Tompkins Financial Co. (NYSEAMERICAN:TMP) Shares Sold by Coombe Bender & Co LLC

Coombe Bender & Co LLC lessened its position in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,662 shares of the financial services provider’s stock after selling 3,658 shares during the period. Tompkins Financial makes up 1.2% of Coombe Bender & Co LLC’s portfolio, making the stock its 26th biggest position. Coombe Bender & Co LLC owned about 0.22% of Tompkins Financial worth $1,907,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TMP. Tompkins Financial Corp raised its stake in shares of Tompkins Financial by 1.6% in the 4th quarter. Tompkins Financial Corp now owns 1,181,017 shares of the financial services provider’s stock valued at $71,133,000 after acquiring an additional 18,305 shares during the period. Cornell University acquired a new position in shares of Tompkins Financial during the fourth quarter worth about $1,898,000. Charles Schwab Investment Management Inc. boosted its position in shares of Tompkins Financial by 5.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 154,246 shares of the financial services provider’s stock worth $7,557,000 after buying an additional 8,205 shares during the period. American Century Companies Inc. grew its stake in shares of Tompkins Financial by 10.0% in the third quarter. American Century Companies Inc. now owns 100,425 shares of the financial services provider’s stock valued at $4,920,000 after buying an additional 9,108 shares in the last quarter. Finally, Barclays PLC lifted its position in Tompkins Financial by 8.2% during the 3rd quarter. Barclays PLC now owns 15,832 shares of the financial services provider’s stock worth $776,000 after acquiring an additional 1,205 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Tompkins Financial Stock Performance

TMP traded up $0.23 on Thursday, reaching $45.93. The company had a trading volume of 6,413 shares, compared to its average volume of 65,759. The firm has a market capitalization of $661.85 million, a PE ratio of 97.23 and a beta of 0.67. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.90. Tompkins Financial Co. has a one year low of $43.09 and a one year high of $65.54.

Tompkins Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 10th will be given a dividend of $0.61 per share. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.44 annualized dividend and a dividend yield of 5.31%. Tompkins Financial’s dividend payout ratio (DPR) is 510.64%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Tompkins Financial to a “sell” rating in a research note on Friday, January 12th.

Insider Transactions at Tompkins Financial

In related news, Director Ita M. Rahilly acquired 1,982 shares of Tompkins Financial stock in a transaction dated Tuesday, February 20th. The stock was acquired at an average cost of $50.46 per share, with a total value of $100,011.72. Following the purchase, the director now directly owns 8,454 shares in the company, valued at approximately $426,588.84. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.50% of the company’s stock.

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.