Tompkins Financial (NYSEAMERICAN:TMP) Shares Gap Down – What’s Next?

Tompkins Financial Corporation (NYSEAMERICAN:TMP)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $79.07, but opened at $75.00. Tompkins Financial shares last traded at $75.7910, with a volume of 3,935 shares.

Analyst Ratings Changes

Several research analysts have recently issued reports on TMP shares. Zacks Research upgraded shares of Tompkins Financial to a “hold” rating in a report on Thursday, December 4th. Piper Sandler initiated coverage on Tompkins Financial in a research report on Wednesday, December 3rd. They issued a “neutral” rating and a $74.00 price target for the company. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $74.00.

Tompkins Financial Price Performance

The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $1.10 billion, a P/E ratio of 12.90 and a beta of 0.80. The stock’s 50-day simple moving average is $72.88 and its two-hundred day simple moving average is $68.80.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its quarterly earnings results on Friday, October 24th. The financial services provider reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.05). Tompkins Financial had a net margin of 18.24% and a return on equity of 11.24%. The company had revenue of $87.44 million for the quarter, compared to the consensus estimate of $87.00 million. Equities research analysts forecast that Tompkins Financial Corporation will post 5.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Tompkins Financial

In other Tompkins Financial news, Director Ita M. Rahilly acquired 1,463 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was acquired at an average cost of $68.36 per share, for a total transaction of $100,010.68. Following the purchase, the director owned 10,511 shares in the company, valued at approximately $718,531.96. The trade was a 16.17% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Tompkins Financial

Hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its stake in Tompkins Financial by 95.4% during the third quarter. EverSource Wealth Advisors LLC now owns 551 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 269 shares during the period. Quantbot Technologies LP acquired a new position in shares of Tompkins Financial in the 2nd quarter valued at $151,000. Allworth Financial LP increased its stake in Tompkins Financial by 3,207.7% in the second quarter. Allworth Financial LP now owns 2,580 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 2,502 shares during the period. CWM LLC raised its holdings in Tompkins Financial by 122.6% during the third quarter. CWM LLC now owns 2,812 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 1,549 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Tompkins Financial during the second quarter worth $202,000. 69.11% of the stock is currently owned by institutional investors and hedge funds.

About Tompkins Financial

Tompkins Financial (NYSEAMERICAN:TMP) is a bank holding company headquartered in Ithaca, New York, that provides a diversified range of financial services. Through its principal banking subsidiary, Tompkins Trust Company, the firm offers commercial and consumer banking products including checking and savings accounts, mortgage loans, and credit facilities. Beyond traditional banking, Tompkins Financial delivers asset management, trust and estate planning, retirement services and investment advisory solutions.

In addition to its core banking operations, Tompkins Financial operates Tompkins Insurance Agencies, which offers property and casualty, life and health insurance coverages to individuals and businesses.