Tompkins Financial Co. (NYSEAMERICAN:TMP) Sees Significant Increase in Short Interest

Tompkins Financial Co. (NYSEAMERICAN:TMP - Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 143,500 shares, an increase of 22.1% from the April 30th total of 117,500 shares. Based on an average daily trading volume, of 51,800 shares, the short-interest ratio is presently 2.8 days. Approximately 1.1% of the company's stock are short sold.

Tompkins Financial Price Performance

NYSEAMERICAN:TMP traded up $1.56 during trading hours on Friday, hitting $61.93. 42,361 shares of the company were exchanged, compared to its average volume of 55,408. The stock has a market cap of $891.17 million, a PE ratio of 12.51 and a beta of 0.73. Tompkins Financial has a 52-week low of $43.32 and a 52-week high of $79.01. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.96 and a quick ratio of 0.92. The company's 50 day moving average is $60.35.

Tompkins Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 4.00%. The ex-dividend date was Friday, May 9th. Tompkins Financial's payout ratio is 50.10%.

Hedge Funds Weigh In On Tompkins Financial

Several large investors have recently made changes to their positions in TMP. GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 88,964 shares during the period. JPMorgan Chase & Co. boosted its stake in Tompkins Financial by 76.1% during the fourth quarter. JPMorgan Chase & Co. now owns 109,668 shares of the financial services provider's stock worth $7,439,000 after buying an additional 47,382 shares during the period. American Century Companies Inc. boosted its stake in shares of Tompkins Financial by 50.2% in the fourth quarter. American Century Companies Inc. now owns 123,654 shares of the financial services provider's stock valued at $8,387,000 after purchasing an additional 41,329 shares during the period. Wellington Management Group LLP purchased a new position in shares of Tompkins Financial in the fourth quarter valued at approximately $2,743,000. Finally, Nuveen LLC purchased a new position in shares of Tompkins Financial in the first quarter valued at approximately $2,364,000. 69.11% of the stock is currently owned by institutional investors and hedge funds.

About Tompkins Financial

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.