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 which published an article titled: “Chemung Financial Announces Quarterly Dividend” on May 17, 2018.

Chemung Financial Corporation (NASDAQ:CHMG) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: