Maryland State Retirement & Pension System Cuts Stock Holdings in Tompkins Financial Corporation $TMP

Maryland State Retirement & Pension System lowered its position in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 13.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,665 shares of the financial services provider’s stock after selling 564 shares during the period. Maryland State Retirement & Pension System’s holdings in Tompkins Financial were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TMP. SG Americas Securities LLC increased its holdings in shares of Tompkins Financial by 42.2% in the 1st quarter. SG Americas Securities LLC now owns 10,283 shares of the financial services provider’s stock worth $648,000 after purchasing an additional 3,050 shares in the last quarter. CWM LLC boosted its position in shares of Tompkins Financial by 66.3% during the first quarter. CWM LLC now owns 1,848 shares of the financial services provider’s stock valued at $116,000 after buying an additional 737 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of 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 valued at $3,940,000 after buying an additional 1,829 shares during the last quarter. GAMMA Investing LLC increased its holdings in Tompkins Financial by 38.2% in the 1st quarter. GAMMA Investing LLC now owns 1,429 shares of the financial services provider’s stock worth $90,000 after buying an additional 395 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Tompkins Financial by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,245 shares of the financial services provider’s stock worth $491,000 after buying an additional 253 shares during the last quarter. 69.11% of the stock is owned by institutional investors.

Tompkins Financial Stock Performance

TMP opened at $66.65 on Wednesday. The company’s 50-day moving average is $64.34. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.88. The company has a market cap of $961.76 million, a PE ratio of 12.03 and a beta of 0.92. Tompkins Financial Corporation has a 52-week low of $53.95 and a 52-week high of $79.01.

Tompkins Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.7%. Tompkins Financial’s dividend payout ratio is currently 50.10%.

Tompkins Financial Company 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.