Tompkins Financial (TMP) PT Set at $87.00 by Sandler O’Neill

Tompkins Financial (NYSEAMERICAN:TMP) has been given a $87.00 price target by stock analysts at Sandler O’Neill in a report released on Wednesday. The firm presently has a “hold” rating on the financial services provider’s stock. Sandler O’Neill’s target price suggests a potential upside of 8.61% from the stock’s current price.

Tompkins Financial (NYSEAMERICAN:TMP) traded down $1.04 during mid-day trading on Wednesday, reaching $80.10. The company had a trading volume of 44,447 shares, compared to its average volume of 36,750. The stock has a market capitalization of $1,240.00, a PE ratio of 18.58 and a beta of 0.75. Tompkins Financial has a 12-month low of $71.27 and a 12-month high of $96.00.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its earnings results on Friday, October 27th. The financial services provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.01. The firm had revenue of $68.20 million during the quarter. Tompkins Financial had a return on equity of 11.81% and a net margin of 25.55%.

Hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its holdings in shares of Tompkins Financial by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 10,861 shares of the financial services provider’s stock valued at $855,000 after purchasing an additional 75 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Tompkins Financial by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,209 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 331 shares during the period. Pinebridge Investments L.P. increased its holdings in shares of Tompkins Financial by 5.5% in the second quarter. Pinebridge Investments L.P. now owns 8,178 shares of the financial services provider’s stock valued at $644,000 after purchasing an additional 429 shares during the period. Voya Investment Management LLC increased its holdings in shares of Tompkins Financial by 6.1% in the second quarter. Voya Investment Management LLC now owns 8,218 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 476 shares during the period. Finally, Thrivent Financial For Lutherans increased its holdings in shares of Tompkins Financial by 7.0% in the second quarter. Thrivent Financial For Lutherans now owns 7,500 shares of the financial services provider’s stock valued at $590,000 after purchasing an additional 490 shares during the period.

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About Tompkins Financial

Tompkins Financial Corporation (Tompkins) is a financial holding company. The Company is a community-based financial services company that offers an array of products and services, including commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, insurance, and brokerage services.

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