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Chemung Financial Corporation Announces Quarterly Dividend
Globe Newswire (Wed, 21-Feb 4:10 PM ET)
Chemung Financial Corp is a bank holding firm. It provides financial services, including demand, savings, and time deposits, commercial, residential, and consumer loans, letters of credit, wealth management services, employee benefit plans, securities, and insurance brokerage services. Its business operations are organized into two lines of business: Banking, and Wealth Management services. It derives its revenues from the core banking business.
Chemung Financial trades on the NASDAQ stock market under the symbol CHMG.
As of March 28, 2024, CHMG stock price climbed to $42.35 with 461 million shares trading.
CHMG has a market cap of $201.33 million. This is considered a Small Cap stock.
Last quarter Chemung Financial reported $24 million in Revenue and $.81 earnings per share. This beat revenue expectation by $523,000 and missed earnings estimates by -$.31.
In the last 3 years, CHMG stock traded as high as $53.43 and as low as $33.72.
The top ETF exchange traded funds that CHMG belongs to (by Net Assets): VTI, IWM, VXF, IWN, BSVO.
CHMG has underperformed the market in the last year with a price return of +2.6% while the SPY ETF gained +33.6%. CHMG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -14.7% and +0.9%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
CHMG support price is $41.25 and resistance is $42.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CHMG stock will trade within this expected range on the day.