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

Tompkins Financial Co. (NYSEAMERICAN:TMP) announced a dividend on Friday, April 26th, NASDAQ reports. Shareholders 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 of this dividend is Thursday, May 9th. This is a positive change from Tompkins Financial’s previous dividend of $0.52.

Tompkins Financial has increased 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% meaning its dividend is sufficiently covered by earnings. 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 Stock Up 1.0 %

Shares of TMP stock opened at $46.33 on Friday. Tompkins Financial has a 12-month low of $43.09 and a 12-month high of $65.54. The stock has a market capitalization of $667.62 million, a PE ratio of 71.64 and a beta of 0.65. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.90.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its earnings results on Friday, January 26th. The financial services provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.22). The business had revenue of $71.21 million during the quarter, compared to analysts’ expectations of $74.58 million. Tompkins Financial had a net margin of 3.09% and a return on equity of 1.48%. Equities research analysts predict that Tompkins Financial will post 4.94 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, Director Ita M. Rahilly acquired 1,982 shares of Tompkins Financial stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average cost of $50.46 per share, with a total value of $100,011.72. Following the transaction, the director now directly owns 8,454 shares of the company’s stock, valued at approximately $426,588.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.50% of the stock is owned by insiders.

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.