Tompkins Financial Co. (TMP) Sees Significant Decline in Short Interest

Tompkins Financial Co. (NYSEAMERICAN:TMP) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 619,573 shares, a decrease of 0.5% from the November 30th total of 622,607 shares. Based on an average daily trading volume, of 43,835 shares, the short-interest ratio is currently 14.1 days. Currently, 4.7% of the shares of the stock are sold short.

Tompkins Financial (NYSEAMERICAN:TMP) opened at $81.14 on Wednesday. Tompkins Financial has a 52-week low of $71.27 and a 52-week high of $96.00. The stock has a market cap of $1,240.00, a PE ratio of 18.83 and a beta of 0.75.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.01. The company had revenue of $68.20 million during the quarter. Tompkins Financial had a return on equity of 11.81% and a net margin of 25.55%.

A number of hedge funds and other institutional investors have recently bought and sold shares of TMP. Aperio Group LLC increased its stake in Tompkins Financial by 14.3% during the 2nd quarter. Aperio Group LLC now owns 3,144 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 393 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Tompkins Financial by 3.9% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,900 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 110 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in Tompkins Financial by 7.2% during the 2nd quarter. Great West Life Assurance Co. Can now owns 18,665 shares of the financial services provider’s stock worth $1,466,000 after purchasing an additional 1,250 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Tompkins Financial by 1.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 59,551 shares of the financial services provider’s stock worth $4,688,000 after purchasing an additional 579 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Tompkins Financial during the 2nd quarter worth approximately $278,000.

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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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