News stories about Chemung Financial (NASDAQ:CHMG) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Chemung Financial earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 47.0252869209501 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Chemung Financial (NASDAQ CHMG) traded down $0.86 on Wednesday, reaching $45.46. 3,800 shares of the company’s stock traded hands, compared to its average volume of 3,757. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.43. The firm has a market cap of $220.53, a PE ratio of 29.33 and a beta of 0.17. Chemung Financial has a 52-week low of $36.01 and a 52-week high of $56.83.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 19th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.29%. The ex-dividend date is Friday, March 16th. Chemung Financial’s payout ratio is presently 67.10%.

A number of equities research analysts recently issued reports on the stock. Sandler O’Neill set a $53.00 target price on shares of Chemung Financial and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. BidaskClub upgraded shares of Chemung Financial from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. Finally, ValuEngine cut shares of Chemung Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

In related news, Director G. Thomas Jr. Tranter acquired 1,250 shares of the stock in a transaction on Tuesday, February 20th. The stock was purchased at an average price of $44.12 per share, for a total transaction 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 acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard W. Swan sold 6,240 shares of the firm’s stock in a transaction dated Friday, July 20th. The shares were sold at an average price of $40.75, for a total transaction of $254,280.00. Following the completion of the transaction, the director now directly owns 35,056 shares in the company, valued at approximately $1,428,532. The disclosure for this sale can be found here. Company insiders own 22.28% of the company’s stock.

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Chemung Financial 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).

Insider Buying and Selling by Quarter for Chemung Financial (NASDAQ:CHMG)

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