Connor Clark & Lunn Investment Management Ltd. Takes Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Connor Clark & Lunn Investment Management Ltd. bought a new position in Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 11,643 shares of the financial services provider's stock, valued at approximately $790,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.08% of Tompkins Financial as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in Tompkins Financial by 139.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 62,286 shares of the financial services provider's stock worth $3,600,000 after acquiring an additional 36,231 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Tompkins Financial during the 4th quarter valued at approximately $1,661,000. Bank of New York Mellon Corp lifted its holdings in Tompkins Financial by 20.3% in the 4th quarter. Bank of New York Mellon Corp now owns 135,613 shares of the financial services provider's stock worth $9,199,000 after buying an additional 22,851 shares during the period. Cornell Pochily Investment Advisors Inc. lifted its holdings in Tompkins Financial by 14.5% in the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 122,701 shares of the financial services provider's stock worth $8,323,000 after buying an additional 15,500 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Tompkins Financial by 130.5% in the 3rd quarter. Jane Street Group LLC now owns 25,100 shares of the financial services provider's stock worth $1,451,000 after buying an additional 14,210 shares during the last quarter. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

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Tompkins Financial Price Performance

TMP stock traded down $0.68 during trading on Tuesday, reaching $64.24. The company had a trading volume of 42,791 shares, compared to its average volume of 52,810. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.96 and a quick ratio of 0.92. Tompkins Financial Co. has a 52 week low of $43.09 and a 52 week high of $79.01. The company has a market cap of $924.41 million, a P/E ratio of 12.98 and a beta of 0.73.

Tompkins Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.48 annualized dividend and a yield of 3.86%. Tompkins Financial's payout ratio is 50.10%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler started coverage on Tompkins Financial in a research note on Friday, December 20th. They issued a "neutral" rating and a $70.00 price target for the company.

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.