StockNews.com Downgrades Tompkins Financial (NYSEAMERICAN:TMP) to Sell

Tompkins Financial (NYSEAMERICAN:TMP) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

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

Tompkins Financial Trading Down 0.3 %

Shares of TMP opened at $63.58 on Friday. The firm has a market cap of $915.55 million, a price-to-earnings ratio of 135.28 and a beta of 0.70. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.78. Tompkins Financial has a 1-year low of $43.09 and a 1-year high of $65.54.

Tompkins Financial (NYSEAMERICAN:TMP) last announced its earnings results on Friday, July 26th. The financial services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.20. The business 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 Buying and Selling

In other news, Director Janet M. Coletti bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was bought at an average price of $47.91 per share, with a total value of $47,910.00. Following the acquisition, the director now owns 2,000 shares of the company’s stock, valued at approximately $95,820. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its holdings in shares of Tompkins Financial by 9.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 126,288 shares of the financial services provider’s stock valued at $6,175,000 after purchasing an additional 11,140 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Tompkins Financial in the 2nd quarter valued at about $282,000. Cardinal Capital Management lifted its holdings in shares of Tompkins Financial by 11.3% in the 2nd quarter. Cardinal Capital Management now owns 12,863 shares of the financial services provider’s stock valued at $629,000 after acquiring an additional 1,304 shares during the last quarter. CWM LLC lifted its holdings in shares of Tompkins Financial by 253.2% in the 2nd quarter. CWM LLC now owns 890 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 638 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Tompkins Financial by 15.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,579 shares of the financial services provider’s stock valued at $834,000 after acquiring an additional 2,214 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.