Tompkins Financial Corporation (TMP) To Go Ex-Dividend on November 6th

Tompkins Financial Corporation (NYSEAMERICAN:TMP) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 6th will be paid a dividend of $0.74 per share by the financial services provider on Friday, November 13th. This represents a $2.96 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, November 6th. This is a 5.7% increase from Tompkins Financial’s previous quarterly dividend of $0.70.

Tompkins Financial has a payout ratio of 38.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tompkins Financial to earn $8.20 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 30.2%.

Tompkins Financial Stock Performance

Shares of Tompkins Financial stock opened at $99.73 on Wednesday. The stock’s fifty day moving average is $98.31 and its two-hundred day moving average is $89.26. The company has a market capitalization of $1.43 billion, a PE ratio of 7.94 and a beta of 0.77. The company has a quick ratio of 0.95, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. Tompkins Financial has a 52 week low of $64.16 and a 52 week high of $104.18.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its quarterly earnings results on Friday, October 23rd. The financial services provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.95 by $0.05. The company had revenue of $89.85 million for the quarter, compared to the consensus estimate of $89.65 million. Tompkins Financial had a net margin of 30.94% and a return on equity of 11.59%. As a group, analysts expect that Tompkins Financial will post 7.75 earnings per share for the current year.

Tompkins Financial Company Profile

Tompkins Financial Corporation is a financial services holding company headquartered in Ithaca, New York. Through its subsidiaries, the company provides banking, insurance and wealth-management services to individuals, families, businesses and municipal organizations.

Its banking operations are conducted primarily through Tompkins Community Bank, which offers deposit accounts, residential and commercial lending, mortgages, cash-management services, online banking and other financial products.