Proficio Capital Partners LLC Invests $1.66 Million in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Proficio Capital Partners LLC bought a new stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Atria Investments Inc raised its stake in Tompkins Financial by 17.3% during the 4th quarter. Atria Investments Inc now owns 8,145 shares of the financial services provider's stock valued at $552,000 after purchasing an additional 1,202 shares during the period. Keybank National Association OH increased its stake in Tompkins Financial by 3.2% in the 4th quarter. Keybank National Association OH now owns 9,681 shares of the financial services provider's stock worth $657,000 after acquiring an additional 302 shares during the last quarter. Bailard Inc. bought a new stake in Tompkins Financial in the 4th quarter worth approximately $712,000. Bank of New York Mellon Corp increased its stake in Tompkins Financial by 20.3% in the 4th quarter. Bank of New York Mellon Corp now owns 135,613 shares of the financial services provider's stock worth $9,199,000 after acquiring an additional 22,851 shares during the last quarter. Finally, Cardinal Capital Management increased its stake in Tompkins Financial by 5.4% in the 4th quarter. Cardinal Capital Management now owns 16,766 shares of the financial services provider's stock worth $1,137,000 after acquiring an additional 855 shares during the last quarter. Institutional investors own 69.11% of the company's stock.

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Analyst Upgrades and Downgrades

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

Tompkins Financial Price Performance

TMP traded up $0.17 during trading hours on Friday, reaching $63.92. 198,105 shares of the company's stock traded hands, compared to its average volume of 52,824. Tompkins Financial Co. has a 52-week low of $43.09 and a 52-week 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. The stock has a market cap of $919.81 million, a P/E ratio of 12.91 and a beta of 0.73.

Tompkins Financial Announces Dividend

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 dividend yield of 3.88%. The ex-dividend date of this dividend was Friday, February 14th. Tompkins Financial's dividend payout ratio is 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.