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NASDAQ:CHMG

Chemung Financial (CHMG) Stock Price, News & Analysis

Chemung Financial logo
$51.40 +0.77 (+1.52%)
(As of 11/22/2024 ET)

About Chemung Financial Stock (NASDAQ:CHMG)

Key Stats

Today's Range
$51.18
$51.61
50-Day Range
$46.30
$51.86
52-Week Range
$39.00
$52.59
Volume
7,663 shs
Average Volume
14,612 shs
Market Capitalization
$244.66 million
P/E Ratio
11.37
Dividend Yield
2.41%
Price Target
$49.00
Consensus Rating
Hold

Company Overview

Chemung 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.

Chemung Financial Stock Analysis - MarketRank™

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80th Percentile Overall Score

CHMG 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.

  • Consensus Rating

    Chemung 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 Coverage

    Chemung Financial has received no research coverage in the past 90 days.

  • Read more about Chemung Financial's stock forecast and price target.
  • Earnings Growth

    Earnings 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 Market

    The 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. Sector

    The 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 Ratio

    Chemung 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.
  • Percentage of Shares Shorted

    0.39% of the float of Chemung Financial has been sold short.
  • Short Interest Ratio / Days to Cover

    Chemung 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 month

    Short interest in Chemung Financial has recently increased by 25.45%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Chemung Financial pays a meaningful dividend of 2.45%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Chemung Financial does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Chemung Financial is 27.43%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based 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.
  • Percentage of Shares Shorted

    0.39% of the float of Chemung Financial has been sold short.
  • Short Interest Ratio / Days to Cover

    Chemung 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 month

    Short interest in Chemung Financial has recently increased by 25.45%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Chemung 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 Week

    MarketBeat has tracked 4 news articles for Chemung Financial this week, compared to 1 article on an average week.
  • Insider Buying vs. Insider Selling

    In 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 Insiders

    12.04% 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 Institutions

    47.50% 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.
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CHMG Stock News Headlines

Chemung Financial Corporation Announces Quarterly Dividend
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CHMG Stock Analysis - Frequently Asked Questions

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
.

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%.

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
.

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.

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 Dividend
9/19/2024
Dividend Payable
10/01/2024
Last Earnings
10/22/2024
Today
11/23/2024
Ex-Dividend for 1/2 Dividend
12/19/2024
Fiscal Year End
12/31/2024
Dividend Payable
1/02/2025
Next Earnings (Estimated)
1/23/2025

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Banking
Current Symbol
NASDAQ:CHMG
Fax
N/A
Employees
340
Year Founded
N/A

Price 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 Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$25 million
Pretax Margin
18.39%

Debt

Sales & Book Value

Annual Sales
$137.62 million
Cash Flow
$6.10 per share
Book Value
$46.37 per share

Miscellaneous

Free Float
4,186,000
Market Cap
$244.66 million
Optionable
Not Optionable
Beta
0.15

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This page (NASDAQ:CHMG) was last updated on 11/23/2024 by MarketBeat.com Staff
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