Tompkins Financial (NYSEAMERICAN:TMP) Raised to “Outperform” at Keefe, Bruyette & Woods

Tompkins Financial (NYSEAMERICAN:TMP) was upgraded by equities research analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm presently has a $68.00 target price on the financial services provider’s stock, up from their previous target price of $59.00. Keefe, Bruyette & Woods’ target price indicates a potential upside of 20.78% from the stock’s previous close.

Separately, StockNews.com upgraded shares of Tompkins Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd.

Tompkins Financial Stock Performance

TMP opened at $56.30 on Wednesday. The firm has a market cap of $810.72 million, a price-to-earnings ratio of 119.79 and a beta of 0.70. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.94 and a current ratio of 0.94. Tompkins Financial has a 1-year low of $43.09 and a 1-year high of $65.54.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its earnings results on Friday, July 26th. The financial services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.90 by $0.20. The company had revenue of $107.02 million during the quarter. Tompkins Financial had a net margin of 4.11% and a return on equity of 2.16%.

Institutional Investors Weigh In On Tompkins Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC raised its stake in Tompkins Financial by 253.2% in the second quarter. CWM LLC now owns 890 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 638 shares in the last quarter. EntryPoint Capital LLC raised its stake in shares of Tompkins Financial by 88.3% during the first quarter. EntryPoint Capital LLC now owns 1,474 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 691 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Tompkins Financial by 107.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,801 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 932 shares in the last quarter. Sei Investments Co. raised its stake in shares of Tompkins Financial by 23.8% during the second quarter. Sei Investments Co. now owns 5,194 shares of the financial services provider’s stock worth $254,000 after acquiring an additional 1,000 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Tompkins Financial during the second quarter worth approximately $282,000. 69.11% of the stock is owned by hedge funds and other institutional investors.

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.