Chemung Financial (NASDAQ:CHMG) is set to issue its quarterly earnings data after the market closes on Wednesday, April 18th. Analysts expect Chemung Financial to post earnings of $0.83 per share for the quarter.

Chemung Financial (NASDAQ:CHMG) last released its quarterly earnings data on Monday, March 5th. The bank reported $0.15 EPS for the quarter. Chemung Financial had a return on equity of 6.82% and a net margin of 9.22%. The company had revenue of $20.24 million for the quarter.

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NASDAQ:CHMG opened at $46.01 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.90 and a current ratio of 0.90. Chemung Financial has a 12 month low of $36.01 and a 12 month high of $56.83. The stock has a market capitalization of $220.54, a price-to-earnings ratio of 21.54 and a beta of 0.10.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 19th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Friday, March 16th.

Several research analysts have commented on the company. Sandler O’Neill set a $53.00 price objective on Chemung Financial and gave the company a “hold” rating in a research report on Wednesday, January 3rd. BidaskClub raised Chemung Financial from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st.

In other Chemung Financial news, Director Richard W. Swan sold 6,240 shares of the firm’s stock in a transaction dated Friday, July 20th. The stock was sold at an average price of $40.75, for a total value of $254,280.00. Following the transaction, the director now directly owns 35,056 shares of the company’s stock, valued at $1,428,532. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director G. Thomas Jr. Tranter acquired 1,250 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was bought at an average cost of $44.12 per share, for a total transaction of $55,150.00. Following the completion of the transaction, the director now directly owns 20,216 shares of the company’s stock, valued at $891,929.92. The disclosure for this purchase can be found here. Company insiders own 20.63% of the company’s stock.

A hedge fund recently raised its stake in Chemung Financial stock. State Street Corp grew its holdings in shares of Chemung Financial Corp. (NASDAQ:CHMG) by 12.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,806 shares of the bank’s stock after acquiring an additional 5,097 shares during the period. State Street Corp owned about 0.97% of Chemung Financial worth $1,871,000 as of its most recent SEC filing. Institutional investors own 32.62% of the company’s stock.

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About Chemung Financial

Chemung Financial Corporation operates as the holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services. It offers demand, savings, and time deposits; non-interest and interest-bearing checking accounts; and insured money market accounts.

Earnings History for Chemung Financial (NASDAQ:CHMG)

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