Teacher Retirement System of Texas Invests $1.20 Million in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Teacher Retirement System of Texas acquired a new stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 17,747 shares of the financial services provider’s stock, valued at approximately $1,204,000.

Other institutional investors have also added to or reduced their stakes in the company. 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 stake in Tompkins Financial by 238.8% in the fourth quarter. Versant Capital Management Inc now owns 603 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 425 shares during the last quarter. GAMMA Investing LLC increased 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 acquiring an additional 157 shares during the last quarter. FMR LLC raised its position in Tompkins Financial by 14.3% during the third quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 216 shares in the last quarter. Finally, Cross Staff Investments Inc bought a new stake in Tompkins Financial during the fourth quarter worth about $216,000. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Tompkins Financial Stock Down 2.1 %

Shares of TMP stock opened at $63.23 on Friday. The firm has a market capitalization of $909.88 million, a P/E ratio of 12.77 and a beta of 0.73. Tompkins Financial Co. has a 52 week low of $43.09 and a 52 week high of $79.01. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 1.11.

Tompkins Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were issued a $0.62 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.48 dividend on an annualized basis and a yield of 3.92%. Tompkins Financial’s dividend payout ratio (DPR) is 50.10%.

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 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.