Tompkins Financial (NYSEAMERICAN:TMP) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Tompkins Financial (NYSEAMERICAN:TMP)‘s stock had its “market perform” rating reaffirmed by analysts at Keefe, Bruyette & Woods in a report released on Friday, Benzinga reports. They currently have a $50.00 price target on the financial services provider’s stock, down from their prior price target of $55.00. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 5.66% from the company’s previous close.

Separately, StockNews.com upgraded Tompkins Financial to a “sell” rating in a report on Friday, January 12th.

Tompkins Financial Trading Up 1.0 %

Shares of NYSEAMERICAN:TMP opened at $47.32 on Friday. The firm has a market cap of $681.88 million, a P/E ratio of 100.68 and a beta of 0.67. Tompkins Financial has a 1 year low of $43.09 and a 1 year high of $65.54. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.90.

Insider Transactions at Tompkins Financial

In related news, Director Ita M. Rahilly bought 1,982 shares of Tompkins Financial stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average price of $50.46 per share, for a total transaction of $100,011.72. Following the completion of the purchase, the director now owns 8,454 shares in the company, valued at $426,588.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Tompkins Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its holdings in shares of Tompkins Financial by 76.5% in the 1st quarter. BNP Paribas Financial Markets now owns 6,886 shares of the financial services provider’s stock worth $346,000 after buying an additional 2,985 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Tompkins Financial by 1.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 35,803 shares of the financial services provider’s stock valued at $1,801,000 after acquiring an additional 575 shares during the period. Cardinal Capital Management boosted its stake in shares of Tompkins Financial by 62.2% in the 1st quarter. Cardinal Capital Management now owns 11,559 shares of the financial services provider’s stock valued at $581,000 after purchasing an additional 4,433 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Tompkins Financial by 107.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,801 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 932 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Tompkins Financial during the 4th quarter worth about $318,000. 69.11% of the stock is 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.