Proficio Capital Partners LLC Takes $1.66 Million Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Proficio Capital Partners LLC purchased a new position in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,487 shares of the financial services provider’s stock, valued at approximately $1,661,000. Proficio Capital Partners LLC owned 0.17% of Tompkins Financial as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Atria Investments Inc grew its stake in Tompkins Financial by 17.3% during the fourth quarter. Atria Investments Inc now owns 8,145 shares of the financial services provider’s stock worth $552,000 after buying an additional 1,202 shares during the last quarter. Keybank National Association OH increased its holdings in Tompkins Financial by 3.2% during the 4th quarter. Keybank National Association OH now owns 9,681 shares of the financial services provider’s stock valued at $657,000 after purchasing an additional 302 shares in the last quarter. Bailard Inc. bought a new position in Tompkins Financial in the 4th quarter valued at $712,000. Bank of New York Mellon Corp increased its stake in shares of Tompkins Financial by 20.3% in the fourth quarter. Bank of New York Mellon Corp now owns 135,613 shares of the financial services provider’s stock valued at $9,199,000 after buying an additional 22,851 shares in the last quarter. Finally, Cardinal Capital Management increased its stake in shares of Tompkins Financial by 5.4% in the fourth quarter. Cardinal Capital Management now owns 16,766 shares of the financial services provider’s stock valued at $1,137,000 after buying an additional 855 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors.

Tompkins Financial Stock Performance

Shares of NYSEAMERICAN:TMP opened at $64.62 on Thursday. The firm has a market cap of $929.88 million, a P/E ratio of 13.05 and a beta of 0.73. 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 12 month low of $43.09 and a 12 month high of $79.01.

Tompkins Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were paid a dividend of $0.62 per share. The ex-dividend date was Friday, February 14th. This represents a $2.48 annualized dividend and a dividend yield of 3.84%. Tompkins Financial’s dividend payout ratio is currently 50.10%.

Wall Street Analysts Forecast Growth

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

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.