EntryPoint Capital LLC Trims Stake in Tompkins Financial Co. (NYSEAMERICAN:TMP)

EntryPoint Capital LLC lowered its position in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 14.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,218 shares of the financial services provider’s stock after selling 550 shares during the quarter. EntryPoint Capital LLC’s holdings in Tompkins Financial were worth $218,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Tompkins Financial by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 1,305,903 shares of the financial services provider’s stock valued at $88,579,000 after purchasing an additional 4,173 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Tompkins Financial by 476.0% in the 4th quarter. LPL Financial LLC now owns 31,626 shares of the financial services provider’s stock worth $2,145,000 after buying an additional 26,135 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Tompkins Financial during the 4th quarter valued at $163,000. Sei Investments Co. lifted its holdings in shares of Tompkins Financial by 32.5% during the 4th quarter. Sei Investments Co. now owns 7,174 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 1,758 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Tompkins Financial by 50.2% in the fourth quarter. American Century Companies Inc. now owns 123,654 shares of the financial services provider’s stock valued at $8,387,000 after acquiring an additional 41,329 shares during the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Tompkins Financial Stock Performance

Shares of TMP opened at $63.23 on Friday. Tompkins Financial Co. has a fifty-two week low of $43.09 and a fifty-two week high of $79.01. The company has a market capitalization of $909.88 million, a PE ratio of 12.77 and a beta of 0.73. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.96 and a quick ratio of 0.92.

Tompkins Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were given 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 3.92%. Tompkins Financial’s payout ratio is 50.10%.

Analyst Upgrades and Downgrades

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

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.