Tompkins Financial Corporation (TMP) To Go Ex-Dividend on August 7th

Tompkins Financial Corporation (NYSEAMERICAN:TMP – Get Free Report) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Friday, August 7th will be given a dividend of 0.70 per share by the financial services provider on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, August 7th. This is a 4.5% increase from Tompkins Financial’s previous quarterly dividend of $0.67.

Tompkins Financial has a dividend payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Tompkins Financial to earn $8.20 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 30.2%.

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Tompkins Financial Trading Up 0.6%

TMP opened at $101.54 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.95 and a current ratio of 0.95. Tompkins Financial has a one year low of $61.21 and a one year high of $102.02. The company has a market cap of $1.46 billion, a P/E ratio of 8.32 and a beta of 0.74. The business’s 50-day simple moving average is $92.54 and its 200-day simple moving average is $84.90.

Tompkins Financial (NYSEAMERICAN:TMP – Get Free Report) last released its quarterly earnings data on Friday, July 24th. The financial services provider reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.22. Tompkins Financial had a net margin of 30.13% and a return on equity of 11.52%. The company had revenue of $87.12 million for the quarter, compared to analysts’ expectations of $86.93 million. As a group, equities research analysts expect that Tompkins Financial will post 7.75 EPS for the current fiscal year.

Tompkins Financial Company Profile

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Tompkins Financial (NYSEAMERICAN:TMP) is a bank holding company headquartered in Ithaca, New York, that provides a diversified range of financial services. Through its principal banking subsidiary, Tompkins Trust Company, the firm offers commercial and consumer banking products including checking and savings accounts, mortgage loans, and credit facilities. Beyond traditional banking, Tompkins Financial delivers asset management, trust and estate planning, retirement services and investment advisory solutions.

In addition to its core banking operations, Tompkins Financial operates Tompkins Insurance Agencies, which offers property and casualty, life and health insurance coverages to individuals and businesses.

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