Piper Sandler Begins Coverage on Tompkins Financial (NYSEAMERICAN:TMP)

Stock analysts at Piper Sandler started coverage on shares of Tompkins Financial (NYSEAMERICAN:TMP) in a note issued to investors on Friday. The brokerage set a “neutral” rating and a $70.00 price target on the financial services provider’s stock. Piper Sandler’s price objective indicates a potential upside of 3.15% from the stock’s previous close.

Separately, Keefe, Bruyette & Woods raised shares of Tompkins Financial from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $59.00 to $68.00 in a research note on Wednesday, October 2nd.

Tompkins Financial Trading Down 1.3 %

Tompkins Financial stock opened at $67.86 on Friday. The stock has a market cap of $976.51 million, a PE ratio of 14.66 and a beta of 0.72. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.75. Tompkins Financial has a 1-year low of $43.09 and a 1-year high of $79.01.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its earnings results on Friday, October 25th. The financial services provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the company earned ($2.35) EPS.

Institutional Investors Weigh In On Tompkins Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of TMP. Barclays PLC increased its holdings in shares of Tompkins Financial by 115.7% during the third quarter. Barclays PLC now owns 25,878 shares of the financial services provider’s stock valued at $1,496,000 after acquiring an additional 13,878 shares in the last quarter. Geode Capital Management LLC grew its position in Tompkins Financial by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 291,312 shares of the financial services provider’s stock valued at $16,839,000 after purchasing an additional 1,766 shares during the last quarter. Jane Street Group LLC increased its stake in Tompkins Financial by 130.5% during the 3rd quarter. Jane Street Group LLC now owns 25,100 shares of the financial services provider’s stock valued at $1,451,000 after purchasing an additional 14,210 shares in the last quarter. Centiva Capital LP bought a new position in shares of Tompkins Financial in the third quarter worth approximately $299,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Tompkins Financial by 39.9% during the third quarter. BNP Paribas Financial Markets now owns 7,263 shares of the financial services provider’s stock valued at $420,000 after buying an additional 2,073 shares during the last quarter. Hedge funds and other 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.