NASDAQ:CHMG Chemung Financial (CHMG) Stock Price, News & Analysis $47.78 +0.28 (+0.59%) (As of 10/31/2024 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$47.78▼$48.2550-Day Range$45.24▼$48.7952-Week Range$39.00▼$51.36Volume11,151 shsAverage Volume9,761 shsMarket Capitalization$227.05 millionP/E Ratio9.67Dividend Yield2.60%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… Urgent: This election is rigged (Ad)If you missed it, my emergency election broadcast is now available - but will be removed soonClick here to watch it now. Chemung Financial Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks86th Percentile Overall ScoreCHMG MarketRank™: Chemung Financial scored higher than 86% of companies evaluated by MarketBeat, and ranked 200th out of 942 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 Growth9.15% 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 9.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.07.Price to Earnings Ratio vs. SectorThe P/E ratio of Chemung Financial is 9.67, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.63.Price to Book Value per Share RatioChemung Financial has a P/B Ratio of 1.16. 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 Shorted0.31% 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 0.9, 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 1.85%, indicating that investor sentiment is decreasing. Dividend2.5 / 5Dividend StrengthModerate 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. Sustainability and ESG3.2 / 5Environmental Score-0.51 Percentage of Shares Shorted0.31% 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 0.9, 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 1.85%, indicating that investor sentiment is decreasing. News and Social Media3.4 / 5News Sentiment1.06 News SentimentChemung Financial has a news sentiment score of 1.06. 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 is a higher news sentiment than the 0.60 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Chemung Financial this week, compared to 1 article on an average week.MarketBeat Follows3 people have added Chemung Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Company Ownership3.3 / 5Insider TradingSelling Shares 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. 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 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.comMan who Predicted Trump 2016 Win: “Prepare for Election Meltdown”Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.October 31, 2024 | Paradigm Press (Ad)Chemung 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.comChemung Financial Corporation Announces Quarterly DividendAugust 21, 2024 | globenewswire.comWith 32% ownership, Chemung Financial Corporation (NASDAQ:CHMG) has piqued the interest of institutional investorsAugust 16, 2024 | finance.yahoo.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 start of the year. Since then, CHMG stock has decreased by 4.1% and is now trading at $47.78. View the best growth stocks for 2024 here. How were Chemung Financial's earnings last quarter? Chemung Financial Co. (NASDAQ:CHMG) released its quarterly earnings results on Tuesday, October, 22nd. The bank reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.06. The bank had revenue of $38.28 million for the quarter, compared to analyst estimates of $24 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. (7.07%). 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 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 Earnings10/22/2024Today10/31/2024Fiscal Year End12/31/2024Next 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+2.3%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$5.22 Trailing P/E Ratio9.69 Forward P/E Ratio9.96 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$94.12 million Price / Sales2.42 Cash Flow$6.16 per share Price / Cash Flow7.78 Book Value$41.34 per share Price / Book1.16Miscellaneous Outstanding Shares4,752,000Free Float4,183,000Market Cap$227.57 million OptionableNot Optionable Beta0.15 Social Links These 7 Stocks Will Be Magnificent in 2024With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.Get This Free Report This page (NASDAQ:CHMG) was last updated on 10/31/2024 by MarketBeat.com Staff From Our PartnersTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT abou...Timothy Sykes | Sponsoredtop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. 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