Vincent Cutrona Sells Shares of CHMG

Vincent Cutrona, the Executive Vice President and President of the Canal Bank Division at CHMG, sold 98 shares of the company on June 24, 2026. The shares were sold at an average price of $74.4, bringing the total transaction value to $7,291.20. This transaction was not part of a pre-arranged trading plan.

Other Institutional Activity in CHMG

BlackRock, Inc. reduced its holdings in CHMG by 6,766 shares, bringing its total to 361,827 shares valued at approximately $19.47 million. Chemung Canal Trust Co also trimmed its position slightly by 74 shares, ending with 286,152 shares worth around $15.40 million. Dimensional Fund Advisors LP increased its stake by 2,172 shares to a total of 181,841 shares, valued at about $9.79 million. Vanguard Capital Management LLC opened a new position with 173,244 shares, valued at approximately $9.32 million. Meanwhile, Manufacturers Life Insurance Company added 18,171 shares, raising its holdings by 13% to 157,633 shares, worth about $8.48 million.

Chemung Financial Corporation Stock Down 8.8%

Shares of CHMG traded near $74.4 on Thursday. The company has a 52-week low and high that were not provided. The stock's performance metrics, such as market cap, P/E ratio, and beta, were not available.

Insider Buying and Selling at Chemung Financial Corporation

On June 24, 2026, Vincent Cutrona sold 98 shares of CHMG at $74.4 each, totaling $7,291.20. Earlier in the year, on April 27, 2026, Thomas Tyrrell sold 788 shares at an average price of $65.33. On February 27, 2026, several insiders, including Kimberly Hazelton, Loren Cole, and Mary Meisner, sold shares at $55.52 each.

Analysts Set New Price Targets

On January 28, 2026, Keefe, Bruyette & Woods maintained its hold rating on CHMG with a price target of $64. Piper Sandler has consistently held a hold rating, most recently setting a target of $50 on April 22, 2025. Analysts' consensus indicates a hold recommendation with a mean target price not disclosed.

About CHMG

CHMG is involved in financial services, offering a range of banking products and services. The company operates through various divisions, including the Canal Bank Division, providing personal and business banking solutions. The company is based in the United States.

Bottom Line

Vincent Cutrona's recent sale of CHMG shares is a notable transaction for investors following insider activity. While the sale may not indicate any specific outlook, it adds to the narrative of insider trading patterns at the company. As always, insider transactions are backward-looking and provide a glimpse into past actions rather than current intentions.