Chemung Financial Co. (NASDAQ:CHMG – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $45.06 and traded as high as $48.39. Chemung Financial shares last traded at $47.18, with a volume of 8,572 shares trading hands.
Chemung Financial Stock Performance
The company’s 50 day moving average price is $46.81 and its 200-day moving average price is $45.06. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $224.20 million, a PE ratio of 9.04 and a beta of 0.15.
Chemung Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Thursday, September 19th were paid a $0.31 dividend. The ex-dividend date was Thursday, September 19th. This represents a $1.24 dividend on an annualized basis and a yield of 2.63%. Chemung Financial’s dividend payout ratio is 23.75%.
Insider Activity at Chemung Financial
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in shares of Chemung Financial by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,618 shares of the bank’s stock worth $558,000 after acquiring an additional 397 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Chemung Financial by 4.3% during the 2nd quarter. Renaissance Technologies LLC now owns 34,322 shares of the bank’s stock worth $1,647,000 after acquiring an additional 1,400 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Chemung Financial by 8.1% during the 1st quarter. Empowered Funds LLC now owns 18,733 shares of the bank’s stock worth $796,000 after acquiring an additional 1,400 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Chemung Financial by 8.7% during the 1st quarter. Acadian Asset Management LLC now owns 25,057 shares of the bank’s stock worth $1,063,000 after acquiring an additional 2,011 shares during the last quarter. Finally, Bright Futures Wealth Management LLC. bought a new stake in shares of Chemung Financial during the 2nd quarter worth $200,000. 47.50% of the stock is owned by institutional investors.
About Chemung Financial
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.
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