Tompkins Financial Corporation (NYSEAMERICAN:TMP) Declares Quarterly Dividend of $0.62

Key Points

• Tompkins Financial Corporation has declared a quarterly dividend of $0.62 per share, with an annualized dividend total of $2.48 and a yield of 3.90%.
• The company has a dividend payout ratio of 38.6%, indicating solid earnings coverage, with expected earnings of $6.10 per share next year.
• Tompkins Financial's stock opened at $63.57, with a market cap of $917.32 million and a price-to-earnings ratio of 12.48.
• Institutional investors own 69.11% of the company's stock, with significant increases in holdings from firms like Royal Bank of Canada and Jane Street Group.

Tompkins Financial Corporation (NYSEAMERICAN:TMP - Get Free Report) announced a quarterly dividend on Friday, July 25th, RTT News reports. Investors of record on Friday, August 8th will be given a dividend of 0.62 per share by the financial services provider on Friday, August 15th. This represents a $2.48 dividend on an annualized basis and a yield of 3.90%.

Tompkins Financial has a dividend payout ratio of 38.6% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 0.4%

NYSEAMERICAN TMP opened at $63.57 on Friday. The stock has a market cap of $917.32 million, a price-to-earnings ratio of 12.48 and a beta of 0.90. The company has a fifty day moving average of $63.25. Tompkins Financial has a 12 month low of $53.41 and a 12 month high of $79.01. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.92 and a quick ratio of 0.92.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TMP. Royal Bank of Canada raised its holdings in shares of Tompkins Financial by 37.2% in the 1st quarter. Royal Bank of Canada now owns 14,025 shares of the financial services provider's stock valued at $883,000 after acquiring an additional 3,801 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Tompkins Financial by 207.4% during the 1st quarter. AQR Capital Management LLC now owns 35,941 shares of the financial services provider's stock valued at $2,264,000 after buying an additional 24,249 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Tompkins Financial by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,556 shares of the financial services provider's stock valued at $476,000 after buying an additional 311 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings 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 valued at $1,556,000 after buying an additional 18,385 shares in the last quarter. Institutional investors own 69.11% of the company's stock.

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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