Keybank National Association OH Grows Stock Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Keybank National Association OH lifted its stake in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,681 shares of the financial services provider’s stock after buying an additional 302 shares during the period. Keybank National Association OH owned approximately 0.07% of Tompkins Financial worth $657,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Barclays PLC grew its stake in shares of Tompkins Financial by 115.7% in the third quarter. Barclays PLC now owns 25,878 shares of the financial services provider’s stock worth $1,496,000 after purchasing an additional 13,878 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Tompkins Financial by 0.6% in the third quarter. Geode Capital Management LLC now owns 291,312 shares of the financial services provider’s stock worth $16,839,000 after purchasing an additional 1,766 shares during the last quarter. Jane Street Group LLC grew its stake in shares of 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 worth $1,451,000 after purchasing an additional 14,210 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Tompkins Financial by 17.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,324 shares of the financial services provider’s stock worth $2,735,000 after purchasing an additional 5,956 shares during the last quarter. Finally, FMR LLC grew its stake in shares of 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 purchasing an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Analysts Set New Price Targets

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 target price on the stock.

Tompkins Financial Price Performance

Shares of TMP opened at $65.65 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 1.11. Tompkins Financial Co. has a 52 week low of $43.09 and a 52 week high of $79.01. The company has a market capitalization of $944.70 million, a PE ratio of 13.26 and a beta of 0.73.

Tompkins Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors 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 3.78%. Tompkins Financial’s payout ratio is currently 50.10%.

Tompkins Financial 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.