Tompkins Financial Co. (NYSEAMERICAN:TMP) is Cornell Pochily Investment Advisors Inc.’s 6th Largest Position

Cornell Pochily Investment Advisors Inc. increased its position in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 14.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,701 shares of the financial services provider’s stock after buying an additional 15,500 shares during the period. Tompkins Financial comprises approximately 2.9% of Cornell Pochily Investment Advisors Inc.’s holdings, making the stock its 6th largest holding. Cornell Pochily Investment Advisors Inc. owned about 0.85% of Tompkins Financial worth $8,323,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. nVerses Capital LLC boosted its position in Tompkins Financial by 100.0% during the 3rd quarter. nVerses Capital LLC now owns 600 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 300 shares in the last quarter. Versant Capital Management Inc boosted its position in Tompkins Financial by 238.8% during the fourth quarter. Versant Capital Management Inc now owns 603 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 425 shares in the last quarter. GAMMA Investing LLC grew its stake in Tompkins Financial by 89.0% in the third quarter. GAMMA Investing LLC now owns 877 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 413 shares during the last quarter. Eastern Bank bought a new position in Tompkins Financial in the third quarter worth about $67,000. Finally, FMR LLC raised its stake in shares of Tompkins Financial by 14.3% during the 3rd quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 216 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TMP shares. Keefe, Bruyette & Woods raised shares of Tompkins Financial from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $59.00 to $68.00 in a report on Wednesday, October 2nd. Piper Sandler initiated coverage on Tompkins Financial in a research report on Friday, December 20th. They issued a “neutral” rating and a $70.00 price objective on the stock.

Tompkins Financial Stock Up 0.8 %

Shares of TMP opened at $67.06 on Monday. Tompkins Financial Co. has a 52-week low of $43.09 and a 52-week high of $79.01. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $964.99 million, a price-to-earnings ratio of 14.22 and a beta of 0.74.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its quarterly earnings results on Friday, October 25th. The financial services provider reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.09. The business had revenue of $112.51 million during the quarter. Tompkins Financial had a net margin of 15.59% and a return on equity of 9.68%. During the same period last year, the company earned ($2.35) EPS. As a group, research analysts predict that Tompkins Financial Co. will post 4.81 EPS for the current fiscal year.

Tompkins Financial 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.