Chemung Financial (CHMG) Earns News Impact Score of 0.17

Press coverage about Chemung Financial (NASDAQ:CHMG) has trended somewhat positive on Sunday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Chemung Financial earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 45.9426412632272 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Shares of CHMG traded down $0.27 during mid-day trading on Friday, hitting $46.30. 1,457 shares of the stock were exchanged, compared to its average volume of 3,887. The stock has a market capitalization of $220.44, a price-to-earnings ratio of 21.53 and a beta of 0.10. Chemung Financial has a 52-week low of $36.01 and a 52-week high of $56.83. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.90.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Monday, March 19th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, March 16th. This represents a $1.04 annualized dividend and a dividend yield of 2.25%.

Several analysts have recently issued reports on the company. BidaskClub raised 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 price objective on Chemung Financial and gave the stock a “hold” rating in a report on Wednesday, January 3rd.

In related news, Director G. Thomas Jr. Tranter bought 1,250 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were purchased at an average price of $44.12 per share, with a total value of $55,150.00. Following the transaction, the director now owns 20,216 shares in the company, valued at approximately $891,929.92. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard W. Swan sold 6,240 shares of the business’s stock in a transaction that occurred on Friday, July 20th. The shares were 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 in the company, valued at approximately $1,428,532. The disclosure for this sale can be found here. 22.28% of the stock is owned by corporate insiders.

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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.

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