Vanguard Group Inc. Increases Stock Holdings in Tompkins Financial Corporation $TMP

Key Points

• Vanguard Group Inc. has increased its stake in Tompkins Financial Corporation by 2.4%, now owning approximately 9.29% of the company, valued at $84.19 million.
• Several other institutional investors have also increased their positions, with hedge fund Sterling Capital Management LLC boosting its stake by 784.8% during the last quarter.
• Tompkins Financial recently declared a quarterly dividend of $0.62, representing an annualized yield of 3.5%.

Vanguard Group Inc. lifted its position in Tompkins Financial Corporation (NYSEAMERICAN:TMP - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,336,830 shares of the financial services provider's stock after purchasing an additional 30,927 shares during the quarter. Vanguard Group Inc. owned 9.29% of Tompkins Financial worth $84,194,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TMP. Jacobs Levy Equity Management Inc. increased its stake in shares of Tompkins Financial by 4.1% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 5,310 shares of the financial services provider's stock valued at $360,000 after buying an additional 208 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 valued at $491,000 after buying an additional 253 shares in the last quarter. 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. GAMMA Investing LLC boosted its holdings in shares of Tompkins Financial by 38.2% in the first quarter. GAMMA Investing LLC now owns 1,429 shares of the financial services provider's stock valued at $90,000 after buying an additional 395 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in Tompkins Financial by 9.7% during the 4th quarter. MetLife Investment Management LLC now owns 7,745 shares of the financial services provider's stock worth $525,000 after purchasing an additional 682 shares in the last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.

Tompkins Financial Stock Up 0.7%

TMP traded up $0.51 during trading hours on Wednesday, hitting $70.92. 31,249 shares of the company's stock were exchanged, compared to its average volume of 50,108. 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 50-day moving average price of $65.06. The company has a market capitalization of $1.02 billion, a PE ratio of 12.80 and a beta of 0.92. Tompkins Financial Corporation has a 1-year low of $53.95 and a 1-year high of $79.01.

Tompkins Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.5%. Tompkins Financial's dividend payout ratio (DPR) is currently 50.10%.

Tompkins Financial Company 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.