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

Tompkins Financial Corporation (NYSEAMERICAN:TMP) announced a quarterly dividend on Friday, October 23rd. 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 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date 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% meaning its dividend is sufficiently covered by earnings. 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 TMP opened at $101.20 on Friday. Tompkins Financial has a 12 month low of $62.98 and a 12 month high of $102.80. The firm has a fifty day simple moving average of $97.95 and a 200 day simple moving average of $92.82. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 8.06 and a beta of 0.76. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.57.

Tompkins Financial (NYSEAMERICAN:TMP) last released its earnings results on Friday, October 23rd. The financial services provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.05. Tompkins Financial had a net margin of 30.13% and a return on equity of 11.52%. The business had revenue of $89.85 million during the quarter, compared to the consensus estimate of $89.65 million. Research analysts forecast that Tompkins Financial will post 7.75 EPS for the current fiscal year.

Analyst Ratings Changes

TMP has been the topic of several analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of Tompkins Financial from $98.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Piper Sandler lifted their target price on Tompkins Financial from $87.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $104.50.

About Tompkins Financial

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.