Chemung Financial (NASDAQ:CHMG) will be posting its quarterly earnings results 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 announced its quarterly earnings data on Monday, March 5th. The bank reported $0.15 EPS for the quarter. The firm had revenue of $20.24 million during the quarter. Chemung Financial had a net margin of 9.22% and a return on equity of 6.82%.
Shares of Chemung Financial stock opened at $46.32 on Monday. The company has a market capitalization of $220.45, a P/E ratio of 21.53 and a beta of 0.10. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.43. Chemung Financial has a 52 week low of $36.01 and a 52 week high of $56.83.
In other Chemung Financial news, Director G. Thomas Jr. Tranter purchased 1,250 shares of Chemung Financial stock in a transaction on Tuesday, February 20th. The stock was bought at an average cost of $44.12 per share, with a total value of $55,150.00. Following the transaction, the director now owns 20,216 shares of the company’s stock, valued at approximately $891,929.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard W. Swan sold 6,240 shares of the firm’s stock in a transaction that occurred on 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 directly owns 35,056 shares of the company’s stock, valued at $1,428,532. The disclosure for this sale can be found here. Company insiders own 20.63% of the company’s stock.
An institutional investor recently raised its position in Chemung Financial stock. State Street Corp boosted its holdings in shares of Chemung Financial Corp. (NASDAQ:CHMG) by 12.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,806 shares of the bank’s stock after buying an additional 5,097 shares during the quarter. State Street Corp owned 0.97% of Chemung Financial worth $1,871,000 at the end of the most recent reporting period. 32.62% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on the stock. BidaskClub raised shares of Chemung Financial from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. Sandler O’Neill set a $53.00 price target on shares of Chemung Financial and gave the stock a “hold” rating in a research report on Wednesday, January 3rd.
Chemung Financial Company Profile
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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