Chemung Financial Corp (CHMG): G. Thomas Jr. Tranter , director of Chemung Financial Corp purchased 1,125 shares on May 3, 2016. The Insider buying transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were purchased at $26.50 per share for a total value of $29,812.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 17, 2016, G. Thomas Jr. Tranter (director) purchased 2,000 shares at $26.50 per share price.On Nov 24, 2015, Robert H Dalrymple (director) sold 700 shares at $27.31 per share price.Also, On Jul 30, 2015, Clover M Drinkwater (director) purchased 1,000 shares at $26.79 per share price.On Jul 29, 2015, Melinda A Sartori (Executive Vice President) sold 1,410 shares at $26.30 per share price.
Chemung Financial Corp.: On Wednesday, May 4, 2016 heightened volatility was witnessed in Chemung Financial Corp. which led to swings in the share price. The shares opened for trading at $26.76 and hit $27.6 on the upside , eventually ending the session at $27.55, with a gain of 2.45% or 0.66 points. The heightened volatility saw the trading volume jump to 28,504 shares. The 52-week high of the share price is $28.5 and the company has a market cap of $129 M . The 52-week low of the share price is at $25.26.
Chemung Financial Corporation is a financial holding company of Chemung Canal Trust Company (the Bank) and a financial services subsidiary CFS Group Inc. The Company provides financial services such as insurance products mutual funds and brokerage services. The Company through its subsidiaries provides financial services including demand savings and time deposits commercial residential and consumer loans letters of credit wealth management services employee benefit plans securities insurance brokerage services brokerage services insurance and tax preparation services. The Company operates through two segments: core banking and wealth management services. The core banking segment attracts deposits from the general public and using such funds to originate consumer commercial commercial real estate and residential mortgage loans. The wealth management group services segment provides revenues by providing trust and investment advisory services to clients.