Hotchkis & Wiley Capital Management LLC Decreases Stock Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Hotchkis & Wiley Capital Management LLC trimmed its holdings in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 14.3% during the third quarter, Holdings Channel reports. The firm owned 115,090 shares of the financial services provider’s stock after selling 19,190 shares during the quarter. Hotchkis & Wiley Capital Management LLC’s holdings in Tompkins Financial were worth $6,651,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of TMP. nVerses Capital LLC increased its position in shares of Tompkins Financial by 100.0% in the third quarter. nVerses Capital LLC now owns 600 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 300 shares in the last quarter. CWM LLC lifted its position in Tompkins Financial by 253.2% during the 2nd quarter. CWM LLC now owns 890 shares of the financial services provider’s stock worth $44,000 after buying an additional 638 shares in the last quarter. GAMMA Investing LLC lifted its position in 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 purchasing an additional 413 shares during the period. Eastern Bank acquired a new stake in shares of Tompkins Financial in the 3rd quarter valued at approximately $67,000. Finally, FMR LLC increased 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 worth $100,000 after purchasing an additional 216 shares in the last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised Tompkins Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $59.00 to $68.00 in a report on Wednesday, October 2nd.

Tompkins Financial Trading Down 1.3 %

Shares of Tompkins Financial stock opened at $76.30 on Friday. The firm has a market cap of $1.10 billion, a P/E ratio of 16.48 and a beta of 0.72. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.75. Tompkins Financial Co. has a 12-month low of $43.09 and a 12-month high of $79.01.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its quarterly earnings results on Friday, October 25th. The financial services provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.09. Tompkins Financial had a return on equity of 9.68% and a net margin of 15.59%. The firm had revenue of $112.51 million for the quarter. During the same period in the prior year, the company earned ($2.35) EPS.

Tompkins Financial Increases Dividend

The business also recently declared 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 yield of 3.25%. 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 (DPR) is presently 53.56%.

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.