Tompkins Financial Co. (TMP) Short Interest Down 2.1% in November

Tompkins Financial Co. (NYSEAMERICAN:TMP) saw a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 613,836 shares, a drop of 2.1% from the October 31st total of 626,821 shares. Currently, 4.7% of the shares of the company are sold short. Based on an average trading volume of 24,088 shares, the short-interest ratio is currently 25.5 days.

A number of hedge funds have recently modified their holdings of TMP. Signature Estate & Investment Advisors LLC purchased a new position in Tompkins Financial in the 3rd quarter worth $124,000. KBC Group NV raised its stake in Tompkins Financial by 689.5% in the 2nd quarter. KBC Group NV now owns 2,021 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 1,765 shares during the last quarter. Victory Capital Management Inc. raised its stake in Tompkins Financial by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,209 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 331 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Tompkins Financial by 81.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,443 shares of the financial services provider’s stock worth $192,000 after acquiring an additional 1,093 shares during the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in Tompkins Financial in the 2nd quarter worth $210,000.

Tompkins Financial (NYSEAMERICAN:TMP) opened at $86.79 on Friday. Tompkins Financial has a 52 week low of $71.27 and a 52 week high of $96.70.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its earnings results on Friday, October 27th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.01. The firm had revenue of $68.20 million during the quarter.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, November 7th were paid a $0.47 dividend. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, November 6th. This represents a $1.88 dividend on an annualized basis and a yield of 2.17%. Tompkins Financial’s dividend payout ratio (DPR) is 43.62%.

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About Tompkins Financial

Tompkins Financial Corporation (Tompkins) is a financial holding company. The Company is a community-based financial services company that offers an array of products and services, including commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, insurance, and brokerage services.

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