Tompkins Financial Co. (NYSEAMERICAN:TMP) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its stake in Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) by 50.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 123,654 shares of the financial services provider's stock after purchasing an additional 41,329 shares during the quarter. American Century Companies Inc. owned 0.86% of Tompkins Financial worth $8,387,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new position in Tompkins Financial during the fourth quarter worth about $27,000. Versant Capital Management Inc increased its position in Tompkins Financial by 238.8% during the 4th quarter. Versant Capital Management Inc now owns 603 shares of the financial services provider's stock worth $41,000 after purchasing an additional 425 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Tompkins Financial by 17.9% in the 4th quarter. GAMMA Investing LLC now owns 1,034 shares of the financial services provider's stock valued at $70,000 after buying an additional 157 shares during the period. FMR LLC boosted its stake in shares of Tompkins Financial by 14.3% in the third quarter. FMR LLC now owns 1,731 shares of the financial services provider's stock valued at $100,000 after buying an additional 216 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in Tompkins Financial during the third quarter worth $215,000. Institutional investors and hedge funds own 69.11% of the company's stock.

Tompkins Financial Price Performance

Shares of NYSEAMERICAN:TMP traded down $0.98 during trading on Tuesday, hitting $56.55. 58,801 shares of the stock were exchanged, compared to its average volume of 55,708. The firm has a market capitalization of $813.75 million, a price-to-earnings ratio of 11.42 and a beta of 0.73. 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 12-month low of $43.09 and a 12-month high of $79.01.

Tompkins Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 4.39%. The ex-dividend date was Friday, February 14th. Tompkins Financial's dividend payout ratio (DPR) is 50.10%.

Analyst Upgrades and Downgrades

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

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.