Chemung Financial (CHMG) to Release Quarterly Earnings on Thursday

Chemung Financial (NASDAQ:CHMG - Get Free Report) is projected to announce its Q2 2025 earnings results 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 released its quarterly earnings results on Friday, April 18th. The bank reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.22 by $0.04. The business had revenue of $25.71 million for the quarter, compared to analysts' expectations of $25.90 million. Chemung Financial had a return on equity of 10.47% and a net margin of 14.95%. 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 Performance

CHMG opened at $51.80 on Thursday. The stock has a market cap of $248.12 million, a P/E ratio of 10.93 and a beta of 0.37. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.89. The stock's 50 day simple moving average is $47.62 and its 200 day simple moving average is $47.64. Chemung Financial has a 1-year low of $40.71 and a 1-year high of $55.73.

Chemung Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 17th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Tuesday, June 17th. Chemung Financial's payout ratio is currently 27.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in Chemung Financial in the first quarter valued at $255,000. Empowered Funds LLC raised its position 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 purchasing an additional 1,616 shares during the period. Finally, AQR Capital Management LLC raised its position 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 purchasing an additional 2,638 shares during the period. Institutional investors and hedge funds own 47.50% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.