Tompkins Financial (NYSEAMERICAN:TMP) Price Target Raised to $105.00 at Keefe, Bruyette & Woods

Tompkins Financial (NYSEAMERICAN:TMP) had its price objective lifted by equities researchers at Keefe, Bruyette & Woods from $98.00 to $105.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 6.51% from the stock’s previous close.

Separately, Piper Sandler reiterated a “neutral” rating and issued a $87.00 target price (up from $82.00) on shares of Tompkins Financial in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $96.00.

Tompkins Financial Stock Performance

Shares of Tompkins Financial stock traded down $2.54 during trading hours on Monday, hitting $98.58. 67,603 shares of the company were exchanged, compared to its average volume of 72,435. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average of $90.45 and a 200-day moving average of $83.60. Tompkins Financial has a 1 year low of $61.21 and a 1 year high of $102.02. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 8.07 and a beta of 0.74.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its quarterly earnings results on Friday, July 24th. The financial services provider reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.22. Tompkins Financial had a return on equity of 11.74% and a net margin of 30.13%.The business had revenue of $87.12 million during the quarter, compared to analysts’ expectations of $86.93 million. As a group, analysts expect that Tompkins Financial will post 7.55 EPS for the current fiscal year.

Insider Activity at Tompkins Financial

In other Tompkins Financial news, Director Ita M. Rahilly purchased 1,164 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were bought at an average price of $85.90 per share, with a total value of $99,987.60. Following the completion of the acquisition, the director owned 11,849 shares in the company, valued at approximately $1,017,829.10. This represents a 10.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.52% of the company’s stock.

Hedge Funds Weigh In On Tompkins Financial

Several large investors have recently bought and sold shares of TMP. SG Americas Securities LLC boosted its stake in Tompkins Financial by 104.5% during the 4th quarter. SG Americas Securities LLC now owns 27,168 shares of the financial services provider’s stock valued at $1,970,000 after purchasing an additional 13,884 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Tompkins Financial during the first quarter valued at $7,340,000. Vanguard Group Inc. boosted its position in shares of Tompkins Financial by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 1,385,961 shares of the financial services provider’s stock valued at $100,510,000 after purchasing an additional 15,227 shares during the period. Intech Investment Management LLC increased its stake in Tompkins Financial by 270.0% in the 4th quarter. Intech Investment Management LLC now owns 24,656 shares of the financial services provider’s stock worth $1,788,000 after purchasing an additional 17,992 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in Tompkins Financial during the 1st quarter worth about $442,000. Institutional investors and hedge funds own 69.11% of the company’s stock.

Tompkins Financial Company Profile

Tompkins Financial (NYSEAMERICAN:TMP) is a bank holding company headquartered in Ithaca, New York, that provides a diversified range of financial services. Through its principal banking subsidiary, Tompkins Trust Company, the firm offers commercial and consumer banking products including checking and savings accounts, mortgage loans, and credit facilities. Beyond traditional banking, Tompkins Financial delivers asset management, trust and estate planning, retirement services and investment advisory solutions.

In addition to its core banking operations, Tompkins Financial operates Tompkins Insurance Agencies, which offers property and casualty, life and health insurance coverages to individuals and businesses.