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CHMG

Chemung Financial

$42.20 /

+ (+0.00%)

17:26
01/22/20
01/22
17:26
01/22/20
17:26

Chemung Financial reports Q4 EPS 87c, consensus $1.04

Reports Q4 book value per share $37.35. "2019 was a year of mixed results for the corporation, largely dominated by the deterioration of two large commercial credits, both of which required a significant reserve allowance earlier in the calendar year. These previously reported, isolated incidents overshadowed our continuing focus on balance sheet quality, expense reduction through operating efficiencies and the increase of fee income generated by the portfolio expansion of our Wealth Management Group," said Anders Tomson, president & CEO. "We are optimistic that our community banking model will yield positive results in the coming year, and when coupled with strategic technology opportunities, continued enhancements to our delivery channels and an even greater emphasis on client attraction and retention, we expect to continue to deliver strong results to our constituent stakeholders."

CHMG Chemung Financial
$42.20 /

+ (+0.00%)

12/20/19
Fly Intel: Top five analyst initiations
12/20/19 Keefe Bruyette
Chemung Financial initiated with a Market Perform at Keefe Bruyette
08/26/19 DA Davidson
Chemung Financial initiated with a Neutral at DA Davidson
08/06/19 Janney Montgomery Scott
Chemung Financial upgraded to Buy from Neutral at Janney Montgomery Scott

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