Tompkins Financial Co. (NYSEAMERICAN:TMP) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its holdings in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 32.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,174 shares of the financial services provider’s stock after acquiring an additional 1,758 shares during the period. Sei Investments Co.’s holdings in Tompkins Financial were worth $486,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TMP. FMR LLC raised its stake in Tompkins Financial by 14.3% during the third quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 216 shares during the period. BNP Paribas Financial Markets raised its position in shares of Tompkins Financial by 39.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,263 shares of the financial services provider’s stock worth $420,000 after buying an additional 2,073 shares during the period. Centiva Capital LP acquired a new position in Tompkins Financial in the third quarter valued at $299,000. Jane Street Group LLC boosted its holdings in Tompkins Financial by 130.5% in the third quarter. Jane Street Group LLC now owns 25,100 shares of the financial services provider’s stock valued at $1,451,000 after acquiring an additional 14,210 shares during the last quarter. Finally, Barclays PLC grew its position in Tompkins Financial by 115.7% during the third quarter. Barclays PLC now owns 25,878 shares of the financial services provider’s stock valued at $1,496,000 after acquiring an additional 13,878 shares during the period. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Tompkins Financial Trading Up 7.0 %

Shares of NYSEAMERICAN TMP opened at $60.50 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.96 and a quick ratio of 0.92. Tompkins Financial Co. has a 12-month low of $43.09 and a 12-month high of $79.01. The firm has a market capitalization of $870.60 million, a P/E ratio of 12.22 and a beta of 0.73.

Tompkins Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.48 annualized dividend and a dividend yield of 4.10%. Tompkins Financial’s dividend payout ratio (DPR) is presently 50.10%.

Wall Street Analyst Weigh In

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