Tompkins Financial (NYSEAMERICAN:TMP) Earns Neutral Rating from Analysts at Piper Sandler

Research analysts at Piper Sandler started coverage on shares of Tompkins Financial (NYSEAMERICAN:TMP) in a research note issued to investors on Friday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $70.00 price target on the financial services provider’s stock. Piper Sandler’s price objective suggests a potential upside of 0.89% from the stock’s previous close.

Separately, Keefe, Bruyette & Woods raised shares of Tompkins Financial from a “market perform” rating to an “outperform” rating and increased their price target for the company from $59.00 to $68.00 in a report on Wednesday, October 2nd.

Tompkins Financial Stock Up 2.2 %

NYSEAMERICAN TMP opened at $69.38 on Friday. The firm has a market cap of $998.38 million, a P/E ratio of 14.98 and a beta of 0.72. Tompkins Financial has a 1 year low of $43.09 and a 1 year high of $79.01. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.75.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its quarterly earnings data on Friday, October 25th. The financial services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.09. The business had revenue of $112.51 million during the quarter. Tompkins Financial had a return on equity of 9.68% and a net margin of 15.59%. During the same period in the prior year, the firm posted ($2.35) EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. nVerses Capital LLC lifted its holdings in Tompkins Financial by 100.0% during the 3rd quarter. nVerses Capital LLC now owns 600 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 300 shares during the last quarter. GAMMA Investing LLC increased its holdings in Tompkins Financial by 89.0% during the 3rd quarter. GAMMA Investing LLC now owns 877 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 413 shares in the last quarter. Eastern Bank bought a new position in Tompkins Financial in the 3rd quarter valued at $67,000. FMR LLC boosted its stake in Tompkins Financial by 14.3% in the third quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 216 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Tompkins Financial during the third quarter worth $215,000. 69.11% of the stock is owned by institutional investors.

Tompkins Financial Company Profile

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.