Tompkins Financial (NYSEAMERICAN:TMP) Upgraded to Outperform by Keefe, Bruyette & Woods

Tompkins Financial (NYSEAMERICAN:TMP) was upgraded by investment analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report released on Wednesday, Marketbeat Ratings reports. The firm currently has a $68.00 price target on the financial services provider’s stock, up from their previous price target of $59.00. Keefe, Bruyette & Woods’ target price indicates a potential upside of 14.19% from the stock’s previous close.

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

Tompkins Financial Stock Performance

NYSEAMERICAN TMP opened at $59.55 on Wednesday. The stock has a market cap of $857.52 million, a PE ratio of 126.70 and a beta of 0.70. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.14. Tompkins Financial has a 52-week low of $43.09 and a 52-week high of $65.54.

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

Institutional Trading of Tompkins Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in shares of Tompkins Financial by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 571,421 shares of the financial services provider’s stock valued at $27,941,000 after acquiring an additional 34,752 shares during the period. ProShare Advisors LLC lifted its position in Tompkins Financial by 13.5% during the first quarter. ProShare Advisors LLC now owns 155,834 shares of the financial services provider’s stock worth $7,837,000 after purchasing an additional 18,579 shares during the period. Bank of New York Mellon Corp grew its stake in Tompkins Financial by 9.7% during the second quarter. Bank of New York Mellon Corp now owns 126,288 shares of the financial services provider’s stock worth $6,175,000 after buying an additional 11,140 shares in the last quarter. John G Ullman & Associates Inc. increased its holdings in Tompkins Financial by 224.0% in the 1st quarter. John G Ullman & Associates Inc. now owns 101,865 shares of the financial services provider’s stock valued at $5,123,000 after buying an additional 70,422 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Tompkins Financial by 1.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 35,803 shares of the financial services provider’s stock valued at $1,801,000 after buying an additional 575 shares during the period. Institutional investors and hedge funds own 69.11% of the company’s stock.

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.