Chemung Monetary Co. (NASDAQ:CHMG – Get 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.
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:CHMG – Get 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
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.
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