Wealth Enhancement Advisory Services LLC Buys 5,956 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP)

Wealth Enhancement Advisory Services LLC increased its stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMPFree Report) by 17.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 40,324 shares of the financial services provider’s stock after buying an additional 5,956 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.28% of Tompkins Financial worth $2,735,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. nVerses Capital LLC increased its position 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 acquiring an additional 300 shares during the period. Versant Capital Management Inc grew its position in shares of Tompkins Financial by 238.8% during the 4th quarter. Versant Capital Management Inc now owns 603 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 425 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Tompkins Financial by 89.0% during 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 in the last quarter. Eastern Bank bought a new position in shares of Tompkins Financial during the third quarter worth approximately $67,000. Finally, FMR LLC raised its position 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 buying an additional 216 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TMP shares. Keefe, Bruyette & Woods raised 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 report on Wednesday, October 2nd. Piper Sandler assumed coverage on Tompkins Financial in a report on Friday, December 20th. They set a “neutral” rating and a $70.00 target price on the stock.

Read Our Latest Report on TMP

Tompkins Financial Stock Up 3.9 %

Shares of Tompkins Financial stock opened at $66.52 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.75. The company has a market cap of $957.22 million, a PE ratio of 14.37 and a beta of 0.72. Tompkins Financial Co. has a 1-year low of $43.09 and a 1-year high of $79.01.

Tompkins Financial (NYSEAMERICAN:TMPGet Free Report) last released its earnings results on Friday, October 25th. The financial services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.09. The firm had revenue of $112.51 million during the quarter. Tompkins Financial had a return on equity of 9.68% and a net margin of 15.59%. During the same quarter in the previous year, the company earned ($2.35) earnings per share.

Tompkins Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were paid a $0.62 dividend. 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 dividend yield of 3.73%. The ex-dividend date was Friday, November 8th. Tompkins Financial’s dividend payout ratio (DPR) is presently 53.56%.

About Tompkins Financial

(Free Report)

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.

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Institutional Ownership by Quarter for Tompkins Financial (NYSEAMERICAN:TMP)

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