Cornell Pochily Investment Advisors Inc. Purchases 15,500 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP)

Cornell Pochily Investment Advisors Inc. raised its position in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 14.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 122,701 shares of the financial services provider’s stock after acquiring an additional 15,500 shares during the period. Tompkins Financial makes up 2.9% of Cornell Pochily Investment Advisors Inc.’s investment portfolio, making the stock its 6th largest holding. Cornell Pochily Investment Advisors Inc.’s holdings in Tompkins Financial were worth $8,323,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Montreal Can purchased a new position in Tompkins Financial in the second quarter worth $1,112,000. Geode Capital Management LLC boosted its holdings in Tompkins Financial by 0.6% during the third quarter. Geode Capital Management LLC now owns 291,312 shares of the financial services provider’s stock worth $16,839,000 after buying an additional 1,766 shares in the last quarter. Barclays PLC grew its position in Tompkins Financial by 115.7% during the third quarter. Barclays PLC now owns 25,878 shares of the financial services provider’s stock worth $1,496,000 after buying an additional 13,878 shares during the period. Jane Street Group LLC grew its position in Tompkins Financial by 130.5% during the third quarter. Jane Street Group LLC now owns 25,100 shares of the financial services provider’s stock worth $1,451,000 after buying an additional 14,210 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Tompkins Financial by 17.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 40,324 shares of the financial services provider’s stock valued at $2,735,000 after acquiring an additional 5,956 shares during the period. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TMP. Keefe, Bruyette & Woods raised Tompkins Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $59.00 to $68.00 in a research note on Wednesday, October 2nd. Piper Sandler assumed coverage on Tompkins Financial in a report on Friday, December 20th. They issued a “neutral” rating and a $70.00 target price on the stock.

Tompkins Financial Price Performance

Shares of TMP opened at $67.06 on Monday. 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 Co. has a 1-year low of $43.09 and a 1-year high of $79.01. The company has a market cap of $964.99 million, a PE ratio of 14.22 and a beta of 0.74.

Tompkins Financial (NYSEAMERICAN:TMP) last released its quarterly earnings results 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. Tompkins Financial had a return on equity of 9.68% and a net margin of 15.59%. The company had revenue of $112.51 million during the quarter. During the same period in the previous year, the business posted ($2.35) EPS. Equities analysts forecast that Tompkins Financial Co. will post 4.81 EPS for the current year.

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.