Wellington Management Group LLP Buys 21,258 Shares of Tompkins Financial Corporation $TMP

Key Points

• Wellington Management Group LLP increased its stake in Tompkins Financial Corporation by 52.6%, acquiring an additional 21,258 shares to hold a total of 61,700 shares valued at approximately $3.89 million.
• The company recently disclosed a quarterly dividend of $0.62, representing an annualized dividend of $2.48 and a yield of 3.5%.
• Tompkins Financial's stock price has ranged from a 1-year low of $53.95 to a 1-year high of $79.01, with a current market capitalization of $1.01 billion.

Wellington Management Group LLP raised its stake in Tompkins Financial Corporation (NYSEAMERICAN:TMP - Free Report) by 52.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 61,700 shares of the financial services provider's stock after buying an additional 21,258 shares during the period. Wellington Management Group LLP owned about 0.43% of Tompkins Financial worth $3,886,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. boosted its holdings in Tompkins Financial by 4.1% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 5,310 shares of the financial services provider's stock valued at $360,000 after acquiring an additional 208 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 purchasing an additional 253 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Tompkins Financial by 38.2% during the first quarter. GAMMA Investing LLC now owns 1,429 shares of the financial services provider's stock worth $90,000 after buying an additional 395 shares during the period. MetLife Investment Management LLC increased its position in shares of Tompkins Financial by 9.7% during the fourth quarter. MetLife Investment Management LLC now owns 7,745 shares of the financial services provider's stock worth $525,000 after buying an additional 682 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Tompkins Financial by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 35,060 shares of the financial services provider's stock valued at $2,378,000 after buying an additional 692 shares during the period. 69.11% of the stock is currently owned by institutional investors.

Tompkins Financial Trading Up 1.3%

NYSEAMERICAN TMP traded up $0.93 during trading hours on Thursday, hitting $70.87. 39,076 shares of the company's stock were exchanged, compared to its average volume of 39,920. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.88. Tompkins Financial Corporation has a 1-year low of $53.95 and a 1-year high of $79.01. The firm has a 50-day moving average of $66.29. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 12.79 and a beta of 0.94.

Tompkins Financial Dividend Announcement

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. This represents a $2.48 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, August 8th. Tompkins Financial's 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.