Tompkins Financial Co. (NYSEAMERICAN:TMP) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its position in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 22.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,272 shares of the financial services provider’s stock after selling 7,989 shares during the period. State of New Jersey Common Pension Fund D owned 0.20% of Tompkins Financial worth $1,918,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC raised its stake in shares of Tompkins Financial by 115.7% in the 3rd quarter. Barclays PLC now owns 25,878 shares of the financial services provider’s stock valued at $1,496,000 after acquiring an additional 13,878 shares during the period. Geode Capital Management LLC raised its position 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 period. Jane Street Group LLC boosted its position in shares of Tompkins Financial by 130.5% during the third quarter. Jane Street Group LLC now owns 25,100 shares of the financial services provider’s stock worth $1,451,000 after buying an additional 14,210 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Tompkins Financial by 17.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,324 shares of the financial services provider’s stock valued at $2,735,000 after buying an additional 5,956 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of 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 period. Institutional investors and hedge funds own 69.11% of the company’s stock.

Tompkins Financial Trading Down 1.7 %

Shares of NYSEAMERICAN TMP opened at $67.57 on Tuesday. 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 Co. has a 52 week low of $43.09 and a 52 week high of $79.01. The stock has a market capitalization of $972.33 million, a P/E ratio of 13.65 and a beta of 0.73.

Tompkins Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.48 annualized dividend and a dividend yield of 3.67%. Tompkins Financial’s dividend payout ratio is currently 50.10%.

Wall Street Analyst Weigh In

Separately, Piper Sandler began coverage on Tompkins Financial in a research note on Friday, December 20th. They set a “neutral” rating and a $70.00 target price 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.