Chemung Financial (CHMG) Given News Impact Score of 0.04
News coverage about Chemung Financial (NASDAQ:CHMG) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Chemung Financial earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 45.7664801724204 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Separately, ValuEngine upgraded shares of Chemung Financial from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th.
Shares of Chemung Financial (NASDAQ:CHMG) traded down $0.18 on Wednesday, reaching $47.88. 4,300 shares of the company’s stock traded hands, compared to its average volume of 7,030. 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 one year low of $31.23 and a one year high of $49.55. The firm has a market capitalization of $230.86, a price-to-earnings ratio of 18.59 and a beta of 0.22.
Chemung Financial (NASDAQ:CHMG) last issued its earnings results on Thursday, October 19th. The bank reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.05. Chemung Financial had a net margin of 15.94% and a return on equity of 8.39%. The company had revenue of $19.93 million for the quarter.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 19th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, December 18th. This represents a $1.04 annualized dividend and a yield of 2.17%. Chemung Financial’s payout ratio is currently 39.69%.
In other Chemung Financial news, CFO Karl Francis Krebs sold 750 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $46.67, for a total transaction of $35,002.50. Following the transaction, the chief financial officer now directly owns 3,462 shares in the company, valued at $161,571.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 22.28% of the company’s stock.
About Chemung Financial
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).
Receive News & Ratings for Chemung Financial Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chemung Financial Corp and related companies with MarketBeat.com's FREE daily email newsletter.