Cobblestone Capital Advisors LLC NY Cuts Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Cobblestone Capital Advisors LLC NY lessened its holdings in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 26.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,770 shares of the financial services provider’s stock after selling 2,027 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Tompkins Financial were worth $391,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted 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 purchasing an additional 157 shares during the last quarter. FMR LLC lifted its stake in Tompkins Financial by 14.3% in 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 during the last quarter. Chicago Partners Investment Group LLC lifted its stake in Tompkins Financial by 3.0% in the third quarter. Chicago Partners Investment Group LLC now owns 11,016 shares of the financial services provider’s stock valued at $683,000 after purchasing an additional 317 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Tompkins Financial in the fourth quarter valued at approximately $27,000. Finally, Versant Capital Management Inc lifted 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 purchasing an additional 425 shares during the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Tompkins Financial Price Performance

Shares of TMP stock opened at $68.89 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 1 year low of $43.09 and a 1 year high of $79.01. The firm has a market cap of $991.33 million, a price-to-earnings ratio of 13.92 and a beta of 0.73.

Tompkins Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were issued a dividend of $0.62 per share. The ex-dividend date was Friday, February 14th. This represents a $2.48 dividend on an annualized basis and a yield of 3.60%. Tompkins Financial’s payout ratio is 50.10%.

Analyst Ratings Changes

Separately, Piper Sandler assumed 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.

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.