Yousif Capital Management LLC Trims Stock Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Yousif Capital Management LLC cut its stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 5.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,688 shares of the financial services provider’s stock after selling 382 shares during the period. Yousif Capital Management LLC’s holdings in Tompkins Financial were worth $373,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TMP. Lazard Asset Management LLC acquired a new position in Tompkins Financial during the 4th quarter worth approximately $28,000. Captrust Financial Advisors increased its position in Tompkins Financial by 192.3% during the 1st quarter. Captrust Financial Advisors now owns 532 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 350 shares during the period. Allspring Global Investments Holdings LLC increased its position in Tompkins Financial by 121.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 938 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 514 shares during the period. Quantbot Technologies LP acquired a new position in Tompkins Financial during the 2nd quarter worth approximately $76,000. Finally, PNC Financial Services Group Inc. increased its position in Tompkins Financial by 11.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,559 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 166 shares during the period. 63.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TMP has been the topic of several recent analyst reports. StockNews.com assumed coverage on Tompkins Financial in a research report on Thursday, October 5th. They set a “sell” rating on the stock. Keefe, Bruyette & Woods lowered their price target on Tompkins Financial from $56.00 to $55.00 and set a “market perform” rating on the stock in a report on Tuesday, July 25th. Finally, Piper Sandler upped their price target on Tompkins Financial from $50.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, October 2nd.

Tompkins Financial Stock Performance

Shares of NYSEAMERICAN:TMP opened at $51.02 on Friday. The company’s fifty day moving average is $69.42. The firm has a market cap of $732.65 million, a PE ratio of 53.71 and a beta of 0.62. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48. Tompkins Financial Co. has a one year low of $46.85 and a one year high of $85.00.

Tompkins Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, November 7th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date is Monday, November 6th. Tompkins Financial’s dividend payout ratio is presently 252.63%.

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 in 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.