Tompkins Financial Corporation $TMP Shares Sold by Tompkins Financial Corp

Key Points

• Tompkins Financial Corp reduced its stake in Tompkins Financial Corporation by 1.3%, owning 1,145,028 shares after selling 14,784 shares in the 2nd quarter.
• The company recently declared a quarterly dividend of $0.62 per share, resulting in an annualized dividend of $2.48 and a yield of 3.6%.
• The market cap of Tompkins Financial Corporation is approximately $986.87 million, with a PE ratio of 12.34 and a current ratio of 0.95.

Tompkins Financial Corp lessened its stake in Tompkins Financial Corporation (NYSEAMERICAN:TMP - Free Report) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,145,028 shares of the financial services provider's stock after selling 14,784 shares during the period. Tompkins Financial comprises 6.6% of Tompkins Financial Corp's portfolio, making the stock its 2nd biggest holding. Tompkins Financial Corp owned approximately 7.94% of Tompkins Financial worth $71,828,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Tompkins Financial by 38.2% in the 1st quarter. GAMMA Investing LLC now owns 1,429 shares of the financial services provider's stock valued at $90,000 after acquiring an additional 395 shares in the last quarter. von Borstel & Associates Inc. acquired a new position in shares of Tompkins Financial in the first quarter valued at $95,000. CWM LLC lifted its position in Tompkins Financial by 66.3% in the first quarter. CWM LLC now owns 1,848 shares of the financial services provider's stock worth $116,000 after purchasing an additional 737 shares during the period. State of Wyoming bought a new position in Tompkins Financial in the fourth quarter worth $223,000. Finally, Heritage Investment Group Inc. acquired a new stake in Tompkins Financial during the first quarter worth $229,000. 69.11% of the stock is currently owned by institutional investors.

Tompkins Financial Stock Performance

Shares of TMP stock opened at $68.39 on Thursday. Tompkins Financial Corporation has a 52-week low of $54.16 and a 52-week high of $79.01. The firm has a market cap of $986.87 million, a PE ratio of 12.34 and a beta of 0.94. 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 fifty day simple moving average of $66.94.

Tompkins Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were paid a dividend of $0.62 per share. The ex-dividend date was Friday, August 8th. This represents a $2.48 dividend on an annualized basis and a yield of 3.6%. Tompkins Financial's dividend payout ratio (DPR) 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.

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