Chemung Financial (CHMG) Set to Announce Earnings on Thursday

Chemung Financial (NASDAQ:CHMG) will issue its quarterly earnings data on Thursday, April 18th.

Chemung Financial (NASDAQ:CHMG) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.36). Chemung Financial had a net margin of 18.17% and a return on equity of 12.85%. The business had revenue of $23.77 million for the quarter, compared to analysts’ expectations 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 Performance

Shares of Chemung Financial stock traded up $0.27 during trading hours on Wednesday, reaching $39.81. The company had a trading volume of 733 shares, compared to its average volume of 6,601. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.84 and a quick ratio of 0.84. Chemung Financial has a one year low of $33.72 and a one year high of $51.36. The firm has a market cap of $189.10 million, a PE ratio of 7.54 and a beta of 0.20. The business has a fifty day simple moving average of $42.12 and a 200 day simple moving average of $44.35.

Chemung Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were issued a $0.31 dividend. The ex-dividend date was Friday, March 15th. This represents a $1.24 annualized dividend and a dividend yield of 3.11%. Chemung Financial’s payout ratio is currently 23.48%.

Institutional Trading of Chemung Financial

A number of large investors have recently modified their holdings of the business. Citigroup Inc. bought a new stake in shares of Chemung Financial during the 1st quarter worth $28,000. BNP Paribas Arbitrage SNC purchased a new stake in shares of Chemung Financial in the 2nd quarter valued at $35,000. Bank of America Corp DE grew its holdings in shares of Chemung Financial by 22,925.0% during the 1st quarter. Bank of America Corp DE now owns 921 shares of the bank’s stock valued at $38,000 after purchasing an additional 917 shares during the last quarter. California State Teachers Retirement System bought a new stake in Chemung Financial in the second quarter worth $45,000. Finally, Barclays PLC boosted its position in Chemung Financial by 788.4% during the first quarter. Barclays PLC now owns 1,306 shares of the bank’s stock valued at $54,000 after buying an additional 1,159 shares during the period. Institutional investors own 47.50% of the company’s stock.

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.