Vanguard Group Inc. Raises Stock Position in Tompkins Financial Corporation $TMP

Vanguard Group Inc. boosted its holdings in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 2.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,336,830 shares of the financial services provider’s stock after purchasing an additional 30,927 shares during the period. Vanguard Group Inc. owned about 9.29% of Tompkins Financial worth $84,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TMP. Sterling Capital Management LLC raised its stake in shares of Tompkins Financial by 784.8% during the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the financial services provider’s stock valued at $28,000 after buying an additional 361 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in Tompkins Financial during the fourth quarter valued at approximately $49,000. GAMMA Investing LLC lifted its holdings in Tompkins Financial by 38.2% in the first quarter. GAMMA Investing LLC now owns 1,429 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 395 shares during the period. von Borstel & Associates Inc. acquired a new position in Tompkins Financial in the first quarter valued at approximately $95,000. Finally, CWM LLC boosted its position in Tompkins Financial by 66.3% in the 1st quarter. CWM LLC now owns 1,848 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 737 shares in the last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.

Tompkins Financial Price Performance

Shares of NYSEAMERICAN TMP opened at $70.39 on Friday. 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 firm has a market cap of $1.02 billion, a PE ratio of 12.71 and a beta of 0.92. The stock’s 50 day moving average price is $64.67. Tompkins Financial Corporation has a 12 month low of $53.95 and a 12 month high of $79.01.

Tompkins Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.5%. Tompkins Financial’s payout ratio is 50.10%.

About Tompkins Financial

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.