Chemung Financial Corp (CHMG) Receiving Somewhat Favorable News Coverage, Accern Reports
News headlines about Chemung Financial Corp (NASDAQ:CHMG) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Chemung Financial Corp earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave headlines about the bank an impact score of 47.2542062363872 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Chemung Financial Corp (CHMG) remained flat at $39.80 during trading on Tuesday. The company’s stock had a trading volume of 23 shares. The firm’s 50-day moving average is $40.70 and its 200-day moving average is $38.13. The firm has a market cap of $190.96 million, a price-to-earnings ratio of 16.36 and a beta of 0.18. Chemung Financial Corp has a 52-week low of $27.45 and a 52-week high of $41.74.
Chemung Financial Corp (NASDAQ:CHMG) last released its quarterly earnings data on Friday, July 21st. The bank reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. Chemung Financial Corp had a net margin of 15.01% and a return on equity of 7.90%. The company had revenue of $18.97 million during the quarter. Equities analysts expect that Chemung Financial Corp will post $2.83 earnings per share for the current year.
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Chemung Financial Corp 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).
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