Chemung Financial (CHMG) Expected to Post Quarterly Earnings on Tuesday

Key Points

• Chemung Financial is expected to report Q3 2026 results after the market closes on October 20, with analysts forecasting earnings of $1.94 per share and revenue of $31.87 million.
• The bank exceeded expectations in the prior quarter, reporting $1.82 EPS and $31.17 million in revenue, while analysts project full-year EPS of $7.54.
• Chemung Financial raised its quarterly dividend to $0.36 per share, or $1.44 annually, producing a 1.8% yield; analysts maintain a consensus “Moderate Buy” rating with an $87.75 price target.

Chemung Financial (NASDAQ:CHMG - Get Free Report) will likely be posting its Q3 2026 results after the market closes on Tuesday, October 20th. Analysts expect the company to announce earnings of $1.94 per share and revenue of $31.87 million for the quarter. Parties may visit the company's upcoming Q3 2026 earnings report for the latest details on the call scheduled for Wednesday, October 21, 2026 at 4:00 PM ET.

Chemung Financial (NASDAQ:CHMG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.77 by $0.05. The firm had revenue of $31.17 million during the quarter, compared to the consensus estimate of $30.52 million. Chemung Financial had a return on equity of 12.98% and a net margin of 20.68%. On average, analysts expect Chemung Financial to post $7.54 EPS for the current fiscal year and $8.10 EPS for the next fiscal year.

Chemung Financial Stock Performance

Shares of NASDAQ:CHMG opened at $80.90 on Tuesday. The business has a 50-day moving average of $82.51 and a two-hundred day moving average of $73.67. The firm has a market capitalization of $389.94 million, a PE ratio of 11.62 and a beta of 0.58. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.04 and a quick ratio of 1.03. Chemung Financial has a 12 month low of $49.82 and a 12 month high of $86.00.

Chemung Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $1.44 annualized dividend and a dividend yield of 1.8%. This is an increase from Chemung Financial's previous quarterly dividend of $0.34. Chemung Financial's dividend payout ratio is presently 20.69%.

Insider Transactions at Chemung Financial

In other Chemung Financial news, EVP Loren Cole sold 5,160 shares of the firm's stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $83.50, for a total value of $430,860.00. Following the transaction, the executive vice president directly owned 5,164 shares of the company's stock, valued at $431,194. This trade represents a 49.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 12.69% of the company's stock.

Analysts Set New Price Targets

CHMG has been the subject of a number of research reports. Zacks Research cut Chemung Financial from a "strong-buy" rating to a "hold" rating in a report on Monday, September 21st. Wall Street Zen lowered shares of Chemung Financial from a "buy" rating to a "hold" rating in a report on Saturday, October 3rd. Hovde Group initiated coverage on shares of Chemung Financial in a research report on Monday. They set a "market perform" rating and a $88.00 price target on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Chemung Financial from $77.00 to $81.00 and gave the company a "market perform" rating in a research report on Tuesday, July 28th. Finally, Raymond James Financial assumed coverage on shares of Chemung Financial in a research note on Tuesday, September 1st. They set an "outperform" rating and a $87.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Chemung Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.75.

About Chemung Financial

Chemung Financial Corporation is a bank holding company headquartered in Elmira, New York. Its principal subsidiary, Chemung Canal Trust Company, provides community banking and financial services to individuals, businesses, municipalities and nonprofit organizations.

The company's banking activities include deposit accounts, residential and commercial real estate lending, consumer loans, business loans, mortgages, cash-management services, online and mobile banking, and other treasury-management solutions.

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