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

State of New Jersey Common Pension Fund D decreased its holdings in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 12.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. 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 owned approximately 0.25% of Tompkins Financial worth $2,096,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. nVerses Capital LLC increased 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 purchasing an additional 300 shares during the last quarter. GAMMA Investing LLC increased 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 valued at $51,000 after buying an additional 413 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 valued at $44,000 after buying an additional 638 shares in the last quarter. Eastern Bank bought a new position in Tompkins Financial during the 3rd quarter worth approximately $67,000. Finally, EntryPoint Capital LLC grew its position in shares of Tompkins Financial by 88.3% in the 1st quarter. EntryPoint Capital LLC now owns 1,474 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 691 shares in the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Tompkins Financial Price Performance

Shares of NYSEAMERICAN TMP opened at $75.45 on Friday. Tompkins Financial Co. has a 12-month low of $43.09 and a 12-month high of $78.28. The company has a market capitalization of $1.09 billion, a P/E ratio of 16.30 and a beta of 0.67. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.92 and a current ratio of 0.92.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its earnings results on Friday, October 25th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business posted ($2.35) earnings per share.

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 issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.29%. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, November 8th. Tompkins Financial’s dividend payout ratio is 53.56%.

Wall Street Analysts Forecast Growth

TMP has been the subject of a number of research reports. StockNews.com raised shares of Tompkins Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Keefe, Bruyette & Woods raised shares of Tompkins Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $59.00 to $68.00 in a research report on Wednesday, October 2nd.

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.