Tompkins Financial Co. (NYSEAMERICAN:TMP) Shares Sold by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC lowered its stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,748 shares of the financial services provider’s stock after selling 2,132 shares during the period. United Capital Financial Advisors LLC owned 0.16% of Tompkins Financial worth $1,543,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TMP. Vanguard Group Inc. lifted its stake in shares of Tompkins Financial by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,305,903 shares of the financial services provider’s stock worth $88,579,000 after purchasing an additional 4,173 shares during the period. Geode Capital Management LLC increased its stake in Tompkins Financial by 0.6% in the third quarter. Geode Capital Management LLC now owns 291,312 shares of the financial services provider’s stock valued at $16,839,000 after purchasing an additional 1,766 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Tompkins Financial by 20.3% during the fourth quarter. Bank of New York Mellon Corp now owns 135,613 shares of the financial services provider’s stock worth $9,199,000 after buying an additional 22,851 shares during the period. American Century Companies Inc. boosted its stake in Tompkins Financial by 50.2% in the 4th quarter. American Century Companies Inc. now owns 123,654 shares of the financial services provider’s stock worth $8,387,000 after buying an additional 41,329 shares during the last quarter. Finally, Cornell Pochily Investment Advisors Inc. grew its holdings in Tompkins Financial by 14.5% in the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 122,701 shares of the financial services provider’s stock valued at $8,323,000 after buying an additional 15,500 shares during the period. Institutional investors and hedge funds own 69.11% of the company’s stock.

Tompkins Financial Price Performance

Shares of TMP stock opened at $57.08 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 1.11. Tompkins Financial Co. has a 52 week low of $43.32 and a 52 week high of $79.01. The firm has a market capitalization of $821.38 million, a PE ratio of 11.53 and a beta of 0.73.

Tompkins Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 4.34%. The ex-dividend date was Friday, February 14th. Tompkins Financial’s payout ratio is 50.10%.

Wall Street Analyst Weigh In

Separately, Piper Sandler initiated coverage on Tompkins Financial in a research report on Friday, December 20th. They issued a “neutral” rating and a $70.00 target price on the stock.

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.