Tompkins Financial Corporation $TMP Stock Position Boosted by Vanguard Group Inc.

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. boosted its stake in Tompkins Financial Corporation (NYSEAMERICAN:TMP - Free Report) by 2.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,336,830 shares of the financial services provider's stock after acquiring an additional 30,927 shares during the period. 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 institutional investors and hedge funds also recently modified their holdings of TMP. Wells Fargo & Company MN raised its holdings in shares of Tompkins Financial by 21.8% during the fourth quarter. Wells Fargo & Company MN now owns 9,640 shares of the financial services provider's stock worth $654,000 after purchasing an additional 1,727 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of 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 worth $162,000 after purchasing an additional 2,372 shares during the period. Invesco Ltd. raised its holdings in shares of Tompkins Financial by 4.6% during the fourth quarter. Invesco Ltd. now owns 53,169 shares of the financial services provider's stock worth $3,606,000 after purchasing an additional 2,347 shares during the period. Sterling Capital Management LLC raised its holdings in shares of Tompkins Financial by 784.8% during the fourth quarter. Sterling Capital Management LLC now owns 407 shares of the financial services provider's stock worth $28,000 after purchasing an additional 361 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in shares of Tompkins Financial by 9.7% in the 4th quarter. MetLife Investment Management LLC now owns 7,745 shares of the financial services provider's stock worth $525,000 after acquiring an additional 682 shares during the period. 69.11% of the stock is owned by institutional investors and hedge funds.

Tompkins Financial Price Performance

Shares of TMP stock traded down $0.11 during trading hours on Friday, reaching $70.14. The stock had a trading volume of 36,463 shares, compared to its average volume of 41,657. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.88. Tompkins Financial Corporation has a twelve month low of $53.95 and a twelve month high of $79.01. The company's 50-day simple moving average is $65.67. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 12.66 and a beta of 0.92.

Tompkins Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 8th. Tompkins Financial's dividend payout ratio (DPR) 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.