Community Bank N.A. Cuts Stake in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Community Bank N.A. trimmed its holdings in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,500 shares of the financial services provider’s stock after selling 500 shares during the quarter. Community Bank N.A.’s holdings in Tompkins Financial were worth $237,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of TMP. Barclays PLC grew its stake in Tompkins Financial by 115.7% in the third quarter. Barclays PLC now owns 25,878 shares of the financial services provider’s stock worth $1,496,000 after purchasing an additional 13,878 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Tompkins Financial by 0.6% during the third quarter. Geode Capital Management LLC now owns 291,312 shares of the financial services provider’s stock worth $16,839,000 after buying an additional 1,766 shares during the period. Jane Street Group LLC raised its holdings in Tompkins Financial by 130.5% during the third quarter. Jane Street Group LLC now owns 25,100 shares of the financial services provider’s stock worth $1,451,000 after purchasing an additional 14,210 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Tompkins Financial by 17.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,324 shares of the financial services provider’s stock worth $2,735,000 after purchasing an additional 5,956 shares in the last quarter. Finally, FMR LLC raised its holdings in Tompkins Financial by 14.3% during the third quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 216 shares in the last quarter. 69.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Tompkins Financial Stock Performance

Tompkins Financial stock opened at $63.92 on Monday. The firm has a market cap 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 quick ratio of 0.92 and a current ratio of 0.96.

Tompkins Financial Dividend Announcement

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. This represents a $2.48 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend was Friday, February 14th. Tompkins Financial’s dividend payout ratio is presently 50.10%.

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.