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Chemung Financial (CHMG) to Release Earnings on Thursday

Chemung Financial logo with Finance background

Chemung Financial (NASDAQ:CHMG - Get Free Report) is expected to be announcing its Q2 2025 earnings results before the market opens on Thursday, July 17th. Analysts expect the company to announce earnings of $1.33 per share and revenue of $26.26 million for the quarter.

Chemung Financial (NASDAQ:CHMG - Get Free Report) last released its quarterly earnings data on Friday, April 18th. The bank reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.04. Chemung Financial had a net margin of 14.95% and a return on equity of 10.47%. The company had revenue of $25.71 million during the quarter, compared to the consensus estimate of $25.90 million. On average, analysts expect Chemung Financial to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Chemung Financial Stock Down 0.1%

Shares of NASDAQ CHMG traded down $0.06 during trading on Friday, reaching $52.38. 8,856 shares of the stock were exchanged, compared to its average volume of 13,984. The business's 50-day moving average price is $47.95 and its 200 day moving average price is $47.66. Chemung Financial has a twelve month low of $40.71 and a twelve month high of $55.73. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $250.90 million, a price-to-earnings ratio of 11.05 and a beta of 0.37.

Chemung Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.44%. Chemung Financial's payout ratio is currently 27.00%.

Analyst Ratings Changes

A number of research firms have recently commented on CHMG. Piper Sandler reduced their target price on shares of Chemung Financial from $54.00 to $50.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Keefe, Bruyette & Woods reduced their target price on shares of Chemung Financial from $60.00 to $55.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd.

Read Our Latest Stock Report on Chemung Financial

Institutional Trading of Chemung Financial

Several institutional investors have recently added to or reduced their stakes in CHMG. Jane Street Group LLC acquired a new stake in Chemung Financial in the first quarter valued at $255,000. AQR Capital Management LLC raised its holdings in Chemung Financial by 55.4% in the first quarter. AQR Capital Management LLC now owns 7,398 shares of the bank's stock valued at $352,000 after acquiring an additional 2,638 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in Chemung Financial by 7.3% in the first quarter. Empowered Funds LLC now owns 23,894 shares of the bank's stock valued at $1,137,000 after acquiring an additional 1,616 shares in the last quarter. 47.50% of the stock is owned by institutional investors and hedge funds.

About Chemung Financial

(Get Free Report)

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.

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Earnings History for Chemung Financial (NASDAQ:CHMG)

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