Teacher Retirement System of Texas Invests $1.20 Million in Tompkins Financial Co. (NYSEAMERICAN:TMP)

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

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in Tompkins Financial in the 4th quarter valued at approximately $27,000. Versant Capital Management Inc lifted its position in shares of Tompkins Financial by 238.8% in the fourth quarter. Versant Capital Management Inc now owns 603 shares of the financial services provider's stock worth $41,000 after purchasing an additional 425 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Tompkins Financial by 17.9% during the fourth 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% in 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 during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Tompkins Financial in the 3rd quarter valued at $215,000. Institutional investors and hedge funds own 69.11% of the company's stock.

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Tompkins Financial Price Performance

Shares of TMP traded down $0.25 during trading hours on Monday, hitting $62.98. The company had a trading volume of 67,307 shares, compared to its average volume of 52,015. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.96 and a quick ratio of 0.92. The firm has a market capitalization of $906.28 million, a PE ratio of 12.72 and a beta of 0.73. Tompkins Financial Co. has a 12 month low of $43.09 and a 12 month high of $79.01.

Tompkins Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date was Friday, February 14th. Tompkins Financial's dividend payout ratio is presently 50.10%.

Analyst Upgrades and Downgrades

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

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.