Chemung Financial (NASDAQ:CHMG – Get Free Report) posted its quarterly earnings data on Tuesday. The bank reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.06, Yahoo Finance reports. The company had revenue of $38.28 million during the quarter, compared to the consensus estimate of $24.00 million. Chemung Financial had a net margin of 16.02% and a return on equity of 11.33%.
Chemung Financial Stock Down 0.4 %
Shares of NASDAQ:CHMG traded down $0.18 during midday trading on Thursday, hitting $47.00. The stock had a trading volume of 6,693 shares, compared to its average volume of 9,772. The company has a market cap of $223.34 million, a P/E ratio of 9.04 and a beta of 0.15. Chemung Financial has a 12 month low of $38.89 and a 12 month high of $51.36. The business’s 50-day simple moving average is $47.00 and its 200-day simple moving average is $45.16. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.42.
Chemung Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Thursday, September 19th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Thursday, September 19th. Chemung Financial’s payout ratio is presently 23.75%.
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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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