Tompkins Financial Corporation (NYSEAMERICAN:TMP) Plans Quarterly Dividend of $0.67

Tompkins Financial Corporation (NYSEAMERICAN:TMP) announced a quarterly dividend on Thursday, January 29th. Stockholders of record on Friday, February 13th will be given a dividend of 0.67 per share by the financial services provider on Sunday, February 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, February 13th. This is a 3.1% increase from Tompkins Financial’s previous quarterly dividend of $0.65.

Tompkins Financial has a dividend payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Tompkins Financial to earn $6.10 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 40.7%.

Tompkins Financial Price Performance

TMP traded down $1.01 during trading on Wednesday, reaching $84.30. 30,792 shares of the stock were exchanged, compared to its average volume of 63,787. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 7.51 and a beta of 0.79. Tompkins Financial has a 1 year low of $54.16 and a 1 year high of $86.95. The business’s 50 day moving average price is $75.98 and its two-hundred day moving average price is $70.12.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its quarterly earnings data on Friday, January 30th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.01. The business had revenue of $257.30 million for the quarter, compared to the consensus estimate of $136.16 million. Tompkins Financial had a return on equity of 11.19% and a net margin of 27.82%. As a group, equities research analysts anticipate that Tompkins Financial will post 5.46 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TMP shares. Piper Sandler assumed coverage on Tompkins Financial in a research report on Wednesday, December 3rd. They issued a “neutral” rating and a $74.00 target price for the company. Zacks Research upgraded Tompkins Financial to a “hold” rating in a report on Thursday, December 4th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Tompkins Financial presently has a consensus rating of “Hold” and an average target price of $74.00.

Tompkins Financial Company Profile

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.