Tompkins Financial Co. (NYSEAMERICAN:TMP – Get Free Report) declared a dividend on Friday, April 26th, NASDAQ reports. Investors of record on Friday, May 10th will be paid a dividend of 0.61 per share by the financial services provider on Friday, May 17th. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from Tompkins Financial’s previous dividend of $0.52.
Tompkins Financial has raised its dividend payment by an average of 4.6% annually over the last three years. Tompkins Financial has a dividend payout ratio of 49.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Tompkins Financial to earn $5.55 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 43.2%.
Tompkins Financial Price Performance
TMP stock opened at $46.33 on Friday. Tompkins Financial has a 1-year low of $43.09 and a 1-year high of $65.54. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $667.62 million, a PE ratio of 71.64 and a beta of 0.65.
Insiders Place Their Bets
In other Tompkins Financial news, Director Ita M. Rahilly bought 1,982 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average price of $50.46 per share, for a total transaction of $100,011.72. Following the transaction, the director now directly owns 8,454 shares in the company, valued at $426,588.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.50% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com upgraded Tompkins Financial to a “sell” rating in a research report on Friday, January 12th.
Get Our Latest Analysis on TMP
Tompkins Financial Company Profile
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.
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