Wellington Management Group LLP Buys Shares of 40,442 Tompkins Financial Co. (NYSEAMERICAN:TMP)

Wellington Management Group LLP purchased a new stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 40,442 shares of the financial services provider's stock, valued at approximately $2,743,000. Wellington Management Group LLP owned 0.28% of Tompkins Financial at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Tompkins Financial during the 4th quarter worth approximately $27,000. Versant Capital Management Inc raised its holdings 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 acquiring an additional 425 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Tompkins Financial by 17.9% during the fourth quarter. GAMMA Investing LLC now owns 1,034 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 157 shares during the last quarter. FMR LLC increased its position 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 purchasing an additional 216 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Tompkins Financial in the 4th quarter valued at about $163,000. Hedge funds and other institutional investors own 69.11% of the company's stock.

Tompkins Financial Stock Performance

NYSEAMERICAN:TMP traded down $0.07 during trading hours on Thursday, reaching $57.16. 10,466 shares of the company were exchanged, compared to its average volume of 55,321. Tompkins Financial Co. has a 52-week low of $43.32 and a 52-week high of $79.01. The company has a market cap of $822.52 million, a P/E ratio of 11.57 and a beta of 0.73. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 1.11.

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 $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 4.34%. Tompkins Financial's dividend payout ratio (DPR) is 50.10%.

Analyst Ratings Changes

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