Sterling Investment Counsel LLC Sells 1,139 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP)

Sterling Investment Counsel LLC lessened its stake in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 10.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,255 shares of the financial services provider’s stock after selling 1,139 shares during the period. Sterling Investment Counsel LLC owned 0.07% of Tompkins Financial worth $696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. nVerses Capital LLC increased its holdings in Tompkins Financial by 100.0% in the 3rd quarter. nVerses Capital LLC now owns 600 shares of the financial services provider’s stock worth $35,000 after buying an additional 300 shares during the period. Versant Capital Management Inc raised its holdings in shares of Tompkins Financial by 238.8% during the fourth quarter. Versant Capital Management Inc now owns 603 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 425 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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 acquired a new stake in Tompkins Financial during the 3rd 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 valued at $100,000 after buying an additional 216 shares during the last quarter. Institutional investors own 69.11% of the company’s stock.

Analyst Upgrades and Downgrades

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

Tompkins Financial Price Performance

Tompkins Financial stock opened at $67.98 on Tuesday. The company has a market capitalization of $978.23 million, a PE ratio of 14.22 and a beta of 0.74. Tompkins Financial Co. has a 1 year low of $43.09 and a 1 year high of $79.01. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.75.

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

Tompkins Financial Company 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.