Jacobs Levy Equity Management Inc. Purchases 35,207 Shares of Tompkins Financial Corporation $TMP

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in Tompkins Financial Corporation by 663.0%, acquiring an additional 35,207 shares, bringing its total ownership to 40,517 shares valued at approximately $2.55 million.
• Other institutional investors also made significant changes to their positions, with GAMMA Investing LLC raising its holdings by 8,603.9% to nearly 90,000 shares.
• Tompkins Financial recently declared a quarterly dividend of $0.62 per share, which translates to an annualized yield of 3.6%.

Jacobs Levy Equity Management Inc. raised its position in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP - Free Report) by 663.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,517 shares of the financial services provider's stock after purchasing an additional 35,207 shares during the period. Jacobs Levy Equity Management Inc. owned 0.28% of Tompkins Financial worth $2,552,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Tompkins Financial by 38.2% during the first quarter. GAMMA Investing LLC now owns 1,429 shares of the financial services provider's stock valued at $90,000 after purchasing an additional 395 shares during the period. von Borstel & Associates Inc. purchased a new position in shares of Tompkins Financial in the first quarter valued at $95,000. CWM LLC grew its position in shares of Tompkins Financial by 66.3% in the first quarter. CWM LLC now owns 1,848 shares of the financial services provider's stock valued at $116,000 after purchasing an additional 737 shares in the last quarter. State of Wyoming purchased a new position in shares of Tompkins Financial in the fourth quarter valued at $223,000. Finally, Heritage Investment Group Inc. purchased a new position in shares of Tompkins Financial in the first quarter valued at $229,000. 69.11% of the stock is owned by institutional investors.

Tompkins Financial Trading Down 1.4%

Shares of NYSEAMERICAN TMP traded down $0.99 during mid-day trading on Friday, hitting $69.41. The company had a trading volume of 38,838 shares, compared to its average volume of 39,645. The firm has a market capitalization of $1.00 billion, a P/E ratio of 12.53 and a beta of 0.94. Tompkins Financial Corporation has a 1 year low of $54.16 and a 1 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 business's 50-day simple moving average is $66.85.

Tompkins Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were given a $0.62 dividend. The ex-dividend date was Friday, August 8th. This represents a $2.48 annualized dividend and a dividend yield of 3.6%. Tompkins Financial's payout ratio is 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.