LPL Financial LLC Grows Position in Tompkins Financial Corporation $TMP

Key Points

• LPL Financial LLC increased its stake in Tompkins Financial Corporation by 12.3% during the first quarter, now owning approximately 35,507 shares valued at $2,236,000.
• Tompkins Financial announced a quarterly dividend of $0.62, representing an annualized dividend of $2.48 and a yield of 3.7%.
• Institutional investors and hedge funds account for 69.11% of Tompkins Financial's stock ownership, reflecting strong institutional interest in the company.

LPL Financial LLC boosted its position in Tompkins Financial Corporation (NYSEAMERICAN:TMP - Free Report) by 12.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,507 shares of the financial services provider's stock after purchasing an additional 3,881 shares during the quarter. LPL Financial LLC owned approximately 0.25% of Tompkins Financial worth $2,236,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tompkins Financial Corp increased its holdings in shares of Tompkins Financial by 1.7% during the first quarter. Tompkins Financial Corp now owns 1,159,812 shares of the financial services provider's stock valued at $73,045,000 after acquiring an additional 19,034 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Tompkins Financial by 2.5% during the fourth quarter. Northern Trust Corp now owns 145,899 shares of the financial services provider's stock valued at $9,896,000 after acquiring an additional 3,492 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Tompkins Financial by 1.4% during the first 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 acquiring an additional 1,915 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Tompkins Financial by 8,603.9% during the first quarter. GAMMA Investing LLC now owns 89,998 shares of the financial services provider's stock valued at $5,668,000 after acquiring an additional 88,964 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Tompkins Financial by 3.0% during the first quarter. Principal Financial Group Inc. now owns 62,552 shares of the financial services provider's stock valued at $3,940,000 after acquiring an additional 1,829 shares in the last quarter. Institutional investors own 69.11% of the company's stock.

Tompkins Financial Stock Up 5.7%

Shares of NYSEAMERICAN:TMP traded up $3.78 on Friday, hitting $70.39. 64,363 shares of the company traded hands, compared to its average volume of 48,338. Tompkins Financial Corporation has a 52 week low of $53.95 and a 52 week high of $79.01. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.88. The business has a 50 day moving average price of $64.67. The company has a market capitalization of $1.02 billion, a P/E ratio of 12.71 and a beta of 0.92.

Tompkins Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.5%. Tompkins Financial's dividend payout ratio (DPR) is presently 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.