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

Tompkins Financial Corporation (NYSEAMERICAN:TMP) announced a quarterly dividend on Friday, April 24th. Shareholders of record on Friday, May 8th will be paid a dividend of 0.67 per share by the financial services provider on Friday, May 15th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, May 8th.

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 $7.95 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 31.2%.

Tompkins Financial Trading Down 2.8%

TMP traded down $2.39 during mid-day trading on Friday, hitting $82.33. The stock had a trading volume of 77,767 shares, compared to its average volume of 66,453. The stock’s fifty day simple moving average is $79.54 and its 200-day simple moving average is $74.48. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 7.34 and a beta of 0.73. Tompkins Financial has a 1-year low of $57.60 and a 1-year high of $86.95. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.95 and a quick ratio of 0.95.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its quarterly earnings results on Friday, April 24th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.11. Tompkins Financial had a net margin of 27.82% and a return on equity of 11.19%. The company had revenue of $71.86 million during the quarter, compared to analyst estimates of $83.64 million. As a group, research analysts forecast that Tompkins Financial will post 7.25 EPS for the current fiscal year.

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.