Cardinal Capital Management Increases Stock Holdings in Tompkins Financial Corporation $TMP

Cardinal Capital Management raised its stake in Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 4.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 19,335 shares of the financial services provider’s stock after acquiring an additional 824 shares during the period. Cardinal Capital Management’s holdings in Tompkins Financial were worth $1,213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Tompkins Financial by 2.4% in the first quarter. Vanguard Group Inc. now owns 1,336,830 shares of the financial services provider’s stock valued at $84,194,000 after buying an additional 30,927 shares in the last quarter. Tompkins Financial Corp increased its holdings in shares of Tompkins Financial by 1.7% in the 1st quarter. Tompkins Financial Corp now owns 1,159,812 shares of the financial services provider’s stock valued at $73,045,000 after purchasing an additional 19,034 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Tompkins Financial by 14.5% in the 1st quarter. American Century Companies Inc. now owns 141,631 shares of the financial services provider’s stock valued at $8,920,000 after purchasing an additional 17,977 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Tompkins Financial by 1.4% in the 1st quarter. Bank of New York Mellon Corp now owns 137,528 shares of the financial services provider’s stock valued at $8,662,000 after purchasing an additional 1,915 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Tompkins Financial by 8,603.9% in the 1st 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 in the last quarter. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

Tompkins Financial Stock Performance

Shares of TMP opened at $68.85 on Wednesday. The company has a 50-day simple moving average of $67.21 and a 200-day simple moving average of $63.75. 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 $993.51 million, a PE ratio of 12.43 and a beta of 0.94. Tompkins Financial Corporation has a 52-week low of $54.16 and a 52-week high of $79.01.

Tompkins Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.48 annualized dividend and a yield of 3.6%. Tompkins Financial’s payout ratio is currently 50.10%.

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.