Can Chemung Financial Corp (NASDAQ:CHMG) truly back claims of $0.26 dividends by Jul 2, 2018?

June 14, 2018 - By Michael Lara

Investors sentiment decreased to 0.95 in Q1 2018. Its down 1.80, from 2.75 in 2017Q4. It is negative, as 5 investors sold Chemung Financial Corporation shares while 17 reduced holdings. 7 funds opened positions while 14 raised stakes. 1.57 million shares or 2.22% more from 1.54 million shares in 2017Q4 were reported.
Macquarie Gp Ltd holds 0% or 5,116 shares. Strs Ohio owns 7,800 shares. Intll Grp Inc Inc has invested 0% of its portfolio in Chemung Financial Corporation (NASDAQ:CHMG). Raymond James Ser Advsr has invested 0% in Chemung Financial Corporation (NASDAQ:CHMG). Bridgeway accumulated 46,891 shares. Ameritas Invest Incorporated, a Nebraska-based fund reported 245 shares. Wg Shaheen Associates Dba Whitney Communication holds 400 shares or 0.01% of its portfolio. Bnp Paribas Arbitrage Sa stated it has 0% in Chemung Financial Corporation (NASDAQ:CHMG). Invesco has invested 0% in Chemung Financial Corporation (NASDAQ:CHMG). Panagora Asset Management accumulated 1,418 shares or 0% of the stock. Wells Fargo And Mn invested in 0% or 8,862 shares. First Manhattan Commerce reported 99,475 shares. State Street reported 49,213 shares. California State Teachers Retirement Sys holds 0% of its portfolio in Chemung Financial Corporation (NASDAQ:CHMG) for 5,085 shares. Legal & General Group Incorporated Public Limited Co owns 633 shares for 0% of their portfolio.

Since February 20, 2018, it had 3 buys, and 2 insider sales for $16,868 activity. $705 worth of Chemung Financial Corporation (NASDAQ:CHMG) was bought by BUICKO DAVID M on Monday, May 7. $95,000 worth of Chemung Financial Corporation (NASDAQ:CHMG) was sold by LOUNSBERRY STEPHEN M III on Monday, May 7.

Chemung Financial Corp (NASDAQ:CHMG) is expected to pay $0.26 on Jul 2, 2018. Shareholders owning the stock before Jun 15, 2018 will be eligible to receive the payout. Based on Chemung Financial Corp’s current price of $50.60, the dividend is 0.51 %. This dividend’s record date is Jun 18, 2018 and the announcement date is May 17, 2018. The stock decreased 0.67% or $0.34 during the last trading session, reaching $50.6. About 7,850 shares traded or 68.96% up from the average. Chemung Financial Corporation (NASDAQ:CHMG) has risen 30.05% since June 14, 2017 and is uptrending. It has outperformed by 17.48% the S&P500.

Chemung Financial Corporation operates as the holding firm for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services primarily in New York. The company has market cap of $241.10 million. It offers demand, savings, and time deposits; non-interest- and interest-bearing checking accounts; and insured money market accounts. It has a 32.69 P/E ratio. The firm also provides commercial and agricultural loans primarily consisting of loans to small to mid-sized businesses; commercial mortgage loans; residential mortgage loans; and consumer loans, including home equity lines of credit and home equity loans, as well as letters of credit.

Another recent and important Chemung Financial Corporation (NASDAQ:CHMG) news was published by Globenewswire.com which published an article titled: “Chemung Financial Announces Quarterly Dividend” on May 17, 2018.

Chemung Financial Corporation (NASDAQ:CHMG) Institutional Positions Chart

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