News articles about Chemung Financial (NASDAQ:CHMG) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Chemung Financial earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the bank an impact score of 46.4280381004612 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

A number of brokerages recently weighed in on CHMG. BidaskClub raised shares of Chemung Financial from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 21st. ValuEngine lowered shares of Chemung Financial from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Sandler O’Neill set a $53.00 price target on shares of Chemung Financial and gave the company a “hold” rating in a report on Wednesday, January 3rd.

Chemung Financial (NASDAQ CHMG) traded up $0.10 on Friday, reaching $50.24. 1,872 shares of the company’s stock were exchanged, compared to its average volume of 6,904. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.09. Chemung Financial has a 12-month low of $31.72 and a 12-month high of $56.83. The firm has a market cap of $238.16, a price-to-earnings ratio of 19.18 and a beta of 0.28.

Chemung Financial (NASDAQ:CHMG) last released its earnings results on Thursday, October 19th. The bank reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.05. Chemung Financial had a net margin of 15.94% and a return on equity of 8.39%. The firm had revenue of $19.93 million during the quarter.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 19th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Monday, December 18th. Chemung Financial’s dividend payout ratio is presently 39.69%.

In other Chemung Financial news, CFO Karl Francis Krebs sold 750 shares of Chemung Financial stock in a transaction on Monday, November 20th. The shares were sold at an average price of $46.67, for a total transaction of $35,002.50. Following the completion of the sale, the chief financial officer now owns 3,462 shares of the company’s stock, valued at approximately $161,571.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 22.28% of the stock is currently owned by insiders.

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Chemung Financial Company Profile

Chemung Financial Corporation is a bank holding company. The Company, through its subsidiaries, Chemung Canal Trust Company (the Bank) and CFS Group, Inc (CFS), provides a range of banking, financing, fiduciary and other financial services to its clients. The Company manages its operations through two segments: core banking and Wealth Management Group (WMG).

Insider Buying and Selling by Quarter for Chemung Financial (NASDAQ:CHMG)

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