Tompkins Financial Co. (NYSEAMERICAN:TMP – Get Free Report) 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.
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.
Get Our Latest Stock Analysis on TMP
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.
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