Bailard Inc. Takes Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Bailard Inc. acquired a new position in Tompkins Financial Co. (NYSEAMERICAN:TMP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,498 shares of the financial services provider’s stock, valued at approximately $712,000. Bailard Inc. owned approximately 0.07% of Tompkins Financial at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TMP. Barclays PLC boosted its position 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 period. Geode Capital Management LLC lifted its stake in shares of Tompkins Financial by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 291,312 shares of the financial services provider’s stock valued at $16,839,000 after buying an additional 1,766 shares in the last quarter. Jane Street Group LLC boosted its holdings in Tompkins Financial by 130.5% in the 3rd quarter. Jane Street Group LLC now owns 25,100 shares of the financial services provider’s stock worth $1,451,000 after buying an additional 14,210 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Tompkins Financial by 17.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 40,324 shares of the financial services provider’s stock worth $2,735,000 after buying an additional 5,956 shares in the last quarter. Finally, FMR LLC raised its holdings 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 acquiring an additional 216 shares during the period. 69.11% of the stock is owned by institutional investors.

Tompkins Financial Stock Down 1.1 %

Tompkins Financial stock opened at $68.14 on Tuesday. Tompkins Financial Co. has a 52-week low of $43.09 and a 52-week high of $79.01. The firm has a market cap of $980.53 million, a P/E ratio of 13.77 and a beta of 0.73. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were paid a dividend of $0.62 per share. The ex-dividend date was Friday, February 14th. This represents a $2.48 annualized dividend and a yield of 3.64%. Tompkins Financial’s payout ratio is currently 50.10%.

Wall Street Analyst Weigh In

Separately, Piper Sandler started coverage on shares of Tompkins Financial in a report on Friday, December 20th. They set a “neutral” rating and a $70.00 price objective for the company.

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.