The stock of Tompkins Financial Corporation (NYSEMKT:TMP) reached all time high today, Sep, 30 and still has $109.83 target or 44.00% above today’s $76.27 share price. This indicates more upside for the $1.15B company. This technical setup was reported by Barchart.com. If the $109.83 PT is reached, the company will be worth $506.00M 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. About 15,391 shares traded hands. Tompkins Financial Corporation (NYSEMKT:TMP) has risen 31.58% since February 26, 2016 and is uptrending. It has outperformed by 21.16% the S&P500.
Analysts await Tompkins Financial Corporation (NYSEMKT:TMP) to report earnings on November, 4.
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.”
Another recent and important Tompkins Financial Corporation (NYSEMKT:TMP) news was published by Businesswire.com which published an article titled: “TOMPKINS FINANCIAL CORPORATION Announces New Stock Repurchase Program” on July 22, 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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