People In Business NASDAQ 5
Chemung Financial executive vice president Thomas W. Wirth sells 26 July 2017
NEWS BITES - PEOPLE IN BUSINESS
Chemung Financial (NASDAQ:CHMG) Executive Vice President Thomas W. Wirth sold 539 shares worth $US21,964 on July 25. The selling price was $US40.75.
HTTP link to original article
|Thomas W. Wirth (Reported Selling; trailing 12 months)|
|Month||No. of Shares||Price, USD||Value, USD|
|July 26, 2017||539||40.75||21,964|
Original news release
SECTION 1 BIOGRAPHY THOMAS W. WIRTH, EXECUTIVE VICE PRESIDENT
Thomas W. Wirth was promoted to Executive Vice President, Division Manager of the Wealth Management Group at Chemung Canal Trust Company in 2015. He began his career at Chemung Canal in 1987 and joined the Investment Department in 1990 as a Portfolio Manager and was elected Trust Investment Officer in 1993. In 1996, Mr. Wirth became the Finance/Asset/Liability Manager and Bank Portfolio Manager and was elected Assistant Vice President. In 1998, he was elected Vice President and in 1999 returned to the Investment Department as the Investment Services Department Manager, Senior Investment Officer and was promoted in 2004 to Senior Vice President.
SECTION 2 CHEMUNG FINANCIAL CORPORATION SCORECARD (NASDAQ:CHMG):
+ Chemung Financial Corporation is placed 872/2,260 in the BSS News Bites ranking of NASDAQ performers in the past year, a percentile ranking of 61.
2.1 Key Financials (All figures percent)
|CHMG||Revenue Growth||EPS Growth||Operating Margin||ROE|
2.2 Moving Annual Return (Trailing 12 months):
|CHMG||Close||Dividends||Capital Gain / (Loss) %||% Yield||Annual Return %|
|Last Traded Jul 26||$US41.49||$US1.04||29.5||3.2||32.7|
|1 Year ago||$US32.05||$US1.04||22.2||4||26.2|
|2 Years ago||$US26.22||$US1.04||(9.0)||3.6||-5.4|
2.3 Revenue and Net Profit
|Description||Annual ($US M)||3 years Avg ($US M)||3 years CAGR %|
CAGR = Compound Annual Growth Rate
2.4 Performance (All figures in %)
|Description||Annual||3 years Avg|
|Operating Profit Margin||25.7||24.7|
|Net Profit Margin||17.9||16.9|
|Return on Equity||7.0||6.7|
|Return on Assets||0.6||0.6|
2.5 High Performance Indicator:
|Description||Value||Rank In Market|
|Volatility %||1.3||In Top Quartile|
2.6 Present Value of $US1000 invested in the past
2.7 Trailing Price Change %
|Price Change %||1-Month||3-Month||1-Year|
2.8 Creation of shareholder value:
Since appointment as Executive Vice President: The present value of USD1,000 invested on the appointment date of September 03, 2015 at close price of $US26.20 is $US1,693, including a capital gain of $US584 and dividend reinvested of $US109.
- Market Capitalization has increased by $US74.5 million from $US121.8 million to $US196.3 million since appointment. This increase comprises cumulative retained earnings of $US9.7 million and Created Market Value of $US64.8 million. The Created Market Value multiple, defined by the change in MCap for every USD1 of retained earnings is exemplary at 7.7.
2.9 Market Position
Chemung Financial Corporation (NASDAQ:CHMG), NASDAQ's 202nd largest Bank by market cap, climbed $US4.36 (or 12%) year to date in 2017 to close at $US40.71. The stock has a 6-month USD relative strength of 81 which means in USD terms it is outperforming 81% of its 47,590 global peers. A price rise combined with a high relative strength is a bullish signal. Compared with the NASDAQ-100 Index which has risen 21.9% YTD, this is a relative price change of -9.9%. The average daily volume of 6,511 shares so far in 2017 was 0.8 times the average daily volume in 2016. In 2017 the market cap has jumped $US21.7 million.
2.10 Global Rank
Global Rank [out of 47,590 stocks]
|Total Assets (US$)||1.7B||7,370||Top|
|Net Profit (US$)||10M||14,466||Second|
|Return on Equity %||7.0||17,381||Second|
|Net Profit Margin %||17.9||6,386||Top|
|Price to Book||1.6||16,676||Second|
|PV$1000 (1Year) US$||1,314||12,989||Second|
|US$ Change (1Year) %||36.4||10,113||Top|
|Rel Strength 6 Mo (US$)||81||8,965||Top|
SECTION 3 OTHER DIRECTORS OF CHEMUNG FINANCIAL CORPORATION
Anders M. Tomson, Chief Executive Officer & President & Chief Operating Officer
David J. Dalrymple, Chairman
Potter John F, Director
Richard W. Swan, Director
William D. Eggers, Director
Stephen M. Lounsberry III, Director
Robert L. Storch, Director
Larry H. Becker, Director
Kevin B. Tully, Director
Eugene M. Sneeringer Jr., Director
Tyrrell Thomas R., Director
Bruce Walter Boyea, Director
Clover M. Drinkwater, Director
Tranter G. Thomas Jr., Director
Robert H. Dalrymple, Company Secretary & Vice President
Thomas W. Wirth, Executive Vice President
SECTION 4 CHEMUNG FINANCIAL CORPORATION ACTIVITIES
Chemung Financial Corporation is the holding company for Chemung Canal Trust Company, a full service commercial bank. The Bank attracts deposits from the general public and uses those funds to originate a variety of loans. Chemung Canal Trust operates in Chemung, Schuyler, Steuben, and Tioga counties, New York.
SECTION 5 RECENT NEWS OF CHEMUNG FINANCIAL CORPORATION DIRECTORS
10 July 2017
Chemung Financial director Potter John F awarded Phantom Stocks
Chemung Financial (NASDAQ:CHMG) director Potter John F, has been awarded Phantom Stocks on 368 shares at a transaction price of $US41.37. The transaction date was July 03. The shares last traded at $US40.86.
10 July 2017
Chemung Financial director Bruce Walter Boyea awarded Phantom Stocks
Chemung Financial (NASDAQ:CHMG) director Bruce Walter Boyea, has been awarded Phantom Stocks on 96 shares at a transaction price of $US41.37. The transaction date was July 03. The shares last traded at $US40.86.
07 July 2017
David J. Dalrymple starts twelfth year as Chemung Financial Chairman
David J. Dalrymple was appointed Chairman of Chemung Financial (NASDAQ:CHMG) eleven years ago on July 07, 2006. In the last 3 years the average annualized return to shareholders was 14.8%. The present value of USD1,000 (PV1000) invested 3 years ago is now $US1,519, a gain of $US369 and dividend reinvested of $US150.
06 July 2017
Anders M. Tomson starts third year as Chemung Financial CEO
Anders M. Tomson was appointed CEO of Chemung Financial (NASDAQ:CHMG) two years ago on July 06, 2015. The shares were up from US$26.7 to US$41.3 and the total annualized return to shareholders (TRS) since appointment is 28.6%. The present value of USD1,000 (PV1000) invested on the appointment date is now worth US$1,654, a gain of US$548 and dividend reinvested of US$107.