Tompkins Financial Corporation (NYSEAMERICAN:TMP) Increases Dividend to $0.70 Per Share

Tompkins Financial Corporation (NYSEAMERICAN:TMP) announced a quarterly dividend on Friday, July 24th. Stockholders of record on Friday, August 7th will be paid 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 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. Research analysts expect Tompkins Financial to earn $8.10 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 30.6%.

Tompkins Financial Trading Up 9.1%

Shares of TMP traded up $8.47 during mid-day trading on Friday, reaching $101.12. 182,270 shares of the company were exchanged, compared to its average volume of 72,478. The business has a 50 day simple moving average of $90.07 and a two-hundred day simple moving average of $83.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $1.45 billion, a PE ratio of 8.66 and a beta of 0.74. Tompkins Financial has a 52 week low of $61.21 and a 52 week high of $101.49.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its earnings results on Friday, July 24th. The financial services provider reported $2.04 EPS for the quarter, beating the consensus estimate of $1.82 by $0.22. Tompkins Financial had a return on equity of 11.27% and a net margin of 28.93%.The business had revenue of $87.12 million for the quarter, compared to analysts’ expectations of $86.93 million. On average, analysts predict that Tompkins Financial will post 7.55 earnings per share for the current fiscal year.

About Tompkins Financial

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.