AlphaQuest LLC Raises Holdings in Tompkins Financial Co. (NYSEAMERICAN:TMP)

AlphaQuest LLC grew its stake in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 363,100.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,632 shares of the financial services provider’s stock after buying an additional 3,631 shares during the quarter. AlphaQuest LLC’s holdings in Tompkins Financial were worth $246,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atria Investments Inc lifted its position in shares of Tompkins Financial by 32.8% during the 3rd quarter. Atria Investments Inc now owns 6,943 shares of the financial services provider’s stock worth $401,000 after purchasing an additional 1,713 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Tompkins Financial during the 3rd quarter worth about $215,000. Alesco Advisors LLC acquired a new position in shares of Tompkins Financial during the 3rd quarter worth about $219,000. FMR LLC increased 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 acquiring an additional 216 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Tompkins Financial by 39.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,263 shares of the financial services provider’s stock worth $420,000 after acquiring an additional 2,073 shares in the last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Tompkins Financial Stock Performance

NYSEAMERICAN TMP opened at $64.45 on Friday. 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 Co. has a 1 year low of $43.09 and a 1 year high of $79.01. The firm has a market capitalization of $927.44 million, a price-to-earnings ratio of 13.02 and a beta of 0.73.

Tompkins Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Friday, February 14th. Tompkins Financial’s dividend payout ratio (DPR) is 50.10%.

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.