Tompkins Financial Co. (NYSEAMERICAN:TMP) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 12.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,261 shares of the financial services provider’s stock after selling 5,133 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Tompkins Financial were worth $2,096,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Tompkins Financial by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 571,421 shares of the financial services provider’s stock valued at $27,941,000 after buying an additional 34,752 shares during the period. Bank of New York Mellon Corp lifted its holdings in Tompkins Financial by 9.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 126,288 shares of the financial services provider’s stock valued at $6,175,000 after acquiring an additional 11,140 shares during the last quarter. Public Sector Pension Investment Board boosted its position in shares of Tompkins Financial by 6.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 27,569 shares of the financial services provider’s stock valued at $1,348,000 after purchasing an additional 1,662 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Tompkins Financial in the 2nd quarter worth approximately $1,112,000. Finally, WINTON GROUP Ltd raised its holdings in shares of Tompkins Financial by 32.9% in the 2nd quarter. WINTON GROUP Ltd now owns 20,168 shares of the financial services provider’s stock worth $986,000 after purchasing an additional 4,996 shares in the last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Tompkins Financial Price Performance

Shares of TMP opened at $75.45 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $1.09 billion, a P/E ratio of 16.30 and a beta of 0.67. Tompkins Financial Co. has a 1-year low of $43.09 and a 1-year high of $78.28.

Tompkins Financial (NYSEAMERICAN:TMP) 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 business 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 period last year, the business 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. Stockholders of record on Friday, November 8th were issued a $0.62 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.29%. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.61. Tompkins Financial’s dividend payout ratio is presently 53.56%.

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.