Dividend hikes from Unity Bancorp, Stock Yards Bancorp and Chemung Financial highlight their profitability, capital strength and income appeal.
Chemung Financial (CHMG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Chemung Financial Corporation is rated Buy due to strong commercial loan growth and balance sheet restructuring, driving a 54% share price increase over the past year. CHMG's net interest margin reached a six-year high at 3.67%, with 67% of interest-bearing assets now in higher-yielding commercial loans, supported by Western NY tech buildout. The stock trades at an 8% discount to the sector median and a 14% discount to close peers, despite projected EPS growth 11% above the sector median.
Chemung Financial (CHMG) came out with quarterly earnings of $1.82 per share, beating the Zacks Consensus Estimate of $1.7 per share. This compares to earnings of $1.31 per share a year ago.
Chemung Financial Corporation (CHMG) Shareholder/Analyst Call Prepared Remarks Transcript
Chemung Financial (CHMG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Chemung Financial (CHMG) have what it takes?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Chemung Financial (CHMG) have what it takes?
Chemung Financial (CHMG) came out with quarterly earnings of $1.91 per share, beating the Zacks Consensus Estimate of $1.63 per share. This compares to earnings of $1.26 per share a year ago.
Chemung Financial (CHMG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Chemung Financial (CHMG) have what it takes?
Chemung Financial (CHMG) came out with quarterly earnings of $1.61 per share, beating the Zacks Consensus Estimate of $1.6 per share. This compares to earnings of $1.24 per share a year ago.