Keefe Bruyette & Woods Upgrades Tompkins Financial Corporation to Market Perform with Price Target $63.00

Brokerage firm Keefe Bruyette & Woods Upgrades its rating on Tompkins Financial Corporation(NYSEMKT:TMP). In a research note issued to the investors, the brokerage major Raises the price-target to $63.00 per share. The shares have been rated Market Perform. Previously, the analysts had a Underperform rating on the shares. The rating by Keefe Bruyette & Woods was issued on Jun 13, 2016.

In a different note, On Apr 18, 2016, Keefe Bruyette & Woods said it Downgrades its rating on Tompkins Financial Corporation. The shares have been rated ‘Underperform’ by the firm.

Tompkins Financial Corporation (TMP) shares turned negative on Fridays trading session with the shares closing down -1.65 points or -2.47% at a volume of 1,02,417. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $66.94. The peak price level was also seen at $66.94 while the days lowest was $65.15. Finally the shares closed at $65.15. The 52-week high of the shares is $68.53 while the 52-week low is $49.05. According to the latest information available, the market cap of the company is $979 M.

Tompkins Financial Corporation(TMP) last announced its earnings results on Apr 22, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $61.54M. Analysts had an estimated revenue of $61.56M. Earnings per share were $0.94. Analysts had estimated an EPS of $0.91.

Several Insider Transactions has been reported to the SEC. On May 3, 2016, Francis M Fetsko (EVP, COO, CFO & Treasurer) sold 700 shares at $65.60 per share price.Also, On Nov 19, 2015, James W Fulmer (director) sold 2,000 shares at $59.57 per share price.On Aug 19, 2015, Rosemary G. Hyland (EVP, Human Resources) sold 1,588 shares at $54.71 per share price, according to the Form-4 filing with the securities and exchange commission.

Tompkins Financial Corporation is a financial holding company. The Company offers an array of products and services including commercial and consumer banking leasing trust and investment management financial planning and wealth management and insurance. The Company operates in three segments: banking insurance and wealth management. Banking services consist primarily of attracting deposits from the areas served by the Company’s banking subsidiaries and using those deposits to originate a variety of commercial loans agricultural loans consumer loans real estate loans and leases in those same areas. The Company provides property and casualty insurance services and employee benefits consulting through Tompkins Insurance Agencies Inc. Tompkins Financial Advisors offers a suite of financial services to customers including trust and estate services investment management and financial and insurance planning for individuals corporate executives and small business owners.

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