Vanguard Group Inc. Raises Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Vanguard Group Inc. lifted its holdings in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,305,903 shares of the financial services provider's stock after buying an additional 4,173 shares during the period. Vanguard Group Inc. owned about 9.08% of Tompkins Financial worth $88,579,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in Tompkins Financial by 17.9% in the fourth quarter. GAMMA Investing LLC now owns 1,034 shares of the financial services provider's stock valued at $70,000 after buying an additional 157 shares in the last quarter. FMR LLC raised its holdings in Tompkins Financial by 14.3% during the third quarter. FMR LLC now owns 1,731 shares of the financial services provider's stock worth $100,000 after purchasing an additional 216 shares during the last quarter. Keybank National Association OH boosted its position in Tompkins Financial by 3.2% during the fourth quarter. Keybank National Association OH now owns 9,681 shares of the financial services provider's stock worth $657,000 after purchasing an additional 302 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Tompkins Financial in the fourth quarter valued at $27,000. Finally, Versant Capital Management Inc increased 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 valued at $41,000 after buying an additional 425 shares in the last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Tompkins Financial Trading Up 1.8 %

Shares of TMP traded up $1.04 during mid-day trading on Tuesday, reaching $57.82. 5,238 shares of the company's stock were exchanged, compared to its average volume of 52,701. Tompkins Financial Co. has a 52-week low of $43.32 and a 52-week high of $79.01. 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 stock has a market cap of $831.96 million, a price-to-earnings ratio of 11.68 and a beta of 0.73.

Tompkins Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were issued a $0.62 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.29%. Tompkins Financial's dividend payout ratio (DPR) is 50.10%.

Tompkins Financial Company 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.