Atria Investments Inc Expands Stake in Tompkins Financial Co.

Atria Investments Inc has recently increased its investment in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 17.3% during the fourth quarter, as reported in their latest filing with the Securities and Exchange Commission (SEC). Following this acquisition, Atria now holds a total of 8,145 shares of the financial services company, having added 1,202 shares during the quarter. The value of Atria Investments Inc's holdings in Tompkins Financial stands at approximately $552,000 as per their recent SEC filing.

In addition to Atria Investments, several other institutional investors have made adjustments to their stakes in Tompkins Financial. Notably, Wilmington Savings Fund Society FSB established a new position in the fourth quarter, valued at around $27,000. Versant Capital Management Inc also significantly boosted their position in Tompkins Financial, increasing it by 238.8% during the same quarter. They now own 603 shares, valued at $41,000, after acquiring an additional 425 shares. Furthermore, GAMMA Investing LLC raised its stake by 17.9%, bringing their total to 1,034 shares worth $70,000 after purchasing an extra 157 shares in the last quarter.

Additionally, FMR LLC augmented its holdings by 14.3% in the third quarter, owning 1,731 shares worth approximately $100,000 after acquiring 216 more shares. Meanwhile, Intech Investment Management LLC invested in a new position in Tompkins Financial in the third quarter with an investment of around $215,000. Collectively, institutional investors currently control 69.11% of the company's shares.

Tompkins Financial Stock Movement

The stock of Tompkins Financial opened at $64.45 on Friday. Over the past year, the stock has witnessed a low of $43.09 and a high of $79.01. Financial metrics for the company include a debt-to-equity ratio of 1.11, a current ratio of 0.96, and a quick ratio of 0.92. With a market capitalization sitting at $927.44 million, the company has a PE ratio of 13.02 and a beta of 0.73, suggesting relatively stable performance compared to the market.

Recent Dividend Announcement

On February 21, Tompkins Financial announced a quarterly dividend of $0.62 per share, distributed to shareholders who were on record as of February 14. This generates an annualized dividend of $2.48, resulting in a dividend yield of 3.85%. The company’s dividend payout ratio is currently at 50.10%, indicating a balanced approach to returning value to shareholders while retaining some earnings for growth.

Analyst Insights

Analysts have weighed in on Tompkins Financial, with Piper Sandler initiating coverage on the stock in a research note dated December 20. They have rated the company with a “neutral” stance and set a target price of $70.00 for the stock.

Understanding Tompkins Financial

Tompkins Financial Corporation operates as a financial holding company, providing a range of services including commercial and consumer banking, leasing, trust and investment management, financial planning, wealth management, and insurance. The organization is divided into three main segments: Banking, Insurance, and Wealth Management, and it offers various deposit products such as checking and savings accounts, time deposits, and IRA products.

Investment, Shares, Finance