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

Tompkins Financial (NYSEAMERICAN:TMP)‘s stock had its “market perform” rating reiterated by stock analysts at Keefe, Bruyette & Woods in a research note issued on Monday, Benzinga reports. They currently have a $59.00 price target on the financial services provider’s stock, up from their previous price target of $50.00. Keefe, Bruyette & Woods’ price objective suggests a potential downside of 7.35% from the stock’s previous close.

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

Tompkins Financial Stock Performance

Shares of NYSEAMERICAN:TMP traded down $0.12 during mid-day trading on Monday, reaching $63.68. The stock had a trading volume of 9,758 shares, compared to its average volume of 63,757. Tompkins Financial has a twelve month low of $43.09 and a twelve month high of $65.54. The company has a market capitalization of $916.99 million, a price-to-earnings 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 (NYSEAMERICAN:TMP) last announced its quarterly earnings results 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. The company had revenue of $107.02 million during the quarter. Tompkins Financial had a net margin of 4.11% and a return on equity of 2.18%.

Insider Activity

In related news, Director Janet M. Coletti purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were acquired at an average price of $47.91 per share, for a total transaction of $47,910.00. Following the purchase, the director now owns 2,000 shares in the company, valued at $95,820. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC grew its position in shares of Tompkins Financial by 366.7% during the 4th quarter. Signaturefd LLC now owns 490 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 385 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Tompkins Financial by 1.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 35,803 shares of the financial services provider’s stock worth $1,801,000 after purchasing an additional 575 shares in the last quarter. CWM LLC grew its position in shares of Tompkins Financial by 253.2% during the 2nd 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. EntryPoint Capital LLC grew its position in shares of Tompkins Financial by 88.3% during the 1st quarter. EntryPoint Capital LLC now owns 1,474 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 691 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Tompkins Financial by 31.3% during the 4th quarter. SG Americas Securities LLC now owns 3,718 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 887 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

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.