Tompkins Financial Co. (NYSEAMERICAN:TMP) Raises Dividend to $0.61 Per Share

Tompkins Financial Co. (NYSEAMERICAN:TMP) declared a dividend on Friday, April 26th, NASDAQ reports. Investors of record on Friday, May 10th will be paid a dividend of 0.61 per share by the financial services provider on Friday, May 17th. The ex-dividend date is Thursday, May 9th. This is an increase from Tompkins Financial’s previous dividend of $0.52.

Tompkins Financial has raised its dividend payment by an average of 4.6% per year over the last three years. Tompkins Financial has a dividend payout ratio of 49.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tompkins Financial to earn $5.55 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 43.2%.

Tompkins Financial Price Performance

Tompkins Financial stock traded up $0.48 during trading hours on Friday, reaching $46.33. The stock had a trading volume of 38,389 shares, compared to its average volume of 66,868. The firm has a market cap of $667.62 million, a PE ratio of 72.13 and a beta of 0.65. Tompkins Financial has a 52 week low of $43.09 and a 52 week high of $65.54. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.90.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its quarterly earnings data on Friday, January 26th. The financial services provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.22). The business had revenue of $71.21 million for the quarter, compared to the consensus estimate of $74.58 million. Tompkins Financial had a return on equity of 1.48% and a net margin of 3.09%. As a group, equities analysts expect that Tompkins Financial will post 4.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Tompkins Financial to a “sell” rating in a report on Friday, January 12th.

Insider Activity at Tompkins Financial

In other news, Director Ita M. Rahilly bought 1,982 shares of Tompkins Financial stock in a transaction dated Tuesday, February 20th. The shares were acquired at an average price of $50.46 per share, with a total value of $100,011.72. Following the completion of the purchase, the director now owns 8,454 shares in the company, valued at approximately $426,588.84. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.50% of the stock is owned by insiders.

Tompkins Financial Company Profile

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.