Tompkins Financial Co. (AMEX:TMP) Rating Increased to Market Perform at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Tompkins Financial Co. (AMEX:TMP) from an underperform rating to a market perform rating in a report issued on Monday, July 24th, MarketBeat reports. They currently have $81.00 price objective on the financial services provider’s stock, up from their prior price objective of $80.00.

Separately, BidaskClub upgraded shares of Tompkins Financial from a strong sell rating to a sell rating in a research note on Saturday, June 10th.

Shares of Tompkins Financial (AMEX TMP) opened at 74.18 on Monday. Tompkins Financial has a 1-year low of $70.84 and a 1-year high of $96.70. The company has a market capitalization of $1.13 billion, a P/E ratio of 18.00 and a beta of 0.77. The firm has a 50-day moving average of $78.36 and a 200 day moving average of $81.75.

Tompkins Financial (AMEX:TMP) last released its earnings results on Friday, July 21st. The financial services provider reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.06. Tompkins Financial had a net margin of 25.03% and a return on equity of 11.75%. The firm had revenue of $67.75 million for the quarter. On average, analysts anticipate that Tompkins Financial will post $4.42 EPS for the current year.

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The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were paid a $0.45 dividend. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Friday, July 28th. Tompkins Financial’s dividend payout ratio is currently 46.56%.

A number of institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. acquired a new position in shares of Tompkins Financial during the first quarter worth about $101,000. State of Alaska Department of Revenue raised its position in shares of Tompkins Financial by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 1,350 shares of the financial services provider’s stock worth $108,000 after buying an additional 30 shares during the period. Victory Capital Management Inc. raised its position in shares of Tompkins Financial by 16.8% in the first quarter. Victory Capital Management Inc. now owns 1,878 shares of the financial services provider’s stock worth $151,000 after buying an additional 270 shares during the period. KBC Group NV raised its position in shares of Tompkins Financial by 689.5% in the second quarter. KBC Group NV now owns 2,021 shares of the financial services provider’s stock worth $159,000 after buying an additional 1,765 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Tompkins Financial by 8.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,507 shares of the financial services provider’s stock worth $202,000 after buying an additional 204 shares during the period.

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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