Public Sector Pension Investment Board Purchases 8,525 Shares of Tompkins Financial Corporation $TMP

Key Points

• The Public Sector Pension Investment Board increased its stake in Tompkins Financial Corporation by 27.2%, owning a total of 39,843 shares worth $2,509,000 by the end of the last quarter.
• Tompkins Financial announced a quarterly dividend of $0.62, translating to an annualized dividend yield of 3.7%.
• Institutional investors collectively own 69.11% of Tompkins Financial's stock, indicating strong institutional interest in the company.

Public Sector Pension Investment Board increased its holdings in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP - Free Report) by 27.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,843 shares of the financial services provider's stock after purchasing an additional 8,525 shares during the period. Public Sector Pension Investment Board owned approximately 0.28% of Tompkins Financial worth $2,509,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC lifted its holdings in shares of Tompkins Financial by 784.8% during the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 361 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of Tompkins Financial during the 4th quarter valued at about $49,000. GAMMA Investing LLC lifted its holdings in shares of 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 purchasing an additional 395 shares in the last quarter. von Borstel & Associates Inc. bought a new position in shares of Tompkins Financial during the 1st quarter valued at about $95,000. Finally, CWM LLC lifted its holdings in shares of 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 purchasing an additional 737 shares in the last quarter. Institutional investors own 69.11% of the company's stock.

Tompkins Financial Trading Down 1.3%

Shares of NYSEAMERICAN:TMP traded down $0.89 during trading on Monday, hitting $69.50. 48,582 shares of the company's stock traded hands, compared to its average volume of 48,758. 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 firm has a market cap of $1.00 billion, a P/E ratio of 12.55 and a beta of 0.92. The firm has a 50-day simple moving average of $64.85.

Tompkins Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.6%. Tompkins Financial's payout ratio 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.