Chemung Financial Corp (NASDAQ:CHMG) Quarterly Sentiment Change Report

Sentiment for Chemung Financial Corp (NASDAQ:CHMG)

Chemung Financial Corp (NASDAQ:CHMG) institutional sentiment increased to 1.59 in 2018 Q3. Its up 0.20, from 1.39 in 2018Q2. The ratio is better, as 27 institutional investors opened new and increased holdings, while 17 sold and reduced positions in Chemung Financial Corp. The institutional investors in our partner’s database now hold: 1.64 million shares, up from 1.60 million shares in 2018Q2. Also, the number of institutional investors holding Chemung Financial Corp in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 6 Reduced: 11 Increased: 19 New Position: 8.

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 $198.04 million. It offers demand, savings, and time deposits; non-interest- and interest-bearing checking accounts; and insured money market accounts. It has a 16.93 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.

The stock increased 0.73% or $0.3 during the last trading session, reaching $41.2. About 4,662 shares traded. Chemung Financial Corporation (NASDAQ:CHMG) has declined 16.36% since January 14, 2018 and is downtrending. It has underperformed by 16.36% the S&P500.

Analysts await Chemung Financial Corporation (NASDAQ:CHMG) to report earnings on March, 4. They expect $1.03 EPS, up 49.28 % or $0.34 from last year’s $0.69 per share. CHMG’s profit will be $4.95 million for 10.00 P/E if the $1.03 EPS becomes a reality. After $1.11 actual EPS reported by Chemung Financial Corporation for the previous quarter, Wall Street now forecasts -7.21 % negative EPS growth.

Chemung Canal Trust Co holds 3.92% of its portfolio in Chemung Financial Corporation for 416,407 shares. Basswood Capital Management L.L.C. owns 239,789 shares or 0.47% of their US portfolio. Moreover, Alpine Woods Capital Investors Llc has 0.04% invested in the company for 5,000 shares. The Texas-based Bridgeway Capital Management Inc has invested 0.02% in the stock. First Manhattan Co, a New York-based fund reported 95,765 shares.

Since January 1, 0001, it had 1 insider purchase, and 5 selling transactions for $411,207 activity.

Chemung Financial Corporation (NASDAQ:CHMG) Institutional Positions Chart

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