Insider Selling: David J. Dalrymple Sells 16,300 Shares of Chemung Financial Stock (CHMG)
Chemung Financial (NASDAQ:CHMG) Director David J. Dalrymple sold 16,300 shares of the stock on the open market in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $28.26, for a total transaction of $460,638.00. Following the completion of the transaction, the director now directly owns 9,765 shares of the company’s stock, valued at approximately $275,959. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Chemung Financial (NASDAQ:CHMG) traded up 0.60% during mid-day trading on Thursday, hitting $28.35. 4,118 shares of the company’s stock traded hands. Chemung Financial has a one year low of $26.81 and a one year high of $36.00. The stock’s 50-day moving average is $27.97 and its 200-day moving average is $28.5. The company has a market cap of $130.9 million and a P/E ratio of 17.18.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Monday, September 15th.
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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