Chemung Financial (CHMG) to Release Earnings on Thursday

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

Chemung Financial (NASDAQ:CHMG - Get Free Report) last issued its earnings results on Friday, April 18th. The bank reported $1.26 EPS for the quarter, topping the consensus estimate of $1.22 by $0.04. Chemung Financial had a return on equity of 10.47% and a net margin of 14.95%. The business 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 Price Performance

NASDAQ CHMG traded down $0.06 during trading hours on Friday, hitting $52.38. The company had a trading volume of 8,856 shares, compared to its average volume of 13,981. Chemung Financial has a 52 week low of $40.71 and a 52 week high of $55.73. The firm has a 50 day simple moving average of $47.95 and a 200 day simple moving average of $47.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.89 and a current ratio of 0.89. The firm 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 business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 17th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $1.28 annualized dividend and a yield of 2.44%. Chemung Financial's dividend payout ratio is currently 27.00%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CHMG. Piper Sandler dropped their price target on Chemung Financial from $54.00 to $50.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Keefe, Bruyette & Woods dropped their price target on Chemung Financial from $60.00 to $55.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd.

Institutional Trading of Chemung Financial

Large investors have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of Chemung Financial during the 1st quarter valued at about $255,000. AQR Capital Management LLC raised its holdings in shares of Chemung Financial by 55.4% during the 1st quarter. AQR Capital Management LLC now owns 7,398 shares of the bank's stock valued at $352,000 after buying an additional 2,638 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Chemung Financial by 7.3% during the 1st quarter. Empowered Funds LLC now owns 23,894 shares of the bank's stock valued at $1,137,000 after buying an additional 1,616 shares in the last quarter. Institutional investors own 47.50% of the company's stock.

Chemung Financial Company Profile

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.