Media stories about Chemung Financial Corp (NASDAQ:CHMG) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Chemung Financial Corp earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 45.8388279017287 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Separately, ValuEngine upgraded shares of Chemung Financial Corp from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th.
Chemung Financial Corp (NASDAQ:CHMG) last released its quarterly earnings data on Friday, July 21st. The bank reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. The firm had revenue of $18.97 million during the quarter. Chemung Financial Corp had a return on equity of 7.90% and a net margin of 15.01%.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 18th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Friday, September 15th. Chemung Financial Corp’s dividend payout ratio (DPR) is presently 42.62%.
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About Chemung Financial Corp
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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