NASDAQ:CHMG - Chemung Financial Stock Price, News & Analysis

Chemung Financial trades on the NASDAQ under the ticker symbol "CHMG."

Chemung Financial announced a quarterly dividend on Thursday, May 16th. Shareholders of record on Monday, June 17th will be paid a dividend of $0.26 per share on Monday, July 1st. This represents a $1.04 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Friday, June 14th. View Chemung Financial's Dividend History.

Chemung Financial Corp. (NASDAQ:CHMG) posted its earnings results on Monday, July, 22nd. The bank reported $1.02 EPS for the quarter, beating the Zacks' consensus estimate of $1.01 by $0.01. The bank earned $20.19 million during the quarter, compared to the consensus estimate of $20.59 million. Chemung Financial had a return on equity of 11.97% and a net margin of 24.94%. View Chemung Financial's Earnings History.

Chemung Financial is scheduled to release their next quarterly earnings announcement on Thursday, October 17th 2019. View Earnings Estimates for Chemung Financial.

3 Wall Street analysts have issued 1-year target prices for Chemung Financial's shares. Their forecasts range from $47.00 to $47.00. On average, they anticipate Chemung Financial's share price to reach $47.00 in the next twelve months. This suggests a possible upside of 15.6% from the stock's current price. View Analyst Price Targets for Chemung Financial.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chemung Financial in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Chemung Financial.

News coverage about CHMG stock has trended negative on Monday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Chemung Financial earned a news impact score of -2.3 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Chemung Financial.

Chemung Financial saw a drop in short interest during the month of July. As of July 31st, there was short interest totalling 32,700 shares, a drop of 8.4% from the June 30th total of 35,700 shares. Based on an average trading volume of 6,300 shares, the short-interest ratio is currently 5.2 days. Approximately 0.9% of the company's stock are sold short. View Chemung Financial's Current Options Chain.

Some companies that are related to Chemung Financial include Preferred Bank (PFBC), Carolina Financial (CARO), Triumph Bancorp (TBK), Origin Bancorp (OBNK), Lakeland Bancorp (LBAI), Univest Financial (UVSP), TrustCo Bank Corp NY (TRST), Live Oak Bancshares (LOB), First National Bank Alaska (FBAK), Horizon Bancorp (HBNC), ConnectOne Bancorp (CNOB), Community Trust Bancorp (CTBI), Bryn Mawr Bank (BMTC), Allegiance Bancshares (ABTX) and Byline Bancorp (BY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Chemung Financial investors own include R1 RCM (RCM), NVIDIA (NVDA), Skechers USA (SKX), AeroVironment (AVAV), Dollar Tree (DLTR), JD.Com (JD), Middleby (MIDD), QuinStreet (QNST), Becton Dickinson and (BDX) and Bank of Hawaii (BOH).

Chemung Financial's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Chemung Canal Trust Co. (8.27%), BlackRock Inc. (3.77%), Vanguard Group Inc. (3.49%), First Manhattan Co. (1.90%), Renaissance Technologies LLC (1.68%) and Northern Trust Corp (0.82%). Company insiders that own Chemung Financial stock include Daniel D Fariello, David M Buicko, Denise V Gonick, G Thomas Jr Tranter, Jeffrey B Streeter, Karen R Makowski, Karl Francis Krebs, Kimberly A Hazelton, Robert H Dalrymple, Stephen M Lounsberry III and Thomas W Wirth. View Institutional Ownership Trends for Chemung Financial.

CHMG stock was sold by a variety of institutional investors in the last quarter, including First Manhattan Co., EJF Capital LLC, Chemung Canal Trust Co., Morgan Stanley, Private Advisor Group LLC and Wells Fargo & Company MN. Company insiders that have sold Chemung Financial company stock in the last year include Daniel D Fariello, Karen R Makowski, Robert H Dalrymple and Thomas W Wirth. View Insider Buying and Selling for Chemung Financial.

CHMG stock was acquired by a variety of institutional investors in the last quarter, including Bowling Portfolio Management LLC, Vanguard Group Inc., BlackRock Inc., Public Employees Retirement System of Ohio, Renaissance Technologies LLC, Jacobs Levy Equity Management Inc., Bessemer Group Inc. and Northern Trust Corp. Company insiders that have bought Chemung Financial stock in the last two years include David M Buicko, Denise V Gonick, G Thomas Jr Tranter and Jeffrey B Streeter. View Insider Buying and Selling for Chemung Financial.

Shares of CHMG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of CHMG stock can currently be purchased for approximately $40.65.

Chemung Financial has a market capitalization of $196.87 million and generates $87.63 million in revenue each year. The bank earns $19.63 million in net income (profit) each year or $3.80 on an earnings per share basis. Chemung Financial employs 374 workers across the globe.View Additional Information About Chemung Financial.

The official website for Chemung Financial is http://www.chemungcanal.com/.

Chemung Financial's mailing address is ONE CHEMUNG CANAL PLZ P O BOX 1522, ELMIRA NY, 14901. The bank can be reached via phone at 607-737-3711 or via email at [email protected]