Chemung Financial Corp (CHMG) Receiving Somewhat Positive Media Coverage, Analysis Finds
News coverage about Chemung Financial Corp (NASDAQ:CHMG) has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Chemung Financial Corp earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 48.0727093930487 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Separately, ValuEngine upgraded Chemung Financial Corp from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th.
Shares of Chemung Financial Corp (NASDAQ:CHMG) traded down $0.08 during mid-day trading on Monday, reaching $46.66. The company’s stock had a trading volume of 3,400 shares, compared to its average volume of 7,238. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.09. Chemung Financial Corp has a one year low of $29.10 and a one year high of $48.92. The firm has a market cap of $221.19, a price-to-earnings ratio of 17.81 and a beta of 0.22.
Chemung Financial Corp (NASDAQ:CHMG) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.05. Chemung Financial Corp had a return on equity of 8.39% and a net margin of 15.94%. The company had revenue of $19.93 million during the quarter.
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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