Institutional Investors Are Buying Chemung Financial Corp (NASDAQ:CHMG)

June 20, 2017 - By Linda Rogers

 Institutional Investors Are Buying Chemung Financial Corp (NASDAQ:CHMG)

Sentiment for Chemung Financial Corp (NASDAQ:CHMG)

Chemung Financial Corp (NASDAQ:CHMG) institutional sentiment increased to 1.6 in 2016 Q4. Its up 0.22, from 1.38 in 2016Q3. The ratio improved, as 24 active investment managers increased and opened new stock positions, while 15 sold and decreased equity positions in Chemung Financial Corp. The active investment managers in our partner’s database now hold: 1.24 million shares, up from 1.20 million shares in 2016Q3. Also, the number of active investment managers holding Chemung Financial Corp in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 5 Reduced: 10 Increased: 15 New Position: 9.

Chemung Financial Corporation is a bank holding company. The company has market cap of $183.85 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 18.43 P/E ratio. The Firm manages its activities through two divisions: core banking and Wealth Management Group (WMG).

The stock increased 1.40% or $0.55 during the last trading session, reaching $39.76. About shares traded. Chemung Financial Corp. (NASDAQ:CHMG) has risen 23.97% since June 20, 2016 and is uptrending. It has outperformed by 7.27% the S&P500.

Investors wait Chemung Financial Corp. (NASDAQ:CHMG) to report on July, 20. its quarterly earnings

Chemung Canal Trust Co holds 3.84% of its portfolio in Chemung Financial Corp. for 449,506 shares. John G Ullman & Associates Inc owns 141,563 shares or 1.08% of their US portfolio. Moreover, Bridgeway Capital Management Inc has 0.02% invested in the company for 52,598 shares. The New York-based First Manhattan Co has invested 0.02% in the stock. Eagle Global Advisors Llc, a Texas-based fund reported 6,164 shares.#img1#

Since January 1, 0001, it had 3 buys, and 2 sales for $368,165 activity.

More important recent Chemung Financial Corp. (NASDAQ:CHMG) news were published by: Stargazette.com which released: “Chemung Financial Corporation appoints new CEO” on December 29, 2016, also Nasdaq.com published article titled: “Chemung Financial Corp (CHMG) Ex-Dividend Date Scheduled for June 15, 2017”, Globenewswire.com published: “Chemung Financial Corporation Board Names Anders Tomson as CEO” on December 23, 2016. More interesting news about Chemung Financial Corp. (NASDAQ:CHMG) was released by: Globenewswire.com and their article: “Chemung Financial Stock Rejoins Russell 2000 Index” with publication date: July 05, 2016.

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