Tompkins Financial Corporation (TMP) to Issue Quarterly Dividend of $0.70 on August 14th

Tompkins Financial Corporation (NYSEAMERICAN:TMP) declared a quarterly dividend on Friday, July 24th. Investors of record on Friday, August 7th will be paid a dividend of 0.70 per share by the financial services provider on Friday, August 14th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, August 7th. This is a 4.5% increase from Tompkins Financial’s previous quarterly dividend of $0.67.

Tompkins Financial has a payout ratio of 38.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Tompkins Financial to earn $8.10 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 30.6%.

Tompkins Financial Trading Up 9.1%

TMP opened at $101.12 on Friday. The stock’s fifty day moving average is $90.45 and its two-hundred day moving average is $83.53. The company has a market capitalization of $1.45 billion, a P/E ratio of 8.28 and a beta of 0.74. Tompkins Financial has a 52 week low of $61.21 and a 52 week high of $101.49. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its earnings results on Friday, July 24th. The financial services provider reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.22. Tompkins Financial had a return on equity of 11.27% and a net margin of 28.93%.The business had revenue of $87.12 million during the quarter, compared to analysts’ expectations of $86.93 million. Analysts forecast that Tompkins Financial will post 7.55 earnings per share for the current year.

Insider Activity

In other Tompkins Financial news, Director Ita M. Rahilly acquired 1,164 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average cost of $85.90 per share, with a total value of $99,987.60. Following the completion of the acquisition, the director directly owned 11,849 shares in the company, valued at $1,017,829.10. This represents a 10.89% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.52% of the company’s stock.

Institutional Trading of Tompkins Financial

A number of hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC raised its stake in shares of Tompkins Financial by 104.5% during the 4th quarter. SG Americas Securities LLC now owns 27,168 shares of the financial services provider’s stock worth $1,970,000 after acquiring an additional 13,884 shares in the last quarter. Vanguard Group Inc. boosted its stake in Tompkins Financial by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 1,385,961 shares of the financial services provider’s stock valued at $100,510,000 after acquiring an additional 15,227 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Tompkins Financial in the first quarter valued at approximately $7,340,000. Intech Investment Management LLC grew its holdings in Tompkins Financial by 270.0% in the fourth quarter. Intech Investment Management LLC now owns 24,656 shares of the financial services provider’s stock worth $1,788,000 after purchasing an additional 17,992 shares during the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in Tompkins Financial in the first quarter worth $442,000. Hedge funds and other 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.