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 shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 37,540 shares of the financial services provider's stock, valued at approximately $2,364,000. Nuveen LLC owned about 0.26% of Tompkins Financial as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC acquired a new position in shares of Tompkins Financial during the fourth quarter worth approximately $49,000. GAMMA Investing LLC raised its position 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 purchasing an additional 395 shares during the last quarter. von Borstel & Associates Inc. acquired a new position in Tompkins Financial during the 1st quarter worth $95,000. 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 valued at $116,000 after buying an additional 737 shares during the last quarter. Finally, State of Wyoming bought a new position in Tompkins Financial in the 4th quarter valued at $223,000. Institutional investors and hedge funds own 69.11% of the company's stock.

Tompkins Financial Price Performance

Shares of TMP stock traded up $0.93 on Thursday, reaching $70.87. 39,076 shares of the stock were exchanged, compared to its average volume of 39,920. The company has a market capitalization of $1.02 billion, a PE ratio of 12.79 and a beta of 0.94. Tompkins Financial Corporation has a one year low of $53.95 and a one year high of $79.01. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.88. The firm's 50 day moving average price is $66.29.

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 dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 8th. 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.