UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.60 Million Stock Holdings in Tompkins Financial Co. (NYSEAMERICAN:TMP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 18.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,755 shares of the financial services provider’s stock after selling 6,149 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of Tompkins Financial worth $1,604,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its stake in Tompkins Financial by 14.3% during the 3rd 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. nVerses Capital LLC increased its stake in Tompkins Financial by 100.0% in the 3rd quarter. nVerses Capital LLC now owns 600 shares of the financial services provider’s stock valued at $35,000 after buying an additional 300 shares during the period. Chicago Partners Investment Group LLC lifted its position in Tompkins Financial by 3.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 11,016 shares of the financial services provider’s stock worth $683,000 after buying an additional 317 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 valued at $51,000 after acquiring an additional 413 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Tompkins Financial by 253.2% during the 2nd quarter. CWM LLC now owns 890 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 638 shares in the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Tompkins Financial Stock Down 0.7 %

Shares of NYSEAMERICAN:TMP opened at $75.88 on Tuesday. 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 stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 16.25 and a beta of 0.72. Tompkins Financial Co. has a fifty-two week low of $43.09 and a fifty-two week high of $79.01.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its quarterly 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. The company had revenue of $112.51 million for the quarter. Tompkins Financial had a return on equity of 9.68% and a net margin of 15.59%. During the same quarter last year, the business earned ($2.35) EPS.

Tompkins Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Friday, November 8th. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.61. Tompkins Financial’s payout ratio is currently 53.56%.

Wall Street Analyst Weigh In

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

Tompkins Financial 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.