Tompkins Financial Co. (NYSEAMERICAN:TMP) to Issue $0.61 Quarterly Dividend

Tompkins Financial Co. (NYSEAMERICAN:TMP) declared a quarterly dividend on Friday, July 26th, NASDAQ reports. Stockholders of record on Friday, August 9th will be given a dividend of 0.61 per share by the financial services provider on Friday, August 16th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Friday, August 9th.

Tompkins Financial has raised its dividend by an average of 4.6% annually over the last three years and has raised its dividend every year for the last 38 years. Tompkins Financial has a payout ratio of 51.8% meaning its dividend is sufficiently covered by earnings.

Tompkins Financial Price Performance

TMP stock traded up $0.58 during midday trading on Friday, hitting $64.16. The stock had a trading volume of 57,888 shares, compared to its average volume of 64,136. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.78. The stock has a market cap of $923.90 million, a price-to-earnings ratio of 135.28 and a beta of 0.70. Tompkins Financial has a 52-week low of $43.09 and a 52-week high of $65.54.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its quarterly earnings data on Friday, April 26th. The financial services provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.04). Tompkins Financial had a return on equity of 1.08% and a net margin of 2.16%. The business had revenue of $72.81 million for the quarter, compared to the consensus estimate of $74.91 million.

Insider Activity

In other Tompkins Financial news, Director Janet M. Coletti bought 1,000 shares of Tompkins Financial stock in a transaction on Thursday, May 16th. The stock was acquired at an average cost of $47.91 per share, with a total value of $47,910.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at $95,820. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TMP shares. StockNews.com cut shares of Tompkins Financial from a “hold” rating to a “sell” rating in a research note on Monday. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $50.00 target price (down previously from $55.00) on shares of Tompkins Financial in a research note on Friday, May 3rd.

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.