Chemung Financial Co. (NASDAQ:CHMG – Get Rating) Director Joseph F. Iv Meade purchased 700 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were acquired at an average cost of $47.00 per share, for a total transaction of $32,900.00. Following the acquisition, the director now owns 1,000 shares of the company’s stock, valued at approximately $47,000. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
Chemung Financial Trading Up 0.6 %
Chemung Financial stock opened at $47.29 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $221.22 million, a price-to-earnings ratio of 7.97 and a beta of 0.03. Chemung Financial Co. has a 1 year low of $40.74 and a 1 year high of $48.75. The firm’s 50 day moving average price is $43.49 and its two-hundred day moving average price is $44.55.
Chemung Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Tuesday, December 20th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Monday, December 19th. Chemung Financial’s payout ratio is 20.91%.
Hedge Funds Weigh In On Chemung Financial
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on shares of Chemung Financial in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock.
Chemung Financial Company Profile
Chemung Financial Corporation operates as the 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.
- Get a free copy of the StockNews.com research report on Chemung Financial (CHMG)
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