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. Stockholders of record on Friday, May 10th will be given 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% annually over the last three years. Tompkins Financial has a payout ratio of 49.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.0 %

Shares of Tompkins Financial stock traded up $0.48 during trading hours on Friday, reaching $46.33. 38,389 shares of the company’s stock were exchanged, compared to its average volume of 66,868. Tompkins Financial has a fifty-two week low of $43.09 and a fifty-two week 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 company has a market cap of $667.62 million, a price-to-earnings ratio of 72.13 and a beta of 0.65.

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

Insider Buying and Selling at Tompkins Financial

In related news, Director Ita M. Rahilly bought 1,982 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were purchased at an average price of $50.46 per share, for a total transaction of $100,011.72. Following the completion of 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 filing with the SEC, which is accessible through the SEC website. Company insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Tompkins Financial to a “sell” rating in a 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.