Tompkins Financial Co. (NYSEAMERICAN:TMP) Short Interest Down 25.5% in September

Tompkins Financial Co. (NYSEAMERICAN:TMP) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totalling 109,100 shares, a decline of 25.5% from the September 15th total of 146,500 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average trading volume of 56,000 shares, the short-interest ratio is presently 1.9 days.

Hedge Funds Weigh In On Tompkins Financial

A number of hedge funds have recently added to or reduced their stakes in TMP. LVW Advisors LLC acquired a new stake in shares of Tompkins Financial during the 3rd quarter worth approximately $236,000. GAMMA Investing LLC grew its stake in Tompkins Financial by 89.0% during the 3rd quarter. GAMMA Investing LLC now owns 877 shares of the financial services provider’s stock worth $51,000 after buying an additional 413 shares during the last quarter. SG Americas Securities LLC lifted its stake in Tompkins Financial by 57.2% in the third quarter. SG Americas Securities LLC now owns 9,070 shares of the financial services provider’s stock valued at $524,000 after buying an additional 3,302 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Tompkins Financial during the second quarter valued at $468,000. Finally, Bank of Montreal Can acquired a new position in shares of Tompkins Financial during the second quarter valued at $1,112,000. Institutional investors and hedge funds own 69.11% of the company’s stock.

Tompkins Financial Stock Performance

TMP stock traded up $2.81 during trading on Friday, reaching $61.98. The stock had a trading volume of 28,870 shares, compared to its average volume of 56,187. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $892.51 million, a P/E ratio of 63.24 and a beta of 0.69. Tompkins Financial has a 1-year low of $43.09 and a 1-year high of $65.54.

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

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 given a $0.61 dividend. The ex-dividend date was Friday, August 9th. This represents a $2.44 annualized dividend and a dividend yield of 3.94%. Tompkins Financial’s payout ratio is 248.98%.

Analyst Ratings Changes

A number of research firms recently commented on TMP. Keefe, Bruyette & Woods raised 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 report on Wednesday, October 2nd. StockNews.com upgraded Tompkins Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd.

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.