Tompkins Financial (NYSEAMERICAN:TMP) Sees Strong Trading Volume - Here's Why

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.

Shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 32,620 shares traded 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 Trading Down 1.2%

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 market capitalization of $979.65 million, a P/E ratio of 12.25 and a beta of 0.94. The firm's 50 day moving average price is $66.89.

Tompkins Financial Dividend Announcement

The business 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 3.7%. Tompkins Financial's dividend payout ratio is 50.10%.

Institutional Trading of Tompkins Financial

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Thrivent Financial for Lutherans increased its stake in shares of Tompkins Financial by 156.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 23,628 shares of the financial services provider's stock valued at $1,483,000 after acquiring an additional 14,403 shares during the last quarter. Public Sector Pension Investment Board increased its stake in Tompkins Financial by 7.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 42,783 shares of the financial services provider's stock worth $2,684,000 after purchasing an additional 2,940 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Tompkins Financial by 9.2% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 12,542 shares of the financial services provider's stock worth $787,000 after purchasing an additional 1,059 shares in the last quarter. State of Tennessee Department of Treasury increased its stake in Tompkins Financial by 26.6% during the 2nd quarter. State of Tennessee Department of Treasury now owns 24,327 shares of the financial services provider's stock worth $1,526,000 after purchasing an additional 5,116 shares in the last quarter. Finally, Man Group plc increased its stake in Tompkins Financial by 27.6% during the 2nd quarter. Man Group plc now owns 33,174 shares of the financial services provider's stock worth $2,081,000 after purchasing an additional 7,180 shares in the last quarter. 69.11% of the stock is owned by institutional investors.

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.