In a report released yesterday, Michael Perito from KBW maintained a Hold rating on Tompkins Financial Corporation (TMP – Research Report), with a price target of $55.00. The company’s shares closed yesterday at $53.70.
Perito covers the Financial sector, focusing on stocks such as Axos Financial, Newtek Business, and SoFi Technologies. According to TipRanks, Perito has an average return of 15.5% and a 65.44% success rate on recommended stocks.
Currently, the analyst consensus on Tompkins Financial Corporation is a Hold with an average price target of $55.00.
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Based on Tompkins Financial Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $9.39 million and a GAAP net loss of $33.35 million. In comparison, last year the company earned a revenue of $78.8 million and had a net profit of $21.34 million
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Tompkins Financial Corporation (TMP) Company Description:
Tompkins Financial Corp. engages in the provision of financial services. It operates through the following segments: Banking, Insurance, and Wealth Management. The Insurance segment is comprised of property and casualty insurance services and employee benefit consulting operated under the Tompkins Insurance Agencies, Inc. subsidiary. The Wealth management activities include the rest of the Company’s trust, financial planning, and wealth management services conducted under the trust department of the Trust Company. The Banking segment is considered as all its other activities. Tompkins Financial was founded in 1995 and is headquartered in Ithaca, NY.
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