Tompkins Financial Co. (NYSEAMERICAN:TMP) Declares Quarterly Dividend of $0.61

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 annualized dividend and a dividend yield of 4.41%. The ex-dividend date is Friday, August 9th.

Tompkins Financial has increased its dividend payment by an average of 4.6% annually over the last three years and has raised its dividend annually for the last 38 consecutive years. Tompkins Financial has a payout ratio of 53.3% indicating that its dividend is sufficiently covered by earnings.

Tompkins Financial Stock Down 1.5 %

Shares of NYSEAMERICAN TMP opened at $55.29 on Thursday. The firm has a market capitalization of $796.18 million, a price-to-earnings ratio of 117.64 and a beta of 0.70. Tompkins Financial has a one year low of $43.09 and a one year high of $65.54. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 1.14.

Tompkins Financial (NYSEAMERICAN:TMP) last released its quarterly earnings results on Friday, July 26th. The financial services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.20. The company had revenue of $107.02 million during the quarter. Tompkins Financial had a net margin of 4.11% and a return on equity of 2.16%.

Analysts Set New Price Targets

A number of research analysts have issued reports on TMP shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $59.00 target price (up previously from $50.00) on shares of Tompkins Financial in a research report on Monday, July 29th. StockNews.com upgraded shares of Tompkins Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd.

Insider Transactions at Tompkins Financial

In related news, Director Janet M. Coletti acquired 1,000 shares of Tompkins Financial stock in a transaction dated Thursday, May 16th. The stock was bought at an average price of $47.91 per share, with a total value of $47,910.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $95,820. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.50% of the company’s stock.

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.