Tompkins Financial Co. (NYSEAMERICAN:TMP) Short Interest Up 22.0% in March

Tompkins Financial Co. (NYSEAMERICAN:TMP - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 97,500 shares, an increase of 22.0% from the March 15th total of 79,900 shares. Based on an average daily volume of 53,900 shares, the short-interest ratio is presently 1.8 days. Currently, 0.8% of the company's shares are short sold.

Tompkins Financial Trading Up 1.4 %

TMP stock traded up $0.82 during mid-day trading on Wednesday, hitting $58.91. 52,052 shares of the company were exchanged, compared to its average volume of 55,246. Tompkins Financial has a 12-month low of $43.32 and a 12-month high of $79.01. The firm has a market cap of $847.71 million, a PE ratio of 11.90 and a beta of 0.73. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.96 and a quick ratio of 0.92.

Tompkins Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were issued a $0.62 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.48 annualized dividend and a yield of 4.21%. Tompkins Financial's dividend payout ratio (DPR) is presently 50.10%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Cardinal Capital Management raised its stake in shares of Tompkins Financial by 10.4% in the first quarter. Cardinal Capital Management now owns 18,511 shares of the financial services provider's stock valued at $1,166,000 after acquiring an additional 1,745 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Tompkins Financial by 42.2% in the 1st quarter. SG Americas Securities LLC now owns 10,283 shares of the financial services provider's stock valued at $648,000 after buying an additional 3,050 shares during the period. GAMMA Investing LLC grew its position in shares of 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. Tompkins Financial Corp increased its stake in shares of Tompkins Financial by 1.7% during the first quarter. Tompkins Financial Corp now owns 1,159,812 shares of the financial services provider's stock worth $73,045,000 after buying an additional 19,034 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in Tompkins Financial in the fourth quarter valued at approximately $2,743,000. 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.