LPL Financial LLC Raises Stock Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

LPL Financial LLC grew its position in Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) by 476.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,626 shares of the financial services provider's stock after acquiring an additional 26,135 shares during the quarter. LPL Financial LLC owned about 0.22% of Tompkins Financial worth $2,145,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TMP. Wilmington Savings Fund Society FSB bought a new position in Tompkins Financial in the 4th quarter valued at $27,000. Versant Capital Management Inc increased its stake in Tompkins Financial by 238.8% in 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 increased its stake in Tompkins Financial by 17.9% in the 4th quarter. GAMMA Investing LLC now owns 1,034 shares of the financial services provider's stock worth $70,000 after buying an additional 157 shares during the period. FMR LLC lifted its holdings in Tompkins Financial by 14.3% during the 3rd 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, KLP Kapitalforvaltning AS purchased a new stake in Tompkins Financial in the 4th quarter valued at about $163,000. Institutional investors own 69.11% of the company's stock.

Wall Street Analyst Weigh In

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

Tompkins Financial Stock Performance

Shares of Tompkins Financial stock traded down $0.15 during trading on Friday, hitting $57.08. 47,919 shares of the stock traded hands, compared to its average volume of 55,307. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 1.11. The firm has a market cap of $821.38 million, a P/E ratio of 11.53 and a beta of 0.73. Tompkins Financial Co. has a 52-week low of $43.32 and a 52-week high of $79.01.

Tompkins Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date was Friday, February 14th. Tompkins Financial's dividend payout ratio (DPR) is 50.10%.

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.