LPL Financial LLC Boosts Holdings in Tompkins Financial Corporation $TMP

LPL Financial LLC grew its stake in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 12.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,507 shares of the financial services provider’s stock after purchasing an additional 3,881 shares during the quarter. LPL Financial LLC owned approximately 0.25% of Tompkins Financial worth $2,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Tompkins Financial Corp raised its holdings in Tompkins Financial by 1.7% during the first quarter. Tompkins Financial Corp now owns 1,159,812 shares of the financial services provider’s stock worth $73,045,000 after purchasing an additional 19,034 shares in the last quarter. Northern Trust Corp raised its holdings in Tompkins Financial by 2.5% during the fourth quarter. Northern Trust Corp now owns 145,899 shares of the financial services provider’s stock worth $9,896,000 after purchasing an additional 3,492 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Tompkins Financial by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 137,528 shares of the financial services provider’s stock worth $8,662,000 after purchasing an additional 1,915 shares in the last quarter. GAMMA Investing LLC raised its holdings in Tompkins Financial by 8,603.9% during the first quarter. GAMMA Investing LLC now owns 89,998 shares of the financial services provider’s stock worth $5,668,000 after purchasing an additional 88,964 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Tompkins Financial by 3.0% during the first quarter. Principal Financial Group Inc. now owns 62,552 shares of the financial services provider’s stock worth $3,940,000 after purchasing an additional 1,829 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

Tompkins Financial Trading Up 0.6%

TMP stock opened at $66.65 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.88. Tompkins Financial Corporation has a twelve month low of $53.95 and a twelve month high of $79.01. The business’s 50 day moving average is $64.34. The firm has a market capitalization of $961.76 million, a PE ratio of 12.03 and a beta of 0.92.

Tompkins Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.7%. Tompkins Financial’s payout ratio is 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.