Connor Clark & Lunn Investment Management Ltd. Invests $790,000 in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,643 shares of the financial services provider’s stock, valued at approximately $790,000.

A number of other large investors have also modified their holdings of the business. Geode Capital Management LLC grew its holdings 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 in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Tompkins Financial by 20.3% during the 4th quarter. Bank of New York Mellon Corp now owns 135,613 shares of the financial services provider’s stock valued at $9,199,000 after acquiring an additional 22,851 shares during the last quarter. Cornell Pochily Investment Advisors Inc. boosted its position in shares of Tompkins Financial by 14.5% during the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 122,701 shares of the financial services provider’s stock valued at $8,323,000 after acquiring an additional 15,500 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Tompkins Financial by 139.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 62,286 shares of the financial services provider’s stock valued at $3,600,000 after acquiring an additional 36,231 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Tompkins Financial by 2.8% during the 4th quarter. Principal Financial Group Inc. now owns 60,723 shares of the financial services provider’s stock valued at $4,119,000 after acquiring an additional 1,660 shares during the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Analyst Upgrades and Downgrades

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

Tompkins Financial Stock Up 0.3 %

NYSEAMERICAN TMP opened at $63.92 on Friday. 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. The stock has a market capitalization of $919.81 million, a price-to-earnings ratio of 12.91 and a beta of 0.73.

Tompkins Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were given a $0.62 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.48 dividend on an annualized basis and a yield of 3.88%. Tompkins Financial’s payout ratio is currently 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.