Teacher Retirement System of Texas Has $779,000 Position in Tompkins Financial Corporation (NYSEAMERICAN:TMP)

Teacher Retirement System of Texas decreased its stake in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 30.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,367 shares of the financial services provider’s stock after selling 5,380 shares during the period. Teacher Retirement System of Texas owned 0.09% of Tompkins Financial worth $779,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its position in Tompkins Financial by 784.8% during the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the financial services provider’s stock worth $28,000 after buying an additional 361 shares during the period. Aquatic Capital Management LLC purchased a new stake in Tompkins Financial in the 4th quarter valued at $49,000. GAMMA Investing LLC grew its stake in shares of Tompkins Financial by 38.2% during the 1st quarter. GAMMA Investing LLC now owns 1,429 shares of the financial services provider’s stock worth $90,000 after acquiring an additional 395 shares during the period. Russell Investments Group Ltd. grew its holdings in Tompkins Financial by 21,563.6% during the 4th quarter. Russell Investments Group Ltd. now owns 2,383 shares of the financial services provider’s stock valued at $162,000 after buying an additional 2,372 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Tompkins Financial during the 4th quarter valued at about $163,000. 69.11% of the stock is owned by institutional investors.

Tompkins Financial Stock Up 1.2%

Shares of TMP stock opened at $66.82 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.92 and a current ratio of 0.92. The business has a fifty day moving average price of $62.88. Tompkins Financial Corporation has a twelve month low of $52.73 and a twelve month high of $79.01. The stock has a market capitalization of $964.21 million, a PE ratio of 13.00 and a beta of 0.90.

Tompkins Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.71%. Tompkins Financial’s payout ratio is currently 50.10%.

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.