UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 6,149 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 18.1% during the 3rd quarter, Holdings Channel reports. The firm owned 27,755 shares of the financial services provider’s stock after selling 6,149 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Tompkins Financial were worth $1,604,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC grew its holdings in shares of Tompkins Financial by 100.0% during the third 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. CWM LLC grew its holdings 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 acquiring an additional 638 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of 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. Eastern Bank bought a new position in shares of Tompkins Financial in the third quarter worth about $67,000. Finally, FMR LLC lifted its position in shares of Tompkins Financial by 14.3% during the third 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.

Tompkins Financial Trading Down 0.7 %

Shares of TMP stock opened at $75.88 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.92 and a quick ratio of 0.92. Tompkins Financial Co. has a 12 month low of $43.09 and a 12 month high of $79.01. The stock has a market capitalization of $1.09 billion, a P/E ratio of 16.25 and a beta of 0.72.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its quarterly earnings results on Friday, October 25th. The financial services provider reported $1.30 earnings per share 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 period last year, the firm earned ($2.35) earnings per share.

Tompkins Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were given a $0.62 dividend. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Friday, November 8th. Tompkins Financial’s dividend payout ratio (DPR) is currently 53.56%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upgraded shares of Tompkins Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock 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.