Keefe, Bruyette & Woods Reaffirms Market Perform Rating for Tompkins Financial (NYSEAMERICAN:TMP)

Tompkins Financial (NYSEAMERICAN:TMP)‘s stock had its “market perform” rating reaffirmed by equities researchers at Keefe, Bruyette & Woods in a research report issued on Monday, Benzinga reports. They presently have a $59.00 price objective on the financial services provider’s stock, up from their prior price objective of $50.00. Keefe, Bruyette & Woods’ price target would indicate a potential downside of 7.35% from the stock’s current price.

Separately, StockNews.com lowered shares of Tompkins Financial from a “hold” rating to a “sell” rating in a report on Sunday.

Tompkins Financial Trading Down 0.2 %

Shares of Tompkins Financial stock traded down $0.12 on Monday, hitting $63.68. 9,758 shares of the company traded hands, compared to its average volume of 63,757. The stock has a market cap of $916.99 million, a P/E ratio of 134.98 and a beta of 0.70. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.90 and a quick ratio of 0.90. 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 data on Friday, July 26th. The financial services provider reported $1.10 earnings per share (EPS) 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 2.18%. The firm had revenue of $107.02 million for the quarter.

Insiders Place Their Bets

In other Tompkins Financial news, Director Janet M. Coletti bought 1,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was acquired at an average cost of $47.91 per share, for a total transaction of $47,910.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $95,820. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 4.50% of the stock is owned by insiders.

Institutional Trading of Tompkins Financial

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in Tompkins Financial by 9.7% in 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 purchasing an additional 11,140 shares in the last quarter. SG Americas Securities LLC bought a new position in Tompkins Financial in the second quarter worth about $282,000. Cardinal Capital Management raised its holdings in Tompkins Financial by 11.3% in the second quarter. Cardinal Capital Management now owns 12,863 shares of the financial services provider’s stock worth $629,000 after purchasing an additional 1,304 shares in the last quarter. CWM LLC raised its holdings in Tompkins Financial by 253.2% in the second quarter. CWM LLC now owns 890 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 638 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Tompkins Financial by 15.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,579 shares of the financial services provider’s stock worth $834,000 after purchasing an additional 2,214 shares in the last quarter. 69.11% of the stock is currently 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.