Chemung Financial (NASDAQ:CHMG – Get Free Report) is set to release its earnings data on Thursday, April 18th.
Chemung Financial (NASDAQ:CHMG – Get Free Report) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.36). Chemung Financial had a return on equity of 12.85% and a net margin of 18.17%. The company had revenue of $23.77 million during the quarter, compared to analyst estimates of $23.52 million. On average, analysts expect Chemung Financial to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Chemung Financial Stock Up 0.7 %
CHMG stock traded up $0.27 during mid-day trading on Wednesday, hitting $39.81. The stock had a trading volume of 733 shares, compared to its average volume of 6,601. The stock has a market capitalization of $189.10 million, a price-to-earnings ratio of 7.54 and a beta of 0.20. The company has a fifty day moving average of $42.12 and a 200 day moving average of $44.35. Chemung Financial has a 1-year low of $33.72 and a 1-year high of $51.36. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18.
Chemung Financial Announces Dividend
Hedge Funds Weigh In On Chemung Financial
Large investors have recently bought and sold shares of the stock. Nuveen Asset Management LLC acquired a new position in shares of Chemung Financial during the fourth quarter valued at about $210,000. Royal Bank of Canada raised its stake in shares of Chemung Financial by 10.4% in the fourth quarter. Royal Bank of Canada now owns 3,589 shares of the bank’s stock valued at $179,000 after purchasing an additional 338 shares in the last quarter. Citigroup Inc. bought a new position in Chemung Financial in the fourth quarter worth $169,000. Wells Fargo & Company MN increased its holdings in Chemung Financial by 102.8% in the 2nd quarter. Wells Fargo & Company MN now owns 2,085 shares of the bank’s stock valued at $80,000 after buying an additional 1,057 shares during the period. Finally, MetLife Investment Management LLC acquired a new position in shares of Chemung Financial in the 2nd quarter valued at $73,000. 47.50% of the stock is currently owned by institutional investors and hedge funds.
Chemung Financial Company Profile
Chemung Financial Corporation operates as a bank holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services. The company provides demand, savings, and time deposits; non-interest and interest-bearing checking accounts; and insured money market accounts.
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