Tompkins Financial Co. (NYSEAMERICAN:TMP) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its holdings in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 22.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,272 shares of the financial services provider’s stock after selling 7,989 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Tompkins Financial were worth $1,918,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TMP. Wilmington Savings Fund Society FSB bought a new stake in Tompkins Financial in the fourth quarter worth about $27,000. Versant Capital Management Inc grew its stake 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 purchasing an additional 425 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Tompkins Financial by 17.9% in the 4th 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 last quarter. FMR LLC raised its holdings in shares of Tompkins Financial by 14.3% in the 3rd 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. Finally, Cross Staff Investments Inc acquired a new stake in Tompkins Financial during the fourth quarter valued at approximately $216,000. 69.11% of the stock is owned by institutional investors.

Tompkins Financial Stock Down 1.7 %

NYSEAMERICAN TMP opened at $67.57 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 $43.09 and a 1-year high of $79.01. The firm has a market capitalization of $972.33 million, a PE ratio of 13.65 and a beta of 0.73.

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 paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend was Friday, February 14th. Tompkins Financial’s payout ratio is presently 50.10%.

Wall Street Analyst Weigh In

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

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.