Tompkins Financial (NYSEAMERICAN:TMP) Lifted to “Hold” at StockNews.com

Tompkins Financial (NYSEAMERICAN:TMP) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $50.00 target price (down previously from $55.00) on shares of Tompkins Financial in a report on Friday, May 3rd.

Tompkins Financial Stock Up 2.0 %

Shares of NYSEAMERICAN:TMP opened at $44.92 on Tuesday. The company has a market capitalization of $646.85 million, a P/E ratio of 95.57 and a beta of 0.70. Tompkins Financial has a fifty-two week low of $43.09 and a fifty-two week high of $65.54. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.90 and a current ratio of 0.90.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its earnings results on Friday, April 26th. The financial services provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.04). The firm had revenue of $72.81 million during the quarter, compared to analyst estimates of $74.91 million. Tompkins Financial had a net margin of 2.16% and a return on equity of 1.08%. Analysts expect that Tompkins Financial will post 4.21 EPS for the current fiscal year.

Insider Activity at Tompkins Financial

In other news, Director Janet M. Coletti acquired 1,000 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were purchased at an average cost of $47.91 per share, for a total transaction of $47,910.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $95,820. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tompkins Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV acquired a new position in shares of Tompkins Financial during the 4th quarter worth $27,000. Signaturefd LLC raised its stake in shares of Tompkins Financial by 366.7% during the 4th quarter. Signaturefd LLC now owns 490 shares of the financial services provider’s stock worth $30,000 after buying an additional 385 shares during the last quarter. EntryPoint Capital LLC raised its stake in shares of Tompkins Financial by 88.3% during the 1st quarter. EntryPoint Capital LLC now owns 1,474 shares of the financial services provider’s stock worth $74,000 after buying an additional 691 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Tompkins Financial by 107.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,801 shares of the financial services provider’s stock worth $108,000 after buying an additional 932 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Tompkins Financial by 736.8% during the 4th quarter. Quadrant Capital Group LLC now owns 2,686 shares of the financial services provider’s stock worth $162,000 after buying an additional 2,365 shares during the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

About Tompkins Financial

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.