Proficio Capital Partners LLC Makes New Investment in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Proficio Capital Partners LLC bought a new stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,487 shares of the financial services provider's stock, valued at approximately $1,661,000. Proficio Capital Partners LLC owned 0.17% of Tompkins Financial at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TMP. Wilmington Savings Fund Society FSB bought a new stake in Tompkins Financial during the 4th quarter valued at $27,000. Versant Capital Management Inc grew its stake 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 buying an additional 425 shares during the last quarter. GAMMA Investing LLC grew its position in Tompkins Financial by 17.9% during the 4th quarter. GAMMA Investing LLC now owns 1,034 shares of the financial services provider's stock worth $70,000 after purchasing an additional 157 shares during the last quarter. FMR LLC increased its stake 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 purchasing an additional 216 shares in the last quarter. Finally, Cross Staff Investments Inc purchased a new position in shares of Tompkins Financial in the fourth quarter worth $216,000. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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Tompkins Financial Price Performance

NYSEAMERICAN:TMP traded down $3.21 during midday trading on Monday, hitting $62.44. The company's stock had a trading volume of 67,337 shares, compared to its average volume of 48,999. Tompkins Financial Co. has a fifty-two week low of $43.09 and a fifty-two week high of $79.01. 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 company has a market cap of $898.51 million, a PE ratio of 12.61 and a beta of 0.73.

Tompkins Financial Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Friday, February 14th. Tompkins Financial's dividend payout ratio is currently 50.10%.

About Tompkins Financial

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.