Chemung Financial (CHMG) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $53.50 to $53.92
• 50-Day Range: $46.87 to $54.10
• 52-Week Range: $40.71 to $55.73
• Volume: 3,883 shs
• Average Volume: 8,111 shs
• Market Capitalization: $258.28 million
• P/E Ratio: 23.04
• Dividend Yield: 2.37%
• Price Target: $54.50
• Consensus Rating: Hold

Chemung Financial Stock Analysis - MarketRank™

Chemung Financial scored higher than 86% of companies evaluated by MarketBeat, and ranked 233rd out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

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, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Chemung Financial has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 11.71%

Earnings Growth

Earnings for Chemung Financial are expected to grow by 11.71% in the coming year, from $5.38 to $6.01 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Chemung Financial is 23.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 270.95.

Price to Earnings Ratio vs. Sector

The P/E ratio of Chemung Financial is 23.04, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 229.12.

Price to Book Value per Share Ratio

Chemung Financial has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.95% 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 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Chemung Financial has recently decreased by 13.25%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Chemung Financial pays a meaningful dividend of 2.37%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Chemung Financial has only been increasing its dividend for 1 years.

Dividend Coverage

The dividend payout ratio of Chemung Financial is 54.70%. 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 21.30% next year. This indicates that Chemung Financial will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.2 / 5
• Environmental Score: -0.51

Percentage of Shares Shorted

0.95% 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 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Chemung Financial has recently decreased by 13.25%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.93

News Sentiment

Chemung Financial has a news sentiment score of 0.93. 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 lower news sentiment than the 1.23 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Chemung Financial this week, compared to 2 articles on an average week.

Search Interest

1 people have searched for CHMG on MarketBeat in the last 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Chemung Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $968,415.00 in company stock and sold $0.00 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.

CHMG Stock Analysis - Frequently Asked Questions

How have CHMG shares performed this year?

Chemung Financial's stock was trading at $48.81 at the beginning of the year. Since then, CHMG stock has increased by 10.5% and is now trading at $53.92.

How were Chemung Financial's earnings last quarter?

Chemung Financial Corp (NASDAQ:CHMG) released its quarterly earnings data on Thursday, July, 17th. The bank reported $1.31 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.31. The bank had revenue of $10.10 million for the quarter, compared to the consensus estimate of $26.26 million. Chemung Financial had a net margin of 8.19% and a trailing twelve-month return on equity of 10.67%.

Who are Chemung Financial's major shareholders?

Top institutional shareholders of Chemung Financial include Geode Capital Management LLC (1.95%), Bridgeway Capital Management LLC (1.59%), Acadian Asset Management LLC (1.54%) and Basswood Capital Management L.L.C. (1.47%). Insiders that own company stock include Jeffrey B Streeter, G Thomas Jr Tranter, Jeffrey P Kenefick, Loren D Cole, Thomas R Tyrrell, Thomas W Wirth, Joseph F Iv Meade, 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.

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), AU Optronics (AUOTY), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

• Record date for 7/1 Dividend: 6/17/2025
• Ex-Dividend for 7/1 Dividend: 6/17/2025
• Dividend Payable: 7/01/2025
• Last Earnings: 7/17/2025
• Today: 9/01/2025
• Record date for 10/1 Dividend: 9/17/2025
• Ex-Dividend for 10/1 Dividend: 9/17/2025
• Dividend Payable: 10/01/2025
• Next Earnings (Estimated): 10/28/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: BANKS - SOUTHEAST
• Sub-Industry: Banking
• Current Symbol: NASDAQ:CHMG
• CIK: 763563
• Web: www.chemungcanal.com
• Phone: (607) 737-3711
• Fax: N/A
• Employees: 340
• Year Founded: 1833

Price Target and Rating

• Average Price Target for Chemung Financial: $54.50
• High Price Target: $59.00
• Low Price Target: $50.00
• Potential Upside/Downside: +1.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.34
• Trailing P/E Ratio: 23.04
• Forward P/E Ratio: 10.02
• P/E Growth: N/A
• Net Income: $23.67 million
• Net Margins: 8.19%
• Pretax Margin: 9.95%
• Return on Equity: 10.67%
• Return on Assets: 0.86%

Debt

• Debt-to-Equity Ratio: 0.44
• Current Ratio: 1.00
• Quick Ratio: 1.00

Sales & Book Value

• Annual Sales: $150.79 million
• Price / Sales: 1.71
• Cash Flow: $5.87 per share
• Price / Cash Flow: 9.18
• Book Value: $45.25 per share
• Price / Book: 1.19

Miscellaneous

• Outstanding Shares: 4,790,000
• Free Float: 4,214,000
• Market Cap: $258.28 million
• Optionable: Not Optionable
• Beta: 0.38