Principal Financial Group Inc. Has $4.12 Million Stock Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Principal Financial Group Inc. raised its holdings in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,723 shares of the financial services provider’s stock after buying an additional 1,660 shares during the quarter. Principal Financial Group Inc. owned 0.42% of Tompkins Financial worth $4,119,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new position in shares of Tompkins Financial during the 4th quarter worth about $27,000. Versant Capital Management Inc increased its position in Tompkins Financial by 238.8% in the 4th 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. GAMMA Investing LLC raised its stake in Tompkins Financial by 17.9% during the 4th quarter. GAMMA Investing LLC now owns 1,034 shares of the financial services provider’s stock worth $70,000 after buying an additional 157 shares during the period. FMR LLC boosted its holdings in Tompkins Financial by 14.3% in the third quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 216 shares in the last quarter. Finally, Cross Staff Investments Inc acquired a new stake in Tompkins Financial in the fourth quarter valued at approximately $216,000. 69.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Tompkins Financial Trading Down 1.1 %

Shares of NYSEAMERICAN TMP opened at $68.14 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 1 year low of $43.09 and a 1 year high of $79.01. The stock has a market cap of $980.53 million, a PE ratio of 13.77 and a beta of 0.73.

Tompkins Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Friday, February 14th. Tompkins Financial’s dividend payout ratio (DPR) is presently 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.