Bank of New York Mellon Corp Buys 22,851 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP)

Bank of New York Mellon Corp raised its stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) by 20.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 135,613 shares of the financial services provider's stock after buying an additional 22,851 shares during the period. Bank of New York Mellon Corp owned about 0.94% of Tompkins Financial worth $9,199,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Tompkins Financial by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 291,312 shares of the financial services provider's stock valued at $16,839,000 after purchasing an additional 1,766 shares in the last quarter. Cornell Pochily Investment Advisors Inc. raised its holdings in shares of Tompkins Financial by 14.5% during the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 122,701 shares of the financial services provider's stock valued at $8,323,000 after purchasing an additional 15,500 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Tompkins Financial by 139.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 62,286 shares of the financial services provider's stock valued at $3,600,000 after purchasing an additional 36,231 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Tompkins Financial by 2.8% during the 4th quarter. Principal Financial Group Inc. now owns 60,723 shares of the financial services provider's stock valued at $4,119,000 after purchasing an additional 1,660 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Tompkins Financial by 17.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 40,324 shares of the financial services provider's stock valued at $2,735,000 after purchasing an additional 5,956 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company's stock.

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Tompkins Financial Stock Performance

TMP traded down $0.18 during trading on Tuesday, hitting $63.96. The stock had a trading volume of 63,425 shares, compared to its average volume of 50,055. The company has a market capitalization of $920.38 million, a PE ratio of 12.92 and a beta of 0.73. Tompkins Financial Co. has a 12 month low of $43.09 and a 12 month high of $79.01. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were issued 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 3.88%. Tompkins Financial's dividend payout ratio (DPR) is presently 50.10%.

Wall Street Analyst Weigh In

Separately, Piper Sandler assumed coverage on shares of Tompkins Financial in a report on Friday, December 20th. They issued a "neutral" rating and a $70.00 target price on the stock.

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.