November 17, 2016 - By Linda Rogers · 0 Comments
Chemung Financial Corp (NASDAQ:CHMG) institutional sentiment increased to 2.33 in Q2 2016. Its up 0.70, from 1.63 in 2016Q1. The ratio increased, as 28 hedge funds started new and increased equity positions, while 12 sold and decreased their stock positions in Chemung Financial Corp. The hedge funds in our partner’s database now own: 1.15 million shares, up from 1.02 million shares in 2016Q1. Also, the number of hedge funds holding Chemung Financial Corp in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 7 Reduced: 5 Increased: 10 New Position: 18.
Chemung Financial Corporation is a bank holding company. The company has a market cap of $140.01 million. The Company, through its subsidiaries, Chemung Canal Trust Company and CFS Group, Inc. (CFS), provides a range of banking, financing, fiduciary and other financial services to its clients. It has a 15.82 P/E ratio. The Firm manages its activities through two divisions: core banking and Wealth Management Group (WMG).
About 448 shares traded hands. Chemung Financial Corp. (NASDAQ:CHMG) has risen 15.01% since April 15, 2016 and is uptrending. It has outperformed by 10.39% the S&P500.
According to Zacks Investment Research, “CHEMUNG FINANCIAL CORP. is a bank holding company, engaged thru the bank in full-service commercial and consumer banking and trust business.”
Chemung Canal Trust Co holds 3.17% of its portfolio in Chemung Financial Corp. for 454,841 shares. John G Ullman & Associates Inc owns 145,132 shares or 0.87% of their US portfolio. Moreover, Hutchin Hill Capital Lp has 0.04% invested in the company for 42,607 shares. The Texas-based Bridgeway Capital Management Inc has invested 0.02% in the stock. First Manhattan Co, a New York-based fund reported 105,835 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 5 buys, and 3 selling transactions for $39,872 net activity.
Chemung Financial Corporation, incorporated on January 2, 1985, is a bank holding company. The Company, through its subsidiaries, Chemung Canal Trust Company (the Bank) and CFS Group, Inc. (CFS), provides a range of banking, financing, fiduciary and other financial services to its clients. The Firm manages its activities through two divisions: core banking and Wealth Management Group (WMG). The core banking segment receives deposits from the general public and uses such funds to originate consumer, commercial, commercial real estate and residential mortgage loans, mainly in its local markets and to invest in securities. The WMG services segment provides trust and investment advisory services to clients. The Company’s financial services include demand, savings and time deposits, commercial, residential and consumer loans, interest rate swaps, letters of credit, wealth management services, employee benefit plans, insurance products, mutual funds and brokerage services. The Bank operates approximately 30 branch offices located in over 10 counties in New York and Bradford County in Pennsylvania. The Bank also operates under the name of its division, Capital Bank, with branch offices located in Albany and Saratoga counties in New York. The Bank provides wealth management services as executor and trustee under wills and agreements, and guardian, custodian, trustee and agent for pension, profit-sharing and other employee benefit trusts, as well as various investment, pension, estate planning and employee benefit administrative services.
More news for Chemung Financial Corp. (NASDAQ:CHMG) were recently published by: Stargazette.com, which released: “Chemung Financial Corp. reports improved earnings” on October 21, 2016. Globenewswire.com‘s article titled: “Chemung Financial Stock Rejoins Russell 2000 Index” and published on July 05, 2016 is yet another important article.
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By Linda Rogers