Bank of New York Mellon Corp Raises Stock Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Bank of New York Mellon Corp boosted its position in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 20.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,613 shares of the financial services provider’s stock after acquiring an additional 22,851 shares during the period. Bank of New York Mellon Corp owned 0.94% of Tompkins Financial worth $9,199,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in Tompkins Financial during the 4th quarter valued at $27,000. Versant Capital Management Inc raised its holdings in Tompkins Financial by 238.8% during 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 during the last quarter. GAMMA Investing LLC raised its holdings 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 valued at $70,000 after buying an additional 157 shares during the last quarter. FMR LLC raised its holdings in Tompkins Financial by 14.3% during 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 last quarter. Finally, Intech Investment Management LLC bought a new stake in Tompkins Financial during the 3rd quarter valued at $215,000. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Tompkins Financial Stock Up 1.7 %

Shares of TMP opened at $64.45 on Friday. 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 company has a market cap of $927.44 million, a price-to-earnings ratio of 13.02 and a beta of 0.73.

Tompkins Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were given a $0.62 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.48 dividend on an annualized basis and a yield of 3.85%. Tompkins Financial’s dividend payout ratio is presently 50.10%.

Wall Street Analysts Forecast Growth

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 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.