Tompkins Financial Co. (NYSEAMERICAN:TMP) Increases 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 of this dividend 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% annually over the last three years. Tompkins Financial has a dividend payout ratio of 49.0% meaning its dividend is sufficiently covered by earnings. Equities 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

TMP stock opened at $46.33 on Friday. Tompkins Financial has a 1-year low of $43.09 and a 1-year high of $65.54. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $667.62 million, a PE ratio of 71.64 and a beta of 0.65.

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

Insiders Place Their Bets

In other Tompkins Financial news, Director Ita M. Rahilly bought 1,982 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average price of $50.46 per share, for a total transaction of $100,011.72. Following the transaction, the director now directly owns 8,454 shares in the company, valued at $426,588.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

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

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.