Signaturefd LLC Has $30,000 Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Signaturefd LLC increased its position in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 366.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 490 shares of the financial services provider’s stock after purchasing an additional 385 shares during the period. Signaturefd LLC’s holdings in Tompkins Financial were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TMP. SG Americas Securities LLC acquired a new stake in Tompkins Financial during the 3rd quarter worth approximately $139,000. Waldron Private Wealth LLC bought a new position in Tompkins Financial during the 3rd quarter worth $527,000. CNB Bank bought a new position in Tompkins Financial during the 3rd quarter worth $28,000. Illinois Municipal Retirement Fund bought a new position in Tompkins Financial during the 3rd quarter worth $373,000. Finally, Barclays PLC increased its stake in Tompkins Financial by 8.2% during the 3rd quarter. Barclays PLC now owns 15,832 shares of the financial services provider’s stock worth $776,000 after acquiring an additional 1,205 shares during the period. 69.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TMP. Keefe, Bruyette & Woods restated a “market perform” rating and set a $50.00 price objective (down previously from $55.00) on shares of Tompkins Financial in a research note on Friday. StockNews.com upgraded Tompkins Financial to a “sell” rating in a research note on Friday, January 12th.

Insider Activity

In other Tompkins Financial news, Director Ita M. Rahilly purchased 1,982 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were bought at an average price of $50.46 per share, for a total transaction of $100,011.72. Following the purchase, the director now owns 8,454 shares in the company, valued at approximately $426,588.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.50% of the company’s stock.

Tompkins Financial Trading Up 1.0 %

Shares of TMP opened at $47.32 on Friday. Tompkins Financial Co. has a 52-week low of $43.09 and a 52-week high of $65.54. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $681.88 million, a PE ratio of 100.68 and a beta of 0.67.

Tompkins Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 10th will be paid a $0.61 dividend. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.44 annualized dividend and a dividend yield of 5.16%. Tompkins Financial’s dividend payout ratio (DPR) is presently 510.64%.

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.