Community Bank N.A. Has $237,000 Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Community Bank N.A. lowered its stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 12.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,500 shares of the financial services provider’s stock after selling 500 shares during the period. Community Bank N.A.’s holdings in Tompkins Financial were worth $237,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in TMP. American Century Companies Inc. grew its stake in Tompkins Financial by 50.2% during the fourth quarter. American Century Companies Inc. now owns 123,654 shares of the financial services provider’s stock worth $8,387,000 after buying an additional 41,329 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Tompkins Financial by 139.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 62,286 shares of the financial services provider’s stock worth $3,600,000 after acquiring an additional 36,231 shares during the period. LPL Financial LLC grew its holdings in Tompkins Financial by 476.0% during the 4th quarter. LPL Financial LLC now owns 31,626 shares of the financial services provider’s stock worth $2,145,000 after acquiring an additional 26,135 shares during the period. Proficio Capital Partners LLC acquired a new stake in Tompkins Financial during the 4th quarter worth $1,661,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Tompkins Financial by 20.3% during the fourth quarter. Bank of New York Mellon Corp now owns 135,613 shares of the financial services provider’s stock worth $9,199,000 after purchasing an additional 22,851 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler began coverage on shares of Tompkins Financial in a research report on Friday, December 20th. They set a “neutral” rating and a $70.00 price target on the stock.

Tompkins Financial Price Performance

Shares of NYSEAMERICAN:TMP opened at $63.92 on Monday. 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 one year low of $43.09 and a one year high of $79.01. The stock has a market cap of $919.81 million, a price-to-earnings ratio of 12.91 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. Stockholders of record on Friday, February 14th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.48 annualized dividend and a dividend yield of 3.88%. Tompkins Financial’s dividend payout ratio is presently 50.10%.

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.