State of Alaska Department of Revenue Sells 210 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP)

State of Alaska Department of Revenue lessened its stake in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 2.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,148 shares of the financial services provider’s stock after selling 210 shares during the period. State of Alaska Department of Revenue’s holdings in Tompkins Financial were worth $413,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TMP. nVerses Capital LLC raised its stake in shares of Tompkins Financial by 100.0% during 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 during the last quarter. GAMMA Investing LLC lifted its holdings in Tompkins Financial by 89.0% in the 3rd quarter. GAMMA Investing LLC now owns 877 shares of the financial services provider’s stock worth $51,000 after buying an additional 413 shares during the period. CWM LLC lifted its holdings in Tompkins Financial by 253.2% in the 2nd quarter. CWM LLC now owns 890 shares of the financial services provider’s stock worth $44,000 after buying an additional 638 shares during the period. Eastern Bank purchased a new position in shares of Tompkins Financial during the third quarter valued at approximately $67,000. Finally, EntryPoint Capital LLC raised its holdings in shares of Tompkins Financial by 88.3% during the first quarter. EntryPoint Capital LLC now owns 1,474 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 691 shares in the last quarter. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on TMP shares. StockNews.com raised shares of Tompkins Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. Keefe, Bruyette & Woods raised shares of Tompkins Financial from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $59.00 to $68.00 in a research note on Wednesday, October 2nd.

Tompkins Financial Trading Up 1.2 %

Shares of Tompkins Financial stock opened at $73.47 on Friday. Tompkins Financial Co. has a 1 year low of $43.09 and a 1 year high of $78.28. The stock has a market capitalization of $1.06 billion, a P/E ratio of 15.87 and a beta of 0.67. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.92 and a quick ratio of 0.94.

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

Tompkins Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.62 per share. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.61. The ex-dividend date is Friday, November 8th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.38%. Tompkins Financial’s dividend payout ratio is presently 52.70%.

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.