Charles Schwab Investment Management Inc. cut its holdings in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,886 shares of the financial services provider's stock after selling 12,540 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.94% of Tompkins Financial worth $9,217,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Tompkins Financial during the 4th quarter valued at about $27,000. Versant Capital Management Inc grew its position in shares of 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 buying an additional 425 shares during the period. GAMMA Investing LLC lifted its stake 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 purchasing an additional 157 shares during the period. FMR LLC grew its position in shares of Tompkins Financial by 14.3% during the 3rd quarter. FMR LLC now owns 1,731 shares of the financial services provider's stock worth $100,000 after buying an additional 216 shares during the period. Finally, Cross Staff Investments Inc bought a new stake in shares of Tompkins Financial in the 4th quarter valued at about $216,000. Institutional investors and hedge funds own 69.11% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Piper Sandler started coverage on Tompkins Financial in a report on Friday, December 20th. They issued a "neutral" rating and a $70.00 price target on the stock.
Read Our Latest Stock Report on TMP
Tompkins Financial Stock Performance
Shares of TMP stock traded up $0.26 during trading on Wednesday, reaching $64.50. The company's stock had a trading volume of 29,719 shares, compared to its average volume of 52,776. The firm has a market cap of $928.16 million, a PE ratio of 13.03 and a beta of 0.73. Tompkins Financial Co. has a one year low of $43.09 and a one year high of $79.01. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 1.11.
Tompkins Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend was Friday, February 14th. Tompkins Financial's payout ratio is 50.10%.
Tompkins Financial Profile
(
Free Report)
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.
Further Reading
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