NASDAQ:CHMG Chemung Financial (CHMG) Stock Price, News & Analysis $46.40 -0.38 (-0.81%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$46.00▼$47.4450-Day Range$43.90▼$50.4852-Week Range$38.64▼$51.36Volume8,230 shsAverage Volume9,107 shsMarket Capitalization$220.49 millionP/E Ratio8.89Dividend Yield2.67%Price Target$49.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSustainabilityTrends Get Chemung Financial alerts: Email Address Chemung Financial MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside5.6% Upside$49.00 Price TargetShort InterestHealthy0.25% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.51Upright™ Environmental ScoreNews Sentiment0.73Based on 3 Articles This WeekInsider TradingSelling Shares$33,922 Sold Last QuarterProj. Earnings Growth9.15%From $4.81 to $5.25 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.99 out of 5 starsFinance Sector230th out of 871 stocksState Commercial Banks Industry45th out of 177 stocks 1.0 Analyst's Opinion 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. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.25% 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 0.8, 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 8.24%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldChemung Financial pays a meaningful dividend of 2.64%, 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 23.75%. 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 23.62% next year. This indicates that Chemung Financial will be able to sustain or increase its dividend.Read more about Chemung Financial's dividend. Previous Next 3.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreChemung Financial has received a 33.89% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Home equity loans", "Debit cards", "Consumer savings accounts provided by brick and mortar banks", "Credit cards", and "Consumer transaction accounts provided by brick and mortar banks" products. See details.Environmental SustainabilityThe Environmental Impact score for Chemung Financial is -0.51. Previous Next 2.6 News and Social Media Coverage News SentimentChemung Financial has a news sentiment score of 0.73. 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 3 news articles for Chemung Financial this week, compared to 1 article on an average week.Search Interest1 people have searched for CHMG on MarketBeat in the last 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Chemung Financial insiders have sold 54.19% more of their company's stock than they have bought. Specifically, they have bought $22,000.00 in company stock and sold $33,922.00 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. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Chemung Financial are expected to grow by 9.15% in the coming year, from $4.81 to $5.25 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Chemung Financial is 8.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.25.Price to Earnings Ratio vs. SectorThe P/E ratio of Chemung Financial is 8.89, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 34.19.Price to Book Value per Share RatioChemung Financial has a P/B Ratio of 1.10. 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the Markets⭕ [URGENT] Buy Alert just triggeredMy absolute favorite stock just hit a critical "buy now" trigger price.Click here for the ticker >>> About Chemung Financial Stock (NASDAQ:CHMG)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.Read More CHMG Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CHMG Stock News HeadlinesAugust 9, 2024 | insidertrades.comG. Thomas Jr. Tranter Purchases 500 Shares of Chemung Financial Co. (NASDAQ:CHMG) StockAugust 8, 2024 | insidertrades.comThomas W. Wirth Sells 764 Shares of Chemung Financial Co. (NASDAQ:CHMG) StockSeptember 7, 2024 | Weiss Ratings (Ad)“Fed Proof” Your Bank Account with THESE 4 Simple StepsStarting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.September 4 at 5:17 AM | americanbankingnews.comChemung Financial Co. (NASDAQ:CHMG) Short Interest Up 8.2% in AugustAugust 31, 2024 | americanbankingnews.comChemung Financial (NASDAQ:CHMG) Shares Cross Above 200-Day Moving Average of $43.83August 21, 2024 | globenewswire.comChemung Financial Corporation Announces Quarterly DividendAugust 16, 2024 | finance.yahoo.comWith 32% ownership, Chemung Financial Corporation (NASDAQ:CHMG) has piqued the interest of institutional investorsJuly 25, 2024 | msn.comChemung County Fair to return for 182nd yearSeptember 7, 2024 | Weiss Ratings (Ad)“Fed Proof” Your Bank Account with THESE 4 Simple