Chemung Financial Corp (CHMG) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Chemung Financial Corp (NASDAQ:CHMG) posted its quarterly earnings data on Friday. The bank reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.03, Yahoo Finance reports. The company had revenue of $18.97 million during the quarter. Chemung Financial Corp had a return on equity of 7.99% and a net margin of 15.01%.

Chemung Financial Corp (NASDAQ:CHMG) opened at 40.40 on Friday. The firm has a market capitalization of $191.17 million, a PE ratio of 18.72 and a beta of 0.18. Chemung Financial Corp has a 52-week low of $27.45 and a 52-week high of $41.74. The stock’s 50 day moving average price is $40.49 and its 200 day moving average price is $37.79.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Monday, June 19th were given a dividend of $0.26 per share. The ex-dividend date was Thursday, June 15th. This represents a $1.04 annualized dividend and a dividend yield of 2.57%. Chemung Financial Corp’s dividend payout ratio is currently 42.62%.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by Transcript Daily and is owned by of Transcript Daily. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at

In other news, Director David J. Dalrymple bought 4,300 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The stock was acquired at an average cost of $38.00 per share, with a total value of $163,400.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ronald M. Bentley sold 6,978 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $38.25, for a total value of $266,908.50. Following the completion of the sale, the director now directly owns 41,200 shares of the company’s stock, valued at $1,575,900. The disclosure for this sale can be found here. Insiders own 22.28% of the company’s stock.

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).

Earnings History for Chemung Financial Corp (NASDAQ:CHMG)

Receive News & Ratings for Chemung Financial Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chemung Financial Corp and related companies with's FREE daily email newsletter.

Leave a Reply