NASDAQ:CHMG Chemung Financial (CHMG) Stock Price, News & Analysis $51.40 +0.77 (+1.52%) (As of 11/22/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSustainabilityTrends About Chemung Financial Stock (NASDAQ:CHMG) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Chemung Financial alerts:Sign Up Key Stats Today's Range$51.18▼$51.6150-Day Range$46.30▼$51.8652-Week Range$39.00▼$52.59Volume7,663 shsAverage Volume14,612 shsMarket Capitalization$244.66 millionP/E Ratio11.37Dividend Yield2.41%Price Target$49.00Consensus RatingHold Company OverviewChemung Financial Corporation operates as a bank holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services. The company provides demand, savings, and time deposits; non-interest and interest-bearing checking accounts; and insured money market accounts. It also offers commercial and agricultural loans comprising loans to small to mid-sized businesses; commercial and residential mortgage loans; and consumer loans, including home equity lines of credit and home equity term loans. In addition, the company provides interest rate swaps, letters of credit, employee benefit plans, insurance products, mutual fund, brokerage, and tax preparation services. Further, it offers guardian, custodian, trustee, investment, pension, estate planning, and employee benefit administrative services, as well as acts as an agent for pension, profit-sharing, and other employee benefit trusts. Chemung Financial Corporation was founded in 1833 and is headquartered in Elmira, New York.Read More… Breaking News: Tesla headed to $500… (Ad)That headline hit late last night…and the rally has begun Which is why we want to urge you to go ahead and download Lance’s e-Book now outlining his bullish case for Tesla. So to claim your free digital copy today, simply follow this link and enter your email address. Chemung Financial Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks80th Percentile Overall ScoreCHMG MarketRank™: Chemung Financial scored higher than 80% of companies evaluated by MarketBeat, and ranked 268th out of 920 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion1.0 / 5Analyst RatingHold Consensus RatingChemung Financial has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageChemung Financial has received no research coverage in the past 90 days.Read more about Chemung Financial's stock forecast and price target. Earnings and Valuation2.5 / 5Proj. Earnings Growth7.29% Earnings GrowthEarnings for Chemung Financial are expected to grow by 7.29% in the coming year, from $4.94 to $5.30 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Chemung Financial is 11.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.57.Price to Earnings Ratio vs. SectorThe P/E ratio of Chemung Financial is 11.37, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 40.22.Price to Book Value per Share RatioChemung Financial has a P/B Ratio of 1.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Chemung Financial's valuation and earnings. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted0.39% of the float of Chemung Financial has been sold short.Short Interest Ratio / Days to CoverChemung Financial has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Chemung Financial has recently increased by 25.45%, indicating that investor sentiment is decreasing significantly. Dividend2.5 / 5Dividend StrengthModerate Dividend YieldChemung Financial pays a meaningful dividend of 2.45%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthChemung Financial does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Chemung Financial is 27.43%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Chemung Financial will have a dividend payout ratio of 23.40% next year. This indicates that Chemung Financial will be able to sustain or increase its dividend.Read more about Chemung Financial's dividend. Sustainability and ESG3.2 / 5Environmental Score-0.51 Percentage of Shares Shorted0.39% of the float of Chemung Financial has been sold short.Short Interest Ratio / Days to CoverChemung Financial has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Chemung Financial has recently increased by 25.45%, indicating that investor sentiment is decreasing significantly. News and Social Media2.1 / 5News Sentiment0.85 News SentimentChemung Financial has a news sentiment score of 0.85. