American Century Companies Inc. Raises Position in Tompkins Financial Corporation $TMP

Key Points

• American Century Companies Inc. increased its ownership in Tompkins Financial Corporation by 14.5% in the first quarter, now holding 141,631 shares valued at approximately $8.92 million.
• The company recently declared a $0.62 quarterly dividend, representing an annualized amount of $2.48 and a dividend yield of 3.5%.
• Shares of Tompkins Financial traded at $70.41, with a market cap of $1.02 billion and a 12-month price range of $53.95 to $79.01.

American Century Companies Inc. boosted its holdings in Tompkins Financial Corporation (NYSEAMERICAN:TMP - Free Report) by 14.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 141,631 shares of the financial services provider's stock after buying an additional 17,977 shares during the period. American Century Companies Inc. owned 0.98% of Tompkins Financial worth $8,920,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN grew its holdings in Tompkins Financial by 21.8% during the 4th quarter. Wells Fargo & Company MN now owns 9,640 shares of the financial services provider's stock valued at $654,000 after buying an additional 1,727 shares in the last quarter. MetLife Investment Management LLC grew its holdings 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 purchasing an additional 682 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Tompkins Financial by 24.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,186 shares of the financial services provider's stock valued at $284,000 after purchasing an additional 825 shares in the last quarter. State of Tennessee Department of Treasury grew its holdings in shares of Tompkins Financial by 55.8% in the fourth quarter. State of Tennessee Department of Treasury now owns 10,090 shares of the financial services provider's stock valued at $684,000 after purchasing an additional 3,612 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Tompkins Financial by 6.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,790 shares of the financial services provider's stock worth $1,004,000 after buying an additional 843 shares in the last quarter. Hedge funds and other institutional investors own 69.11% of the company's stock.

Tompkins Financial Price Performance

Shares of Tompkins Financial stock traded down $0.11 during trading on Friday, hitting $70.14. The stock had a trading volume of 36,463 shares, compared to its average volume of 41,657. Tompkins Financial Corporation has a 12 month low of $53.95 and a 12 month high of $79.01. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $1.01 billion, a PE ratio of 12.66 and a beta of 0.92. The company has a fifty day simple moving average of $65.67.

Tompkins Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were given 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%.

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.