Tompkins Financial Corp Has $71.83 Million Position in Tompkins Financial Corporation $TMP

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 decreased its stake in Tompkins Financial Corporation (NYSEAMERICAN:TMP - Free Report) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,145,028 shares of the financial services provider's stock after selling 14,784 shares during the quarter. Tompkins Financial accounts for about 6.6% of Tompkins Financial Corp's portfolio, making the stock its 2nd largest position. Tompkins Financial Corp owned approximately 7.94% of Tompkins Financial worth $71,828,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Tompkins Financial by 2.4% in the first quarter. Vanguard Group Inc. now owns 1,336,830 shares of the financial services provider's stock valued at $84,194,000 after buying an additional 30,927 shares during the period. American Century Companies Inc. lifted its stake in Tompkins Financial by 14.5% in the first quarter. American Century Companies Inc. now owns 141,631 shares of the financial services provider's stock valued at $8,920,000 after buying an additional 17,977 shares during the period. Bank of New York Mellon Corp lifted its stake in Tompkins Financial by 1.4% in 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 buying an additional 1,915 shares during the period. GAMMA Investing LLC lifted its stake in Tompkins Financial by 8,603.9% in the first quarter. GAMMA Investing LLC now owns 89,998 shares of the financial services provider's stock valued at $5,668,000 after buying an additional 88,964 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Tompkins Financial by 3.0% in 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 buying an additional 1,829 shares during the period. Institutional investors and hedge funds own 69.11% of the company's stock.

Tompkins Financial Trading Down 0.5%

NYSEAMERICAN:TMP traded down $0.35 during mid-day trading on Monday, hitting $68.82. The company had a trading volume of 46,232 shares, compared to its average volume of 45,365. Tompkins Financial Corporation has a fifty-two week low of $54.16 and a fifty-two week high of $79.01. The business's fifty day moving average is $67.11 and its two-hundred day moving average is $63.72. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $993.07 million, a P/E ratio of 12.42 and a beta of 0.94.

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 issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Friday, August 8th. Tompkins Financial's dividend 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.