StepsStarting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.July 21, 2024 | msn.comTraffic backed up on I-86 after crash in ChemungJuly 19, 2024 | markets.businessinsider.comKBW Issues a Hold Rating on Chemung Financial (CHMG)July 18, 2024 | globenewswire.comChemung Financial Corporation Reports Second Quarter 2024 Net Income of $5.0 million, or $1.05 per shareMay 21, 2024 | globenewswire.comChemung Financial Corporation Announces Quarterly DividendMay 10, 2024 | finance.yahoo.comChemung Financial First Quarter 2024 Earnings: EPS Beats ExpectationsMay 3, 2024 | yahoo.comChemung County Habitat for Humanity to hold Women Build 2024May 3, 2024 | yahoo.comChemung County Dept. of Aging to participate in Older Americans MonthApril 30, 2024 | yahoo.comRegistration open for Chemung County hazardous waste disposalApril 30, 2024 | yahoo.comChemung County Sheriff’s Office receives new training toolSee More Headlines 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 Company Calendar Ex-Dividend for 7/1 Dividend6/17/2024Dividend Payable7/01/2024Last Earnings7/18/2024Today9/07/2024Ex-Dividend for 10/1 Dividend9/19/2024Dividend Payable10/01/2024Next Earnings (Estimated)10/22/2024Fiscal Year End12/31/2024Get 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+5.6%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$5.22 Trailing P/E Ratio8.89 Forward P/E Ratio9.65 P/E GrowthN/ANet Income$25 million Net Margins16.02% Pretax Margin20.26% Return on Equity11.33% Return on Assets0.79% Debt Debt-to-Equity Ratio0.42 Current Ratio0.87 Quick Ratio0.87 Sales & Book Value Annual Sales$95.74 million Price / Sales2.30 Cash Flow$5.98 per share Price / Cash Flow7.76 Book Value$42.31 per share Price / Book1.10Miscellaneous Outstanding Shares4,752,000Free Float4,180,000Market Cap$220.49 million OptionableNot Optionable Beta0.17 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMr. Anders M. Tomson (Age 57)President, CEO & Director Comp: $995.38kMr. Loren Dale Cole (Age 51)Executive VP & Chief Information Officer Comp: $383.81kMr. Peter K. Cosgrove (Age 63)EVP, Chief Credit Officer & Chief Risk Officer Comp: $409.21kMr. Daniel D. Fariello (Age 47)President of Capital Bank Division Comp: $389.13kMr. Dale M. McKim III (Age 49)Executive VP, CFO & Treasurer Ms. Kathleen S. McKillipVP & Corporate SecretaryMr. Scott T. HeffnerSenior VP & Director of MarketingMs. Monica L. RidoshVP, Director of HR & Chief Diversity OfficerMr. Thomas W. Wirth C.F.A. (Age 58)Executive Vice President of Wealth Management Group at Chemung Canal Trust Company Comp: $305.86kMs. Catherine Beth Crandall J.D.CFP®, CTFA, Senior Vice President of WMG Estate AdministrationMore ExecutivesKey CompetitorsOak Valley BancorpNASDAQ:OVLYParke BancorpNASDAQ:PKBKC&F FinancialNASDAQ:CFFIBank of CommerceNASDAQ:BOCHInvestarNASDAQ:ISTRView All CompetitorsInsiders & InstitutionsDimensional Fund Advisors LPBought 5,584 shares on 8/9/2024Ownership: 2.781%Renaissance Technologies LLCBought 1,400 shares on 8/9/2024Ownership: 0.722%Bright Futures Wealth Management LLC.Bought 4,310 shares on 8/7/2024Ownership: 0.091%Acadian Asset Management LLCBought 2,054 shares on 8/6/2024Ownership: 0.571%G. Thomas Jr. TranterBought 500 shares on 8/6/2024Total: $22,000.00 ($44.00/share)View All Insider TransactionsView All Institutional Transactions 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 2024. Since then, CHMG stock has decreased by 6.8% and is now trading at $46.40. View the best growth stocks for 2024 here. How were Chemung Financial's earnings last quarter? Chemung Financial Co. (NASDAQ:CHMG) posted its earnings results on Thursday, July, 18th. The bank reported $1.05 EPS for the quarter, missing the consensus estimate of $1.12 by $0.07. The bank had revenue of $36.98 million for the quarter, compared to analysts' expectations of $24.08 million. Chemung Financial had a trailing twelve-month return on equity of 11.33% and a net margin of 16.02%. Who are Chemung Financial's major shareholders? Chemung Financial's top institutional investors include Chemung Canal Trust Co. (7.14%), Dimensional Fund Advisors LP (2.78%), Renaissance Technologies LLC (0.72%) and Acadian Asset Management LLC (0.57%). Insiders that own company stock include Ronald M Bentley, G Thomas Jr Tranter, Thomas R Tyrrell, Denise V Gonick, Thomas W Wirth, Joseph F Iv Meade, Loren D Cole, 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 NVIDIA (NVDA), R1 RCM (RCM), AbbVie (ABBV), Advanced Micro Devices (AMD), AeroVironment (AVAV), Cinemark (CNK) and General Mills (GIS). 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