Coombe Bender & Co LLC Sells 3,658 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP)

Coombe Bender & Co LLC reduced its holdings in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 10.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,662 shares of the financial services provider’s stock after selling 3,658 shares during the quarter. Tompkins Financial accounts for about 1.2% of Coombe Bender & Co LLC’s holdings, making the stock its 26th biggest holding. Coombe Bender & Co LLC’s holdings in Tompkins Financial were worth $1,907,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TMP. Signaturefd LLC lifted its stake in shares of Tompkins Financial by 366.7% in the 4th quarter. Signaturefd LLC now owns 490 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 385 shares during the last quarter. Massmutual Trust Co. FSB ADV bought a new position in Tompkins Financial in the fourth quarter valued at about $27,000. CNB Bank acquired a new stake in shares of Tompkins Financial during the third quarter valued at about $28,000. SG Americas Securities LLC grew its holdings in shares of Tompkins Financial by 31.3% during the fourth quarter. SG Americas Securities LLC now owns 3,718 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 887 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Tompkins Financial by 8.2% in the third quarter. Barclays PLC now owns 15,832 shares of the financial services provider’s stock valued at $776,000 after buying an additional 1,205 shares during the period. 69.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Tompkins Financial to a “sell” rating in a research report on Friday, January 12th.

Tompkins Financial Trading Up 0.5 %

Shares of NYSEAMERICAN:TMP traded up $0.23 during trading on Thursday, reaching $45.93. The stock had a trading volume of 6,413 shares, compared to its average volume of 65,759. Tompkins Financial Co. has a 52 week low of $43.09 and a 52 week high of $65.54. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $661.85 million, a P/E ratio of 97.23 and a beta of 0.67.

Tompkins Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 5.31%. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.52. The ex-dividend date is Thursday, May 9th. Tompkins Financial’s dividend payout ratio (DPR) is presently 510.64%.

Insider Buying and Selling at Tompkins Financial

In other news, Director Ita M. Rahilly purchased 1,982 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were acquired at an average cost of $50.46 per share, with a total value of $100,011.72. Following the purchase, the director now owns 8,454 shares in the company, valued at $426,588.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.50% of the company’s stock.

Tompkins Financial 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.