Tompkins Financial Co. (NYSEAMERICAN:TMP) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 643,600 shares, a growth of 11.2% from the July 31st total of 578,700 shares. Based on an average trading volume of 46,300 shares, the days-to-cover ratio is presently 13.9 days. Currently, 4.9% of the company’s shares are sold short.
A number of hedge funds have recently bought and sold shares of TMP. Krane Funds Advisors LLC bought a new position in Tompkins Financial in the second quarter valued at approximately $59,000. Pinebridge Investments L.P. grew its stake in Tompkins Financial by 28.1% in the second quarter. Pinebridge Investments L.P. now owns 1,250 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 274 shares in the last quarter. Advisors Preferred LLC bought a new position in Tompkins Financial in the second quarter valued at approximately $113,000. Bank of Montreal Can grew its stake in Tompkins Financial by 274.2% in the second quarter. Bank of Montreal Can now owns 1,785 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 1,308 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Tompkins Financial in the second quarter valued at approximately $204,000.
NYSEAMERICAN:TMP opened at $84.31 on Monday. Tompkins Financial has a 1-year low of $69.02 and a 1-year high of $86.72.
About Tompkins Financial
Tompkins Financial Corporation operates as a community-based financial services company that 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.
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