Tompkins Financial Corp raised its position in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) by 1.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,159,812 shares of the financial services provider's stock after purchasing an additional 19,034 shares during the quarter. Tompkins Financial accounts for approximately 7.0% of Tompkins Financial Corp's holdings, making the stock its 2nd biggest position. Tompkins Financial Corp owned about 8.06% of Tompkins Financial worth $73,045,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in TMP. Wilmington Savings Fund Society FSB purchased a new stake in Tompkins Financial during the 4th quarter valued at $27,000. Sterling Capital Management LLC boosted its position in Tompkins Financial by 784.8% during the fourth 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 stake in Tompkins Financial during the fourth quarter valued at about $49,000. Russell Investments Group Ltd. boosted its position in Tompkins Financial by 21,563.6% during the fourth quarter. Russell Investments Group Ltd. now owns 2,383 shares of the financial services provider's stock valued at $162,000 after purchasing an additional 2,372 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Tompkins Financial in the fourth quarter worth about $163,000. 69.11% of the stock is currently owned by institutional investors.
Tompkins Financial Price Performance
NYSEAMERICAN TMP traded up $0.91 during trading on Tuesday, hitting $61.76. The company's stock had a trading volume of 10,858 shares, compared to its average volume of 55,164. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $888.73 million, a P/E ratio of 12.48 and a beta of 0.73. The firm's 50 day moving average is $60.53. Tompkins Financial Co. has a fifty-two week low of $43.32 and a fifty-two week high of $79.01.
Tompkins Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend was Friday, May 9th. Tompkins Financial's dividend payout ratio is currently 50.10%.
Tompkins Financial Company Profile
(
Free Report)
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.
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