Chemung Financial Corp (CHMG) Position Held by Royce & Associates LP
Royce & Associates LP maintained its position in Chemung Financial Corp (NASDAQ:CHMG) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,512 shares of the bank’s stock at the end of the second quarter. Royce & Associates LP owned about 0.95% of Chemung Financial Corp worth $1,861,000 at the end of the most recent reporting period.
Separately, Strs Ohio lifted its stake in shares of Chemung Financial Corp by 5.4% in the second quarter. Strs Ohio now owns 7,800 shares of the bank’s stock worth $318,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 30.72% of the company’s stock.
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Shares of Chemung Financial Corp (NASDAQ:CHMG) opened at 40.08 on Thursday. The stock’s 50 day moving average price is $40.23 and its 200 day moving average price is $39.19. Chemung Financial Corp has a 12-month low of $27.83 and a 12-month high of $41.74. The company has a market cap of $189.86 million, a P/E ratio of 16.47 and a beta of 0.18.
Chemung Financial Corp (NASDAQ:CHMG) last released its earnings results on Friday, July 21st. The bank reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. The company had revenue of $18.97 million during the quarter. Chemung Financial Corp had a return on equity of 7.90% and a net margin of 15.01%. On average, analysts forecast that Chemung Financial Corp will post $2.83 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Friday, September 15th. Chemung Financial Corp’s payout ratio is 42.62%.
Chemung Financial Corp 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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