Chemung Financial Director Sells $28,600 in Stock (CHMG)
Chemung Financial (NASDAQ:CHMG) Director Robert H. Dalrymple sold 1,000 shares of the stock on the open market in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $28.60, for a total transaction of $28,600.00. Following the completion of the sale, the director now directly owns 242,661 shares of the company’s stock, valued at approximately $6,940,105. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Chemung Financial (NASDAQ:CHMG) traded up 0.59% during mid-day trading on Friday, hitting $28.85. 1,987 shares of the company’s stock traded hands. Chemung Financial has a 52-week low of $26.81 and a 52-week high of $36.00. The stock’s 50-day moving average is $28.01 and its 200-day moving average is $30.31. The company has a market cap of $133.1 million and a P/E ratio of 15.96.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Friday, June 13th.
Chemung Financial Corporation is a financial holding company. The Company was organized for the purpose of acquiring Chemung Canal Trust Company (NASDAQ:CHMG).
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