Franklin Resources Inc. purchased a new stake in Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 8,642 shares of the financial services provider's stock, valued at approximately $586,000. Franklin Resources Inc. owned about 0.06% of Tompkins Financial at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in Tompkins Financial during the 4th quarter worth $27,000. Versant Capital Management Inc lifted its position in Tompkins Financial by 238.8% in the 4th quarter. Versant Capital Management Inc now owns 603 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 425 shares during the last quarter. GAMMA Investing LLC boosted its stake in Tompkins Financial by 17.9% during the 4th quarter. GAMMA Investing LLC now owns 1,034 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 157 shares during the period. FMR LLC grew its position in Tompkins Financial by 14.3% in the 3rd quarter. FMR LLC now owns 1,731 shares of the financial services provider's stock worth $100,000 after purchasing an additional 216 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Tompkins Financial in the fourth quarter valued at approximately $163,000. 69.11% of the stock is owned by institutional investors and hedge funds.
Tompkins Financial Stock Performance
Shares of TMP traded up $2.44 during mid-day trading on Tuesday, reaching $58.09. 45,923 shares of the company's stock traded hands, compared to its average volume of 55,259. Tompkins Financial Co. has a 12 month low of $43.32 and a 12 month high of $79.01. The stock has a market cap of $835.92 million, a PE ratio of 11.74 and a beta of 0.73. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 1.11.
Tompkins Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend was Friday, February 14th. Tompkins Financial's dividend payout ratio (DPR) is presently 50.10%.
About Tompkins Financial
(
Free Report)
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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