Revenue Update on Tompkins Financial Corporation(NYSEMKT:TMP)

Tompkins Financial Corporation(NYSEMKT:TMP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 22, 2016. Company reported revenue of $61.99M. Analysts estimated a revenue of $62.31M. Earnings per share were $0.96. Analysts had estimated an EPS of $0.96.

In a different note, On Jun 13, 2016, Keefe Bruyette & Woods said it Upgrades its rating on Tompkins Financial Corporation. In the research note, the firm Raises the price-target to $57.00 per share. The shares have been rated ‘Market Perform’ by the firm.

Tompkins Financial Corporation (TMP) made into the market gainers list on Thursdays trading session with the shares advancing 2.28% or 1.63 points. Due to strong positive momentum, the stock ended at $73.21, which is also near the day’s high of $73.57. The stock began the session at $71.45 and the volume stood at 41,871 shares. The 52-week high of the shares is $71.97 and the 52 week low is $49.05. The company has a current market capitalization of $1,100 M and it has 1,50,24,177 shares in outstanding.

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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