Tompkins Financial Corporation (NYSEAMERICAN:TMP) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in Tompkins Financial Corporation (NYSEAMERICAN:TMP - Free Report) by 30.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,367 shares of the financial services provider's stock after selling 5,380 shares during the period. Teacher Retirement System of Texas owned approximately 0.09% of Tompkins Financial worth $779,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. SG Americas Securities LLC increased its stake in Tompkins Financial by 42.2% in the first quarter. SG Americas Securities LLC now owns 10,283 shares of the financial services provider's stock valued at $648,000 after acquiring an additional 3,050 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Tompkins Financial by 38.2% in the 1st quarter. GAMMA Investing LLC now owns 1,429 shares of the financial services provider's stock worth $90,000 after purchasing an additional 395 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Tompkins Financial by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,305,903 shares of the financial services provider's stock valued at $88,579,000 after buying an additional 4,173 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Tompkins Financial by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,245 shares of the financial services provider's stock worth $491,000 after purchasing an additional 253 shares during the period. Finally, Franklin Resources Inc. bought a new position in Tompkins Financial in the 4th quarter worth $586,000. Hedge funds and other institutional investors own 69.11% of the company's stock.

Tompkins Financial Price Performance

Shares of NYSEAMERICAN:TMP traded down $0.06 during trading hours on Friday, hitting $65.61. 17,748 shares of the company's stock traded hands, compared to its average volume of 50,764. Tompkins Financial Corporation has a 1 year low of $53.41 and a 1 year high of $79.01. The firm has a fifty day simple moving average of $63.12. The firm has a market cap of $946.74 million, a price-to-earnings ratio of 12.76 and a beta of 0.90. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.67.

Tompkins Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.78%. The ex-dividend date was Friday, May 9th. Tompkins Financial's payout ratio is currently 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.