Chemung Financial Corp. (NASDAQ:CHMG) declared a quarterly dividend on Wednesday, February 21st, Zacks reports. Investors of record on Monday, March 19th will be given a dividend of 0.26 per share by the bank on Monday, April 2nd. This represents a $1.04 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Friday, March 16th.
Chemung Financial (NASDAQ CHMG) opened at $43.03 on Friday. The stock has a market cap of $204.87, a PE ratio of 27.76 and a beta of 0.17. Chemung Financial has a 1-year low of $36.01 and a 1-year high of $56.83. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.09.
In related news, Director G. Thomas Jr. Tranter bought 1,250 shares of the stock in a transaction on Tuesday, February 20th. The shares were 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 owns 20,216 shares of the company’s stock, valued at approximately $891,929.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard W. Swan sold 6,240 shares of the company’s stock in a transaction dated Friday, July 20th. The stock was sold at an average price of $40.75, for a total transaction of $254,280.00. Following the transaction, the director now owns 35,056 shares in the company, valued at $1,428,532. The disclosure for this sale can be found here. Corporate insiders own 22.28% of the company’s stock.
Several research firms recently issued reports on CHMG. BidaskClub raised shares of Chemung Financial from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 21st. Sandler O’Neill set a $53.00 target price on shares of Chemung Financial and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. Finally, ValuEngine lowered shares of Chemung Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
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).
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