Chemung Financial Corp (NASDAQ:CHMG) declared a quarterly dividend on Friday, August 18th, Wall Street Journal reports. Stockholders of record on Monday, September 18th will be paid a dividend of 0.26 per share by the bank on Monday, October 2nd. This represents a $1.04 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, September 15th.
Chemung Financial Corp (CHMG) opened at 40.30 on Friday. The firm has a market cap of $190.90 million, a price-to-earnings ratio of 16.56 and a beta of 0.18. The stock’s 50 day moving average price is $40.25 and its 200 day moving average price is $39.08. Chemung Financial Corp has a 52 week low of $27.75 and a 52 week high of $41.74.
Chemung Financial Corp (NASDAQ:CHMG) last issued its quarterly earnings data on Friday, July 21st. The bank reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. The business had revenue of $18.97 million for the quarter. Chemung Financial Corp had a return on equity of 7.90% and a net margin of 15.01%. On average, equities research analysts predict that Chemung Financial Corp will post $2.83 EPS for the current year.
An institutional investor recently raised its position in Chemung Financial Corp stock. State Street Corp increased its position in shares of Chemung Financial Corp (NASDAQ:CHMG) by 12.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 Corp worth $1,871,000 at the end of the most recent reporting period. 30.72% of the stock is currently owned by institutional investors and hedge funds.
Chemung Financial Corp 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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