Tompkins Financial Corp (AMEX:TMP)
CAPS Rating:
A holding company, which conducts its business through its subsidiaries.
Growing the love for investing
A holding company, which conducts its business through its subsidiaries.
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Recs
This pick tracks back to a Nov '08 blog entry on Tompkins when it said 'no' to TARP.
http://caps.fool.com/Blogs/a-bank-that-said-no/109986
As the banking sector was showing some signs of strength in fall '10, I decided to give Tompkins a green thumb.
The bank trades at a reasonable PE, is predicted to continue growing earnings and pays a nice dividend. Tompkins made it through the financial crises without cutting the dividend and its current 3.5% yield is covered with only a 44% payout ratio.
If the market maintains the bull run, TMP isn't likely to go green. But, if the bull turns in to a bear, or even if it takes a breather and slows down or goes sideways, TMP is likely to catch up.
Disclosure - no position in TMP at time of posting.