Dividend Investing: Tompkins Financial Nearing Low P/B

Tompkins Financial (TMP) is one of those rare financial stocks that has maintained and increased its dividend through the financial crisis. Not only that, but it's also grown earnings for 36 straight years. Let that sink in for a minute before we go on. Only one company has done it longer, Wal-Mart (WMT). Tompkins Financial is now trading near its price to book lows going back at least ten years. Its book value has grown each one of those years as well, with last year jumping 10% YoY. Throw in a 3.4% dividend yield and there’s a lot to like here. Tompkins Financial is a $452 million bank and trust company founded in 1836. It has 15 branches in New York. As you can imagine from its results, it stays away from sub-prime loans. It operates with five subsidiaries with three community banks: Tompkins Trust, The Bank of Castile, and... Read more

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