The stock of Tompkins Financial Corporation (NYSEMKT:TMP) reached all time high today, Nov, 24 and still has $90.66 target or 4.00% above today’s $87.17 share price. This indicates more upside for the $1.35B company. This technical setup was reported by Barchart.com. If the $90.66 PT is reached, the company will be worth $54.00M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 1.15% or $0.99 on November 23, hitting $87.17. About 37,026 shares traded hands. Tompkins Financial Corporation (NYSEMKT:TMP) has risen 29.24% since April 22, 2016 and is uptrending. It has outperformed by 23.83% the S&P500.
Analysts await Tompkins Financial Corporation (NYSEMKT:TMP) to report earnings on February, 3.
According to Zacks Investment Research, “Tompkins Financial Corporation is a financial services company with $5.5 billion in assets serving the Central, Western and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, NY, Tompkins Financial is parent to Tompkins Trust Company, Tompkins Bank of Castile, Tompkins Mahopac Bank, Tompkins VIST Bank, Tompkins Insurance Agencies, Inc., and offers wealth management services through Tompkins Financial Advisors.”
More notable recent Tompkins Financial Corporation (NYSEMKT:TMP) news were published by: Nasdaq.com which released: “Tompkins Financial Corporation (TMP) Ex-Dividend Date Scheduled for November …” on November 03, 2016, also Businesswire.com with their article: “Tompkins Financial Corporation Reports Record Third Quarter Earnings” published on October 28, 2016, Businesswire.com published: “TOMPKINS FINANCIAL CORPORATION Announces New Stock Repurchase Program” on July 22, 2016. More interesting news about Tompkins Financial Corporation (NYSEMKT:TMP) were released by: Streetinsider.com and their article: “Form 4 TOMPKINS FINANCIAL CORP For: Nov 21 Filed by: BOYCE DAVID S” published on November 22, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: Tompkins Financial, Reinsurance Group of America and …” with publication date: November 02, 2016.
TMP Company Profile
Tompkins Financial Corporation (Tompkins), incorporated on March 6, 1995, is a financial holding company. The Firm is a community financial services firm that offers an array of services and products, including commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance. The Firm operates through three divisions: banking (Banking), insurance (Tompkins Insurance Agencies, Inc.) and wealth management (Tompkins Financial Advisors). The Company’s Banking services consist of attracting deposits from the areas served by the Company’s four banking subsidiaries’ approximately 60 banking offices (over 40 offices in New York and approximately 20 offices in Pennsylvania), and using those deposits to originate a range of commercial loans, agricultural loans, consumer loans, real estate loans, and leases in those same areas. The Company’s Insurance segment consists of property and casualty insurance services and employee benefit consulting operated under the Tompkins Insurance Agencies, Inc. subsidiary.
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