Savant Capital LLC Sells 1,270 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP)

Savant Capital LLC cut its holdings in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 18.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,671 shares of the financial services provider’s stock after selling 1,270 shares during the period. Savant Capital LLC’s holdings in Tompkins Financial were worth $385,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Tompkins Financial during the fourth quarter valued at about $27,000. nVerses Capital LLC raised its position in shares of Tompkins Financial by 100.0% during the third quarter. nVerses Capital LLC now owns 600 shares of the financial services provider’s stock valued at $35,000 after buying an additional 300 shares during the last quarter. Versant Capital Management Inc raised its position in 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. Eastern Bank acquired a new position in Tompkins Financial in the third quarter worth about $67,000. Finally, GAMMA Investing LLC raised its position 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 worth $70,000 after purchasing an additional 157 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Tompkins Financial Price Performance

TMP opened at $69.69 on Tuesday. Tompkins Financial Co. has a one year low of $43.09 and a one year high of $79.01. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 1.11. The company has a market cap of $1.00 billion, a PE ratio of 14.08 and a beta of 0.73.

Tompkins Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 14th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.48 annualized dividend and a yield of 3.56%. Tompkins Financial’s dividend payout ratio is currently 50.10%.

Tompkins Financial 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.