Charles Schwab Investment Management Inc. Sells 12,540 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP)

Charles Schwab Investment Management Inc. decreased its holdings in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,886 shares of the financial services provider’s stock after selling 12,540 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.94% of Tompkins Financial worth $9,217,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Intech Investment Management LLC acquired a new position in shares of Tompkins Financial in the third quarter valued at approximately $215,000. Alesco Advisors LLC bought a new position in shares of Tompkins Financial in the third quarter valued at about $219,000. FMR LLC raised its position in shares of Tompkins Financial by 14.3% in the third quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 216 shares during the period. BNP Paribas Financial Markets raised its position in shares of Tompkins Financial by 39.9% in the third quarter. BNP Paribas Financial Markets now owns 7,263 shares of the financial services provider’s stock valued at $420,000 after purchasing an additional 2,073 shares during the period. Finally, Centiva Capital LP bought a new position in shares of Tompkins Financial in the third quarter valued at about $299,000. Institutional investors and hedge funds own 69.11% of the company’s stock.

Tompkins Financial Price Performance

TMP stock opened at $63.92 on Friday. The stock has a market capitalization of $919.81 million, a PE ratio of 12.91 and a beta of 0.73. Tompkins Financial Co. has a 12 month low of $43.09 and a 12 month high of $79.01. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.96 and a quick ratio of 0.92.

Tompkins Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were issued 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 3.88%. Tompkins Financial’s dividend payout ratio (DPR) is presently 50.10%.

Analyst Upgrades and Downgrades

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

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.