Teacher Retirement System of Texas Buys New Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Teacher Retirement System of Texas acquired a new stake in Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,747 shares of the financial services provider's stock, valued at approximately $1,204,000. Teacher Retirement System of Texas owned about 0.12% of Tompkins Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of TMP. Intech Investment Management LLC bought a new position in Tompkins Financial during the third quarter worth about $215,000. FMR LLC boosted 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 worth $100,000 after acquiring an additional 216 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Tompkins Financial by 39.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,263 shares of the financial services provider's stock worth $420,000 after acquiring an additional 2,073 shares during the last quarter. Centiva Capital LP acquired a new position in Tompkins Financial during the third quarter valued at approximately $299,000. Finally, Jane Street Group LLC increased its stake in Tompkins Financial by 130.5% in the third quarter. Jane Street Group LLC now owns 25,100 shares of the financial services provider's stock valued at $1,451,000 after purchasing an additional 14,210 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company's stock.

Wall Street Analysts Forecast Growth

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

Tompkins Financial Trading Up 1.2 %

Shares of NYSEAMERICAN TMP traded up $0.76 during mid-day trading on Wednesday, reaching $63.35. 37,524 shares of the company's stock were exchanged, compared to its average volume of 55,306. 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 Co. has a twelve month low of $43.09 and a twelve month high of $79.01. The firm has a market cap of $911.61 million, a P/E ratio of 12.80 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 paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date was Friday, February 14th. Tompkins Financial's 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.