Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Chemung Financial (CHMG) Share Price

Media stories about Chemung Financial (NASDAQ:CHMG) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Chemung Financial earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.4510510514956 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Several research analysts have recently issued reports on the company. ValuEngine raised Chemung Financial from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. BidaskClub raised Chemung Financial from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st.

Chemung Financial (NASDAQ:CHMG) traded up $1.16 during trading hours on Wednesday, hitting $49.26. The stock had a trading volume of 12,000 shares, compared to its average volume of 7,650. Chemung Financial has a 12 month low of $31.72 and a 12 month high of $56.83. The company has a market capitalization of $228.01, a PE ratio of 18.80 and a beta of 0.22. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.87 and a current ratio of 0.87.

Chemung Financial (NASDAQ:CHMG) last announced its earnings results on Thursday, October 19th. The bank reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.05. Chemung Financial had a return on equity of 8.39% and a net margin of 15.94%. The business had revenue of $19.93 million during the quarter.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Tuesday, December 19th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, December 18th. This represents a $1.04 annualized dividend and a yield of 2.11%. Chemung Financial’s dividend payout ratio is currently 39.69%.

In related news, CFO Karl Francis Krebs sold 750 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $46.67, for a total transaction of $35,002.50. Following the completion of the transaction, the chief financial officer now owns 3,462 shares of the company’s stock, valued at $161,571.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 22.28% of the company’s stock.

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About Chemung Financial

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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