American Century Companies Inc. Buys 17,977 Shares of 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 position in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP - Free Report) by 14.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 141,631 shares of the financial services provider's stock after acquiring an additional 17,977 shares during the period. American Century Companies Inc. owned 0.98% of Tompkins Financial worth $8,920,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Tompkins Financial by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 1,336,830 shares of the financial services provider's stock valued at $84,194,000 after buying an additional 30,927 shares in the last quarter. Tompkins Financial Corp grew its holdings in Tompkins Financial by 1.7% during the 1st quarter. Tompkins Financial Corp now owns 1,159,812 shares of the financial services provider's stock valued at $73,045,000 after buying an additional 19,034 shares in the last quarter. Northern Trust Corp grew its holdings in Tompkins Financial by 2.5% during the 4th quarter. Northern Trust Corp now owns 145,899 shares of the financial services provider's stock valued at $9,896,000 after buying an additional 3,492 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Tompkins Financial by 1.4% during the 1st quarter. Bank of New York Mellon Corp now owns 137,528 shares of the financial services provider's stock valued at $8,662,000 after buying an additional 1,915 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Tompkins Financial by 8,603.9% during the 1st quarter. GAMMA Investing LLC now owns 89,998 shares of the financial services provider's stock valued at $5,668,000 after buying an additional 88,964 shares in the last quarter. Institutional investors own 69.11% of the company's stock.

Tompkins Financial Stock Performance

TMP traded down $0.11 during trading on Monday, reaching $70.14. 36,463 shares of the company traded hands, compared to its average volume of 40,487. 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 12-month low of $53.95 and a 12-month high of $79.01. The business's fifty day simple moving average is $65.83. The stock has a market capitalization of $1.01 billion, a P/E ratio of 12.66 and a beta of 0.94.

Tompkins Financial Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.5%. Tompkins Financial's dividend payout ratio (DPR) is 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.