Nuveen LLC Makes New Investment in Tompkins Financial Corporation $TMP

Key Points

• Nuveen LLC acquired 37,540 shares of Tompkins Financial Corporation, valued at approximately $2,364,000, during the 1st quarter, contributing to their 0.26% ownership stake.
• Tompkins Financial recently declared a quarterly dividend of $0.62, yielding an annualized total of $2.48 or 3.5% based on its current stock price.
• The company's stock opened at $70.14 and has seen a 1-year high of $79.01, with institutional investors holding 69.11% of the shares.

Nuveen LLC acquired a new position in Tompkins Financial Corporation (NYSEAMERICAN:TMP - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 37,540 shares of the financial services provider's stock, valued at approximately $2,364,000. Nuveen LLC owned 0.26% of Tompkins Financial at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jacobs Levy Equity Management Inc. lifted its position in shares of Tompkins Financial by 4.1% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 5,310 shares of the financial services provider's stock worth $360,000 after acquiring an additional 208 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Tompkins Financial by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,245 shares of the financial services provider's stock valued at $491,000 after buying an additional 253 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Tompkins Financial by 38.2% in the first 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. MetLife Investment Management LLC boosted its position in shares of Tompkins Financial by 9.7% in the fourth quarter. MetLife Investment Management LLC now owns 7,745 shares of the financial services provider's stock valued at $525,000 after acquiring an additional 682 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Tompkins Financial by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 35,060 shares of the financial services provider's stock valued at $2,378,000 after acquiring an additional 692 shares in the last quarter. Institutional investors own 69.11% of the company's stock.

Tompkins Financial Trading Down 0.9%

Shares of TMP traded down $0.67 during mid-day trading on Wednesday, reaching $69.58. 10,138 shares of the stock traded hands, compared to its average volume of 49,837. 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 1 year low of $53.95 and a 1 year high of $79.01. The firm has a market cap of $1.00 billion, a P/E ratio of 12.55 and a beta of 0.94. The business has a fifty day simple moving average of $65.98.

Tompkins Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.48 annualized dividend and a dividend yield of 3.6%. Tompkins Financial's dividend payout ratio (DPR) is presently 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.