Tompkins Financial (NYSEAMERICAN:TMP) Coverage Initiated at Piper Sandler

Analysts at Piper Sandler assumed coverage on shares of Tompkins Financial (NYSEAMERICAN:TMP) in a research report issued to clients and investors on Friday. The firm set a “neutral” rating and a $70.00 price target on the financial services provider’s stock. Piper Sandler’s price target points to a potential upside of 3.15% from the company’s previous close.

Separately, Keefe, Bruyette & Woods upgraded Tompkins Financial from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $59.00 to $68.00 in a research note on Wednesday, October 2nd.

Tompkins Financial Trading Down 1.3 %

NYSEAMERICAN:TMP opened at $67.86 on Friday. The firm has a market capitalization of $976.51 million, a PE ratio of 14.66 and a beta of 0.72. Tompkins Financial has a twelve month low of $43.09 and a twelve month high of $79.01. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.92 and a quick ratio of 0.92.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its earnings results on Friday, October 25th. The financial services provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates 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 previous year, the firm earned ($2.35) earnings per share.

Institutional Trading of Tompkins Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can purchased a new position in shares of Tompkins Financial during the second quarter worth approximately $1,112,000. AQR Capital Management LLC purchased a new stake in Tompkins Financial during the second quarter valued at about $468,000. Intech Investment Management LLC bought a new position in shares of Tompkins Financial during the third quarter valued at about $215,000. Atria Investments Inc boosted its holdings in Tompkins Financial by 32.8% during the 3rd quarter. Atria Investments Inc now owns 6,943 shares of the financial services provider’s stock valued at $401,000 after acquiring an additional 1,713 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in 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. Hedge funds and other institutional investors 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.