Tompkins Financial Co. (NYSEAMERICAN:TMP) Position Boosted by Cardinal Capital Management

Cardinal Capital Management boosted its position in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 23.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 15,911 shares of the financial services provider’s stock after buying an additional 3,048 shares during the period. Cardinal Capital Management’s holdings in Tompkins Financial were worth $919,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TMP. nVerses Capital LLC lifted its position in shares of Tompkins Financial by 100.0% in the 3rd quarter. nVerses Capital LLC now owns 600 shares of the financial services provider’s stock worth $35,000 after buying an additional 300 shares during the last quarter. CWM LLC raised its stake in Tompkins Financial by 253.2% during the second quarter. CWM LLC now owns 890 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 638 shares during the period. GAMMA Investing LLC lifted its holdings in Tompkins Financial by 89.0% in the third quarter. GAMMA Investing LLC now owns 877 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 413 shares during the last quarter. EntryPoint Capital LLC boosted its stake in Tompkins Financial by 88.3% in 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 during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Tompkins Financial by 107.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,801 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 932 shares during the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

Tompkins Financial Stock Performance

NYSEAMERICAN TMP opened at $64.17 on Friday. The stock has a market capitalization of $924.05 million, a price-to-earnings ratio of 65.48 and a beta of 0.69. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.14. Tompkins Financial Co. has a 52 week low of $43.09 and a 52 week high of $65.99.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its earnings results on Friday, July 26th. The financial services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.90 by $0.20. Tompkins Financial had a return on equity of 2.16% and a net margin of 4.11%. The firm had revenue of $107.02 million for the quarter.

Tompkins Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 9th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Friday, August 9th. Tompkins Financial’s payout ratio is currently 248.98%.

Wall Street Analyst Weigh In

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

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.