Tompkins Financial Co. (NYSEAMERICAN:TMP – Get Free Report) declared a dividend on Friday, April 26th, NASDAQ reports. Stockholders of record on Friday, May 10th will be given 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 a positive change from Tompkins Financial’s previous dividend of $0.52.
Tompkins Financial has increased its dividend payment by an average of 4.6% annually over the last three years. Tompkins Financial has a payout ratio of 49.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.0 %
Shares of Tompkins Financial stock traded up $0.48 during trading hours on Friday, reaching $46.33. 38,389 shares of the company’s stock were exchanged, compared to its average volume of 66,868. Tompkins Financial has a fifty-two week low of $43.09 and a fifty-two week 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 company has a market cap of $667.62 million, a price-to-earnings ratio of 72.13 and a beta of 0.65.
Insider Buying and Selling at Tompkins Financial
In related news, Director Ita M. Rahilly bought 1,982 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were purchased at an average price of $50.46 per share, for a total transaction of $100,011.72. Following the completion of the transaction, the director now directly owns 8,454 shares of the company’s stock, valued at approximately $426,588.84. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 4.50% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of Tompkins Financial to a “sell” rating in a report on Friday, January 12th.
Read Our Latest Stock Analysis on Tompkins Financial
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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