John G Ullman & Associates Inc. Sells 32,700 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP)

John G Ullman & Associates Inc. reduced its position in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 27.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,065 shares of the financial services provider’s stock after selling 32,700 shares during the period. John G Ullman & Associates Inc.’s holdings in Tompkins Financial were worth $5,973,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TMP. Chicago Partners Investment Group LLC lifted its stake in Tompkins Financial by 3.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 11,016 shares of the financial services provider’s stock valued at $683,000 after acquiring an additional 317 shares in the last quarter. Atria Investments Inc lifted its stake in Tompkins Financial by 32.8% during the 3rd quarter. Atria Investments Inc now owns 6,943 shares of the financial services provider’s stock valued at $401,000 after acquiring an additional 1,713 shares in the last quarter. Intech Investment Management LLC bought a new position in Tompkins Financial during the 3rd quarter valued at $215,000. Alesco Advisors LLC bought a new position in Tompkins Financial during the 3rd quarter valued at $219,000. Finally, FMR LLC lifted its stake in Tompkins Financial by 14.3% during the 3rd 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 in the last quarter. 69.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Piper Sandler started coverage on Tompkins Financial in a research note on Friday, December 20th. They set a “neutral” rating and a $70.00 price objective on the stock.

Tompkins Financial Trading Up 1.2 %

NYSEAMERICAN TMP opened at $68.89 on Friday. The firm has a market cap of $991.33 million, a PE ratio of 13.92 and a beta of 0.73. Tompkins Financial Co. has a one year low of $43.09 and a one year high of $79.01. 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 firm also recently announced 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. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend was Friday, February 14th. Tompkins Financial’s payout ratio is 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.