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

LPL Financial LLC boosted its stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 476.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,626 shares of the financial services provider’s stock after purchasing an additional 26,135 shares during the quarter. LPL Financial LLC owned about 0.22% of Tompkins Financial worth $2,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TMP. Wilmington Savings Fund Society FSB purchased a new stake in shares of Tompkins Financial during the 4th quarter valued at $27,000. Versant Capital Management Inc increased its position in Tompkins Financial by 238.8% during the 4th quarter. Versant Capital Management Inc now owns 603 shares of the financial services provider’s stock valued at $41,000 after buying an additional 425 shares in the last quarter. GAMMA Investing LLC raised its stake in Tompkins Financial by 17.9% in the fourth quarter. GAMMA Investing LLC now owns 1,034 shares of the financial services provider’s stock valued at $70,000 after buying an additional 157 shares during the last quarter. FMR LLC boosted its holdings in Tompkins Financial by 14.3% in the third quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 216 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Tompkins Financial in the fourth quarter worth about $163,000. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Tompkins Financial Price Performance

Shares of TMP opened at $56.78 on Tuesday. 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 Co. has a 1-year low of $43.32 and a 1-year high of $79.01. The firm has a market cap of $817.06 million, a PE ratio of 11.47 and a beta of 0.73.

Tompkins Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were paid a dividend of $0.62 per share. The ex-dividend date was Friday, February 14th. This represents a $2.48 annualized dividend and a yield of 4.37%. Tompkins Financial’s payout ratio is presently 50.10%.

Wall Street Analyst Weigh In

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

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.