Alesco Advisors LLC Takes $219,000 Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Alesco Advisors LLC purchased a new position in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,796 shares of the financial services provider’s stock, valued at approximately $219,000.

Other hedge funds have also bought and sold shares of the company. nVerses Capital LLC raised its holdings 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 acquiring an additional 300 shares in the last quarter. CWM LLC lifted its position 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 purchasing an additional 638 shares during the period. GAMMA Investing LLC grew its stake in Tompkins Financial by 89.0% during the third quarter. GAMMA Investing LLC now owns 877 shares of the financial services provider’s stock worth $51,000 after buying an additional 413 shares in the last quarter. Eastern Bank bought a new position in Tompkins Financial in the 3rd quarter valued at about $67,000. Finally, EntryPoint Capital LLC increased its holdings in Tompkins Financial by 88.3% in the 1st quarter. EntryPoint Capital LLC now owns 1,474 shares of the financial services provider’s stock valued at $74,000 after buying an additional 691 shares during the period. 69.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TMP has been the topic of several analyst reports. StockNews.com upgraded shares of Tompkins Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. Keefe, Bruyette & Woods raised 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 report on Wednesday, October 2nd.

Tompkins Financial Trading Up 1.0 %

Tompkins Financial stock opened at $76.14 on Friday. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 16.29 and a beta of 0.67. The company has a current ratio of 0.92, a quick 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 $78.28.

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

Tompkins Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.26%. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.61. The ex-dividend date was Friday, November 8th. Tompkins Financial’s dividend payout ratio is presently 53.56%.

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.