Tompkins Financial Corporation (NYSEAMERICAN:TMP – Get Free Report) announced a quarterly dividend on Friday, October 23rd. Stockholders of record on Friday, November 6th will be given a dividend of $0.74 per share by the financial services provider on Friday, November 13th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, November 6th. This is a 5.7% increase from Tompkins Financial’s previous quarterly dividend of $0.70.
Tompkins Financial has a dividend payout ratio of 38.6% indicating that its dividend is sufficiently covered by earnings. Equities 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%.
Tompkins Financial Stock Performance
Shares of TMP stock traded up $0.42 during trading hours on Friday, reaching $101.20. The company had a trading volume of 142,929 shares, compared to its average volume of 93,203. 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 $62.98 and a one year high of $102.80. The firm has a market cap of $1.46 billion, a PE ratio of 8.29 and a beta of 0.76. The business has a fifty day moving average price of $97.95 and a 200-day moving average price of $92.82.
Tompkins Financial (NYSEAMERICAN:TMP – Get Free Report) last posted its earnings results on Friday, October 23rd. The financial services provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.05. The company had revenue of $89.85 million for the quarter, compared to the consensus estimate of $89.65 million. Tompkins Financial had a return on equity of 11.52% and a net margin of 30.13%. Sell-side analysts predict that Tompkins Financial will post 7.75 earnings per share for the current fiscal year.
Institutional Trading of Tompkins Financial
Several hedge funds have recently bought and sold shares of TMP. Cardinal Capital Management boosted its position in shares of Tompkins Financial by 6.0% in the third quarter. Cardinal Capital Management now owns 26,595 shares of the financial services provider’s stock worth $2,560,000 after purchasing an additional 1,507 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Tompkins Financial by 57.4% in the third quarter. Nisa Investment Advisors LLC now owns 2,189 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 798 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Tompkins Financial during the 2nd quarter valued at $51,000. NewEdge Advisors LLC bought a new stake in shares of Tompkins Financial during the 2nd quarter valued at $204,000. Finally, Allworth Financial LP raised its position in shares of Tompkins Financial by 4.1% during the 2nd quarter. Allworth Financial LP now owns 2,709 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 106 shares during the period. Institutional investors own 69.11% of the company’s stock.
Tompkins Financial Company Profile
Tompkins Financial Corporation is a financial services holding company headquartered in Ithaca, New York. Through its subsidiaries, the company provides banking, insurance and wealth-management services to individuals, families, businesses and municipal organizations.
Its banking operations are conducted primarily through Tompkins Community Bank, which offers deposit accounts, residential and commercial lending, mortgages, cash-management services, online banking and other financial products.
Further Reading
- Five stocks we like better than Tompkins Financial
- Bloom Energy Just Reported—Its Biggest Order Is Still Waiting on a Pipeline
- Why Western Digital’s AI Storage Boom Defies the Chip Sell-Off
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
Receive News & Ratings for Tompkins Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tompkins Financial and related companies with MarketBeat.com's FREE daily email newsletter.
