Tompkins Financial Co. (NYSEAMERICAN:TMP) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 39.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,263 shares of the financial services provider’s stock after acquiring an additional 2,073 shares during the quarter. BNP Paribas Financial Markets owned about 0.05% of Tompkins Financial worth $420,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. nVerses Capital LLC boosted its holdings in Tompkins Financial by 100.0% during the third quarter. nVerses Capital LLC now owns 600 shares of the financial services provider’s stock worth $35,000 after buying an additional 300 shares in the last quarter. CWM LLC boosted its stake 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 purchasing an additional 638 shares during the period. GAMMA Investing LLC boosted its stake 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 purchasing an additional 413 shares during the period. Eastern Bank acquired a new position in Tompkins Financial in the 3rd quarter worth approximately $67,000. Finally, FMR LLC boosted its stake in Tompkins Financial by 14.3% in the 3rd quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 216 shares during the period. Institutional investors and hedge funds own 69.11% of the company’s stock.

Analysts Set New Price Targets

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

Tompkins Financial Stock Up 0.4 %

Shares of NYSEAMERICAN TMP opened at $76.43 on Friday. Tompkins Financial Co. has a 1-year low of $43.09 and a 1-year high of $79.01. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 16.51 and a beta of 0.72. 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 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 firm had revenue of $112.51 million during the quarter. During the same period in the previous year, the company posted ($2.35) EPS.

Tompkins Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were given a $0.62 dividend. The ex-dividend date was Friday, November 8th. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a dividend yield of 3.24%. Tompkins Financial’s dividend payout ratio is presently 53.56%.

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.