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Chemung Financial this week, compared to 1 article on an average week. Company Ownership2.5 / 5Insider TradingSelling Shares Insider Buying vs. Insider SellingIn the past three months, Chemung Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $51,210.00 in company stock.Percentage Held by Insiders12.04% of the stock of Chemung Financial is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions47.50% of the stock of Chemung Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Chemung Financial's insider trading history. Receive CHMG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Chemung Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address CHMG Stock News HeadlinesChemung Financial Co. (NASDAQ:CHMG) EVP Sells 1,000 SharesNovember 8, 2024 | insidertrades.comChemung Financial Corporation Announces Quarterly DividendNovember 19, 2024 | globenewswire.comA “Thank You Gift” From Pres. Trump - GeniusThe "Fake Media" has completely ignored Trump's genius "victory gift" to all America First patriots like you. A tax-free gift so powerful it could reshape the financial destinies of millions of IRA and 401(k) owners…November 23, 2024 | Colonial Metals (Ad)Chemung County sees more than 1,200 early votes on 1st dayOctober 26, 2024 | msn.comFirst cannabis dispensary license in Chemung County approved in ElmiraOctober 25, 2024 | msn.comChemung County to hold public hearing on ‘sticker shop’ crackdown lawOctober 23, 2024 | yahoo.comChemung Financial Corporation Reports Third Quarter 2024 Net Income of $5.7 million, or $1.19 per shareOctober 22, 2024 | finance.yahoo.comChemung Financial Corporation Reports Third Quarter 2024 Net Income of $5.7 million, or $1.19 per shareOctober 22, 2024 | globenewswire.comSee More Headlines CHMG Stock Analysis - Frequently Asked Questions How have CHMG shares performed this year? Chemung Financial's stock was trading at $49.80 at the beginning of the year. Since then, CHMG stock has increased by 3.2% and is now trading at $51.40. View the best growth stocks for 2024 here. How were Chemung Financial's earnings last quarter? Chemung Financial Co. (NASDAQ:CHMG) announced its quarterly earnings results on Tuesday, October, 22nd. The bank reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.06. The bank earned $38.28 million during the quarter, compared to analyst estimates of $24 million. Chemung Financial had a net margin of 14.56% and a trailing twelve-month return on equity of 10.60%. Who are Chemung Financial's major shareholders? Chemung Financial's top institutional shareholders include Chemung Canal Trust Co. (7.07%), Fourthstone LLC (6.57%), Geode Capital Management LLC (1.61%) and State Street Corp (1.03%). Insiders that own company stock include Ronald M Bentley, G Thomas Jr Tranter, Thomas R Tyrrell, Loren D Cole, Denise V Gonick, Thomas W Wirth, Joseph F Iv Meade, Jeffrey P Kenefick, Daniel D Fariello and Raimundo C Archibold Jr. View institutional ownership trends. How do I buy shares of Chemung Financial? Shares of CHMG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Chemung Financial own? Based on aggregate information from My MarketBeat watchlists, some other companies that Chemung Financial investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR). Company Calendar Ex-Dividend for 10/1 Dividend9/19/2024Dividend Payable10/01/2024Last Earnings10/22/2024Today11/23/2024Ex-Dividend for 1/2 Dividend12/19/2024Fiscal Year End12/31/2024Dividend Payable1/02/2025Next Earnings (Estimated)1/23/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryBanking Current SymbolNASDAQ:CHMG CUSIPN/A CIK763563 Webwww.chemungcanal.com Phone(607) 737-3711FaxN/AEmployees340Year FoundedN/APrice Target and Rating Average Stock Price Target$49.00 High Stock Price Target$49.00 Low Stock Price Target$49.00 Potential Upside/Downside-4.7%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$4.52 Trailing P/E Ratio11.37 Forward P/E Ratio10.40 P/E GrowthN/ANet Income$25 million Net Margins14.56% Pretax Margin18.39% Return on Equity10.60% Return on Assets0.78% Debt Debt-to-Equity Ratio0.24 Current Ratio0.87 Quick Ratio0.87 Sales & Book Value Annual Sales$137.62 million Price / Sales1.78 Cash Flow$6.10 per share Price / Cash Flow8.42 Book Value$46.37 per share Price / Book1.11Miscellaneous Outstanding Shares4,760,000Free Float4,186,000Market Cap$244.66 million OptionableNot Optionable Beta0.15 Social Links 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. 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