Tompkins Financial (NYSEAMERICAN:TMP) Stock Rating Upgraded by StockNews.com

Tompkins Financial (NYSEAMERICAN:TMP) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $50.00 price objective (down previously from $55.00) on shares of Tompkins Financial in a research report on Friday, May 3rd.

Tompkins Financial Price Performance

Shares of TMP opened at $45.11 on Tuesday. The company has a market capitalization of $649.58 million, a price-to-earnings ratio of 95.98 and a beta of 0.70. Tompkins Financial has a 52-week low of $43.09 and a 52-week high of $65.54. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.78.

Tompkins Financial (NYSEAMERICAN:TMP) last released its earnings results on Friday, April 26th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.04). The company had revenue of $72.81 million for the quarter, compared to analyst estimates of $74.91 million. Tompkins Financial had a net margin of 2.16% and a return on equity of 1.08%. As a group, research analysts forecast that Tompkins Financial will post 4.21 earnings per share for the current fiscal year.

Insider Activity at Tompkins Financial

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 bought at an average cost of $47.91 per share, with a total value of $47,910.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $95,820. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TMP. Massmutual Trust Co. FSB ADV purchased a new stake in Tompkins Financial in the 4th quarter valued at $27,000. Signaturefd LLC grew its stake in shares of Tompkins Financial by 366.7% in the 4th quarter. Signaturefd LLC now owns 490 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 385 shares in the last quarter. EntryPoint Capital LLC raised its holdings in shares of Tompkins Financial by 88.3% in the first quarter. EntryPoint Capital LLC now owns 1,474 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 691 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Tompkins Financial by 107.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,801 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 932 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in Tompkins Financial by 736.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,686 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 2,365 shares during the last quarter. 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.