Hotchkis & Wiley Capital Management LLC Reduces Holdings in Tompkins Financial Corporation $TMP

Key Points

• Hotchkis & Wiley Capital Management reduced its holdings in Tompkins Financial Corporation by 8.8%, bringing their total shares owned to 102,165 after selling 9,825 shares in the first quarter.
• Other institutional investors, including CWM LLC and Aquatic Capital Management, have also made significant investments in Tompkins Financial, indicating a strong interest in the firm's stock.
• Tompkins Financial recently announced a quarterly dividend of $0.62 per share, with a current dividend yield of 3.6% and a payout ratio of 50.10%.

Hotchkis & Wiley Capital Management LLC trimmed its position in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP - Free Report) by 8.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,165 shares of the financial services provider's stock after selling 9,825 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.71% of Tompkins Financial worth $6,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Aquatic Capital Management LLC purchased a new position in Tompkins Financial during the fourth quarter worth $49,000. GAMMA Investing LLC lifted its stake 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 worth $90,000 after acquiring an additional 395 shares during the period. von Borstel & Associates Inc. bought a new position in Tompkins Financial in the first quarter worth about $95,000. CWM LLC raised its holdings in Tompkins Financial by 66.3% in the first 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. Finally, State of Wyoming bought a new position in Tompkins Financial in the fourth quarter worth about $223,000. 69.11% of the stock is owned by hedge funds and other institutional investors.

Tompkins Financial Stock Performance

Shares of Tompkins Financial stock opened at $69.50 on Tuesday. Tompkins Financial Corporation has a one year low of $53.95 and a one year high of $79.01. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $1.00 billion, a P/E ratio of 12.55 and a beta of 0.92. The business has a 50-day moving average price of $64.85.

Tompkins Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.6%. Tompkins Financial's dividend payout ratio (DPR) 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.

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