AlphaQuest LLC Grows Stock Holdings in Tompkins Financial Co. (NYSEAMERICAN:TMP)

AlphaQuest LLC raised its stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 363,100.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,632 shares of the financial services provider’s stock after acquiring an additional 3,631 shares during the period. AlphaQuest LLC’s holdings in Tompkins Financial were worth $246,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TMP. Barclays PLC boosted its holdings 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 valued at $1,496,000 after acquiring an additional 13,878 shares in the last quarter. Geode Capital Management LLC increased its position in 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 worth $16,839,000 after purchasing an additional 1,766 shares during the period. Jane Street Group LLC raised its stake in shares of Tompkins Financial by 130.5% during 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 in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of 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 valued at $2,735,000 after buying an additional 5,956 shares during the period. Finally, FMR LLC grew 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 worth $100,000 after acquiring an additional 216 shares during the period. 69.11% of the stock is owned by institutional investors and hedge funds.

Tompkins Financial Price Performance

Shares of NYSEAMERICAN:TMP opened at $64.45 on Friday. Tompkins Financial Co. has a 12 month low of $43.09 and a 12 month high of $79.01. The company has a market cap of $927.44 million, a PE ratio of 13.02 and a beta of 0.73. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.92 and a current ratio of 0.96.

Tompkins Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Friday, February 14th. Tompkins Financial’s dividend payout ratio (DPR) is 50.10%.

Analysts Set New Price Targets

Separately, Piper Sandler began coverage on Tompkins Financial in a report on Friday, December 20th. They issued a “neutral” rating and a $70.00 target price 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.