Tompkins Financial Co. (NYSEAMERICAN:TMP) Sees Large Decline in Short Interest

Tompkins Financial Co. (NYSEAMERICAN:TMP) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 109,100 shares, a drop of 25.5% from the September 15th total of 146,500 shares. Based on an average daily trading volume, of 56,000 shares, the short-interest ratio is presently 1.9 days. Approximately 0.8% of the company’s stock are sold short.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Tompkins Financial

A number of hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in Tompkins Financial by 89.0% in 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 during the period. CWM LLC increased its stake in shares of Tompkins Financial by 253.2% in the second quarter. CWM LLC now owns 890 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 638 shares in the last quarter. EntryPoint Capital LLC raised its position in shares of 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 purchasing an additional 691 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Tompkins Financial by 107.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,801 shares of the financial services provider’s stock valued at $108,000 after buying an additional 932 shares in the last quarter. Finally, LVW Advisors LLC bought a new position in Tompkins Financial in the 3rd quarter worth approximately $236,000. Institutional investors own 69.11% of the company’s stock.

Tompkins Financial Trading Up 4.7 %

Shares of TMP traded up $2.93 on Tuesday, reaching $65.28. The company’s stock had a trading volume of 14,785 shares, compared to its average volume of 59,888. Tompkins Financial has a twelve month low of $43.09 and a twelve month high of $65.54. The firm has a market capitalization of $940.03 million, a PE ratio of 63.62 and a beta of 0.69. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.94 and a quick ratio of 0.94.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its quarterly earnings data on Friday, July 26th. The financial services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.20. The firm had revenue of $107.02 million during the quarter. Tompkins Financial had a return on equity of 2.16% and a net margin of 4.11%.

Tompkins Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were issued a $0.61 dividend. The ex-dividend date was Friday, August 9th. This represents a $2.44 annualized dividend and a dividend yield of 3.74%. Tompkins Financial’s dividend payout ratio is currently 248.98%.

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.