Sandler O’Neill Reiterates “$87.00” Price Target for Tompkins Financial (TMP)

Tompkins Financial (NYSEAMERICAN:TMP) has been assigned a $87.00 price objective by stock analysts at Sandler O’Neill in a research note issued on Wednesday. The brokerage presently has a “hold” rating on the financial services provider’s stock. Sandler O’Neill’s price objective points to a potential upside of 8.61% from the company’s current price.

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

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

Several large investors have recently added to or reduced their stakes in TMP. Schwab Charles Investment Management Inc. grew its holdings in Tompkins Financial by 1.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 59,551 shares of the financial services provider’s stock worth $4,688,000 after acquiring an additional 579 shares during the period. SG Americas Securities LLC acquired a new position in Tompkins Financial during the second quarter worth $278,000. Legal & General Group Plc grew its holdings in Tompkins Financial by 9.5% during the second quarter. Legal & General Group Plc now owns 24,897 shares of the financial services provider’s stock worth $1,961,000 after acquiring an additional 2,168 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Tompkins Financial by 68.1% during the second quarter. BNP Paribas Arbitrage SA now owns 4,666 shares of the financial services provider’s stock worth $367,000 after acquiring an additional 1,891 shares during the period. Finally, KBC Group NV grew its holdings in Tompkins Financial by 689.5% during the second quarter. KBC Group NV now owns 2,021 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 1,765 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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