Jane Street Group LLC now owns 25,100 shares of the financial services provider’s stock valued at $1,451,000 after acquiring an additional 14,210 shares in the last quarter. FMR LLC grew its stake in shares of Tompkins Financial by 14.3% in the third quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 216 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of Tompkins Financial in the second quarter valued at about $468,000. 69.11% of the stock is owned by institutional investors.

Tompkins Financial Trading Down 4.7 %

Shares of Tompkins Financial stock opened at $63.00 on Monday. The stock has a market cap of $906.57 million, a price-to-earnings ratio of 13.61 and a beta of 0.72. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.92 and a current ratio of 0.92. Tompkins Financial Co. has a 12-month low of $43.09 and a 12-month high of $79.01.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its quarterly earnings data on Friday, October 25th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.09. The firm had revenue of $112.51 million for the quarter. Tompkins Financial had a net margin of 15.59% and a return on equity of 9.68%. During the same quarter in the previous year, the company earned ($2.35) earnings per share.

Tompkins Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.94%. 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 is presently 53.56%.

Analysts Set New Price Targets

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