Tompkins Financial

TMP · NYSE American

$99.35+$2.18 (+2.24%)TodayMarket closed · Oct 20, 8:00 PM ET

Prev close $97.17

TMP analyst rating

BuyConsensus of 2 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy1
Hold1
Underperform0
Sell0

12-month price target · 3 analysts

Average $106.59 (+7.3% upside)

Low: $105.04
Now: $99.35
High: $110.25

Upgrades and downgrades

The latest rating actions, newest first

TMP analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Piper Sandler	Aug 3, 2026	Maintains	Neutral	$87.00 → $104.00	46%
Keefe, Bruyette & Woods	Jul 27, 2026	Maintains	Outperform	$98.00 → $105.00	68%
Piper Sandler	Apr 28, 2026	Maintains	Neutral	$82.00 → $87.00	46%
Piper Sandler	Dec 3, 2025	Initiates	Neutral	$74.00	46%

The case for and against

Updated Nov 28, 2024

Bull case

Tompkins Financial Corp. demonstrated robust growth in its loan portfolio, with end-of-period loans rising by 9% quarter-over-quarter in Q2, a significant increase compared to 2% in the previous quarter, indicating strong lending activity. The company's net interest income (NII) also saw a slight quarter-over-quarter increase of 0.6%, attributed to a 0.4% growth in earning assets, while the net interest margin (NIM) remained stable at 2.73%, showcasing effective asset management. Furthermore, noninterest income outperformed expectations, driven by higher other income, leading to upward revisions in projected earnings and net interest income, signaling a solid financial trajectory for the company.

Bear case

Tompkins Financial Corp faces a challenging environment in the banking sector, as net interest income pressures are impacting earnings per share estimates, particularly following the March banking crisis, evidenced by an 88% decrease in earnings in the first quarter of 2024 and a 10% decline in end-of-period deposits on a last-quarter-annualized basis. Integration risks associated with potential mergers and acquisitions could adversely affect the company's operational results and strategic outlook, while broader risks, such as a flattened yield curve and deterioration in credit quality, threaten overall financial stability. The combination of low investor sentiment, existing asset quality issues, and the inherent dangers of pursuing an M&A expansion strategy underscores a negative financial outlook for Tompkins Financial Corp.

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