Chemung Financial Corp (NASDAQ:CHMG) Shifting Institutional Investors Sentiment

September 16, 2018 - By Michele Cranor

Sentiment for Chemung Financial Corp (NASDAQ:CHMG)

Chemung Financial Corp (NASDAQ:CHMG) institutional sentiment increased to 1.39 in Q2 2018. Its up 0.44, from 0.95 in 2018Q1. The ratio is more positive, as 25 institutional investors started new or increased stock positions, while 18 cut down and sold stakes in Chemung Financial Corp. The institutional investors in our partner’s database now possess: 1.60 million shares, up from 1.57 million shares in 2018Q1. Also, the number of institutional investors holding Chemung Financial Corp in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 3 Reduced: 15 Increased: 15 New Position: 10.

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 $197.06 million. It offers demand, savings, and time deposits; non-interest- and interest-bearing checking accounts; and insured money market accounts. It has a 23.35 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 0.61% or $0.25 during the last trading session, reaching $41.02. About 2,697 shares traded. Chemung Financial Corporation (NASDAQ:CHMG) has risen 7.71% since September 16, 2017 and is uptrending. It has underperformed by 7.91% the S&P500.

Chemung Canal Trust Co holds 5.12% of its portfolio in Chemung Financial Corporation for 423,976 shares. Basswood Capital Management L.L.C. owns 204,524 shares or 0.48% of their US portfolio. Moreover, Ativo Capital Management Llc has 0.29% invested in the company for 21,006 shares. The New York-based First Manhattan Co has invested 0.03% in the stock. Bridgeway Capital Management Inc, a Texas-based fund reported 46,891 shares.

Since January 1, 0001, it had 2 buys, and 6 sales for $518,900 activity.

Chemung Financial Corporation (NASDAQ:CHMG) Institutional Positions Chart

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