Tompkins Financial (NYSEAMERICAN:TMP) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Tompkins Financial shares experienced unusually high trading volume with approximately 32,620 shares traded, a 17% decline from the previous day.
• The company declared a quarterly dividend of $0.62 per share, resulting in an annualized yield of 3.6% and a payout ratio of 50.10%.
• Institutional investors hold 69.11% of Tompkins Financial's stock, with several firms increasing their positions significantly during the last quarter.

Tompkins Financial Corporation (NYSEAMERICAN:TMP - ) shares saw unusually-strong trading volume on Thursday . Approximately 32,620 shares changed hands during mid-day trading, a decline of 17% from the previous session's volume of 39,331 shares.The stock last traded at $68.95 and had previously closed at $69.10.

Tompkins Financial Price Performance

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average of $66.72. The stock has a market capitalization of $1.00 billion, a PE ratio of 12.57 and a beta of 0.94.

Tompkins Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.6%. Tompkins Financial's payout ratio is currently 50.10%.

Hedge Funds Weigh In On Tompkins Financial

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position in 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 in the last quarter. von Borstel & Associates Inc. purchased a new position in Tompkins Financial during the first quarter worth approximately $95,000. CWM LLC lifted its position in Tompkins Financial by 66.3% during the first quarter. CWM LLC now owns 1,848 shares of the financial services provider's stock worth $116,000 after buying an additional 737 shares in the last quarter. Quantbot Technologies LP purchased a new position in Tompkins Financial during the second quarter worth approximately $151,000. Finally, Allworth Financial LP lifted its position in Tompkins Financial by 3,207.7% during the second quarter. Allworth Financial LP now owns 2,580 shares of the financial services provider's stock worth $162,000 after buying an additional 2,502 shares in the last quarter. Hedge funds and other institutional investors own 69.11% of the company's stock.

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.

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