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HomeMarketResultsChemung Financial Co. (NASDAQ:CHMG) Short Interest Down 17.9% in December

Chemung Financial Co. (NASDAQ:CHMG) Short Interest Down 17.9% in December


Chemung Monetary Co. (NASDAQ:CHMGGet Rating) was the goal of a big drop in brief curiosity in December. As of December fifteenth, there was quick curiosity totalling 4,600 shares, a drop of 17.9% from the November thirtieth whole of 5,600 shares. Based mostly on a median day by day quantity of 10,000 shares, the days-to-cover ratio is at the moment 0.5 days. Roughly 0.1% of the corporate’s inventory are bought quick.

Analyst Upgrades and Downgrades

Individually, StockNews.com assumed protection on shares of Chemung Monetary in a analysis observe on Wednesday, October twelfth. They issued a “purchase” score for the corporate.

Insider Exercise

In associated information, Director Joseph F. Iv Meade purchased 700 shares of the corporate’s inventory in a transaction that occurred on Monday, November twenty first. The shares have been bought at a median price of $47.00 per share, with a complete worth of $32,900.00. Following the transaction, the director now straight owns 1,000 shares of the corporate’s inventory, valued at roughly $47,000. The acquisition was disclosed in a authorized submitting with the SEC, which is offered at the SEC website. Firm insiders personal 12.25% of the corporate’s inventory.

Institutional Buying and selling of Chemung Monetary

A number of institutional traders have lately added to or decreased their stakes in CHMG. Citigroup Inc. acquired a brand new stake in shares of Chemung Monetary within the 1st quarter price about $28,000. BlackRock Inc. boosted its place in shares of Chemung Monetary by 45.8% in the course of the 1st quarter. BlackRock Inc. now owns 16,873 shares of the financial institution’s inventory valued at $788,000 after buying an extra 5,300 shares within the final quarter. LSV Asset Administration boosted its place in shares of Chemung Monetary by 3.3% in the course of the 1st quarter. LSV Asset Administration now owns 27,953 shares of the financial institution’s inventory valued at $1,305,000 after buying an extra 903 shares within the final quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Chemung Monetary by 2.6% within the first quarter. Dimensional Fund Advisors LP now owns 93,281 shares of the financial institution’s inventory price $4,355,000 after shopping for an extra 2,358 shares in the course of the interval. Lastly, UBS Group AG boosted its holdings in shares of Chemung Monetary by 79.9% within the first quarter. UBS Group AG now owns 1,283 shares of the financial institution’s inventory price $60,000 after shopping for an extra 570 shares in the course of the interval. 35.85% of the inventory is owned by institutional traders and hedge funds.

Chemung Monetary Buying and selling Up 0.7 %

Shares of NASDAQ CHMG traded up $0.32 throughout noon buying and selling on Friday, reaching $45.87. 4,595 shares of the inventory have been exchanged, in comparison with its common quantity of 8,981. The corporate has a market capitalization of $214.67 million, a P/E ratio of seven.74 and a beta of 0.05. Chemung Monetary has a 52-week low of $40.74 and a 52-week excessive of $48.75. The corporate has a present ratio of 0.78, a fast ratio of 0.78 and a debt-to-equity ratio of 0.03. The inventory has a 50 day shifting common worth of $45.37 and a 200-day shifting common worth of $44.72.

Chemung Monetary (NASDAQ:CHMGGet Rating) final launched its earnings outcomes on Thursday, October twentieth. The financial institution reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.02. Chemung Monetary had a web margin of 28.81% and a return on fairness of 15.29%. The agency had income of $24.03 million in the course of the quarter, in comparison with the consensus estimate of $23.82 million. Equities analysis analysts count on that Chemung Monetary will put up 6.01 earnings per share for the present fiscal 12 months.

Chemung Monetary Dividend Announcement

The enterprise additionally lately declared a quarterly dividend, which can be paid on Tuesday, January third. Traders of document on Tuesday, December twentieth can be issued a $0.31 dividend. The ex-dividend date is Monday, December nineteenth. This represents a $1.24 annualized dividend and a yield of two.70%. Chemung Monetary’s dividend payout ratio is presently 20.91%.

Chemung Monetary Firm Profile

(Get Rating)

Chemung Monetary Company operates because the holding firm for Chemung Canal Belief Firm that gives a variety of banking, financing, fiduciary, and different monetary companies. The corporate gives demand, financial savings, and time deposits; non-interest and interest-bearing checking accounts; and insured cash market accounts.

Really useful Tales

This immediate information alert was generated by narrative science expertise and monetary knowledge from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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