Tompkins Financial Corporation (NYSEAMERICAN:TMP) Declares Dividend Increase – $0.67 Per Share

Tompkins Financial Corporation (NYSEAMERICAN:TMP) declared a quarterly dividend on Thursday, January 29th. Investors 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 yield of 3.2%. The ex-dividend date of this dividend 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 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 stock traded down $1.28 during mid-day trading on Wednesday, hitting $84.03. The stock had a trading volume of 27,253 shares, compared to its average volume of 63,686. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.60. Tompkins Financial has a 52 week low of $54.16 and a 52 week high of $86.95. The firm has a market capitalization of $1.21 billion, a P/E ratio of 7.49 and a beta of 0.79. The firm has a fifty day simple moving average of $75.98 and a 200 day simple moving average of $70.12.

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

Insider Transactions at Tompkins Financial

In other Tompkins Financial news, Director Ita M. Rahilly bought 1,463 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were purchased at an average cost of $68.36 per share, for a total transaction of $100,010.68. Following the transaction, the director owned 10,511 shares of the company’s stock, valued at $718,531.96. This represents a 16.17% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tompkins Financial

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its holdings in Tompkins Financial by 37.2% during the 1st quarter. Royal Bank of Canada now owns 14,025 shares of the financial services provider’s stock worth $883,000 after purchasing an additional 3,801 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Tompkins Financial by 207.4% in the 1st quarter. AQR Capital Management LLC now owns 35,941 shares of the financial services provider’s stock worth $2,264,000 after buying an additional 24,249 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Tompkins Financial by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,556 shares of the financial services provider’s stock worth $476,000 after buying an additional 311 shares during the period. Jane Street Group LLC grew its position in shares of Tompkins Financial by 290.9% during the 1st quarter. Jane Street Group LLC now owns 24,706 shares of the financial services provider’s stock worth $1,556,000 after buying an additional 18,385 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Tompkins Financial by 8.0% during the second quarter. State of New Jersey Common Pension Fund D now owns 30,917 shares of the financial services provider’s stock valued at $1,939,000 after buying an additional 2,287 shares during the period. Institutional investors own 69.11% of the company’s stock.

About Tompkins Financial

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.