Tompkins Financial Co. (TMP) to Issue Quarterly Dividend of $0.62 on November 15th

Tompkins Financial Co. (NYSEAMERICAN:TMP) declared a quarterly dividend on Friday, October 25th, NASDAQ reports. Stockholders of record on Friday, November 8th will be given a dividend of 0.62 per share by the financial services provider on Friday, November 15th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Friday, November 8th. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.61.

Tompkins Financial has raised its dividend by an average of 4.6% annually over the last three years and has raised its dividend every year for the last 38 years. Tompkins Financial has a payout ratio of 49.8% indicating that its dividend is sufficiently covered by earnings.

Tompkins Financial Trading Down 1.8 %

TMP opened at $60.75 on Friday. Tompkins Financial has a 52-week low of $43.09 and a 52-week high of $65.99. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $874.80 million, a P/E ratio of 61.99 and a beta of 0.69.

Tompkins Financial (NYSEAMERICAN:TMP) last released its earnings results on Friday, October 25th. The financial services provider reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.09. Tompkins Financial had a net margin of 4.11% and a return on equity of 2.16%. The business had revenue of $112.51 million during the quarter. During the same period in the prior year, the business posted ($2.35) earnings per share.

Analysts Set New Price Targets

A number of research firms have commented on TMP. StockNews.com raised shares of Tompkins Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. Keefe, Bruyette & Woods raised shares of Tompkins Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $59.00 to $68.00 in a report on Wednesday, October 2nd.

About Tompkins Financial

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.