Alesco Advisors LLC Acquires Shares of 3,796 Tompkins Financial Co. (NYSEAMERICAN:TMP)

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Tompkins Financial by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 571,421 shares of the financial services provider’s stock valued at $27,941,000 after acquiring an additional 34,752 shares during the period. Bank of New York Mellon Corp raised its holdings in Tompkins Financial by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 126,288 shares of the financial services provider’s stock worth $6,175,000 after purchasing an additional 11,140 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Tompkins Financial by 6.4% during the second quarter. Public Sector Pension Investment Board now owns 27,569 shares of the financial services provider’s stock worth $1,348,000 after purchasing an additional 1,662 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Tompkins Financial in the 2nd quarter valued at $1,112,000. Finally, WINTON GROUP Ltd increased its position in shares of Tompkins Financial by 32.9% in the 2nd quarter. WINTON GROUP Ltd now owns 20,168 shares of the financial services provider’s stock valued at $986,000 after buying an additional 4,996 shares in the last quarter. Institutional investors own 69.11% of the company’s stock.

Tompkins Financial Trading Up 1.0 %

Shares of Tompkins Financial stock opened at $76.14 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 current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.75. The company has a market cap of $1.10 billion, a PE ratio of 16.29 and a beta of 0.67.

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

Tompkins Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were issued a $0.62 dividend. This is an increase from Tompkins Financial’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend was Friday, November 8th. Tompkins Financial’s payout ratio is currently 53.56%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TMP. Keefe, Bruyette & Woods raised Tompkins Financial from a “market perform” rating to an “outperform” rating and increased their target price for the stock 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.

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.