Jacobs Levy Equity Management Inc. Raises Holdings in 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. lifted its stake in Tompkins Financial Corporation (NYSEAMERICAN:TMP - Free Report) by 663.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,517 shares of the financial services provider's stock after acquiring an additional 35,207 shares during the period. Jacobs Levy Equity Management Inc. owned 0.28% of Tompkins Financial worth $2,552,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in Tompkins Financial by 38.2% during the 1st quarter. GAMMA Investing LLC now owns 1,429 shares of the financial services provider's stock valued at $90,000 after buying an additional 395 shares in the last quarter. von Borstel & Associates Inc. acquired a new position in Tompkins Financial during the 1st quarter valued at about $95,000. CWM LLC increased its position in Tompkins Financial by 66.3% during 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 in the last quarter. State of Wyoming acquired a new position in Tompkins Financial during the 4th quarter valued at about $223,000. Finally, Heritage Investment Group Inc. acquired a new position in Tompkins Financial during the 1st quarter valued at about $229,000. 69.11% of the stock is owned by institutional investors.

Tompkins Financial Stock Performance

NYSEAMERICAN:TMP traded down $0.01 during mid-day trading on Monday, hitting $69.41. 2,478 shares of the company's stock traded hands, compared to its average volume of 49,326. The stock has a fifty day moving average of $66.85. Tompkins Financial Corporation has a twelve month low of $54.16 and a twelve month high of $79.01. The company has a market cap of $1.00 billion, a P/E ratio of 12.52 and a beta of 0.94. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.88.

Tompkins Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 3.6%. Tompkins Financial's dividend 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.