RiverFront Investment Group LLC Takes $203,000 Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

RiverFront Investment Group LLC acquired a new stake in Tompkins Financial Co. (NYSEAMERICAN:TMP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,000 shares of the financial services provider’s stock, valued at approximately $203,000.

Other large investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in Tompkins Financial in the fourth quarter worth approximately $27,000. Versant Capital Management Inc grew its holdings in shares of Tompkins Financial by 238.8% in the 4th quarter. Versant Capital Management Inc now owns 603 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 425 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Tompkins Financial by 17.9% during the fourth quarter. GAMMA Investing LLC now owns 1,034 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 157 shares during the period. FMR LLC lifted its holdings in shares of Tompkins Financial by 14.3% during 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 last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Tompkins Financial in the 4th quarter valued at $163,000. Institutional investors own 69.11% of the company’s stock.

Tompkins Financial Stock Performance

TMP opened at $63.23 on Friday. The firm has a market capitalization of $909.88 million, a PE ratio of 12.77 and a beta of 0.73. 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 12-month low of $43.09 and a 12-month high of $79.01.

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 paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.92%. The ex-dividend date was Friday, February 14th. Tompkins Financial’s dividend payout ratio is currently 50.10%.

Analyst Upgrades and Downgrades

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

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.