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NASDAQ:CHMG

Chemung Financial Stock Forecast, Price & News

$34.41
-0.09 (-0.26 %)
(As of 11/25/2020 12:00 AM ET)
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Compare
Today's Range
$33.60
Now: $34.41
$34.41
50-Day Range
$30.29
MA: $34.93
$39.41
52-Week Range
$21.75
Now: $34.41
$45.77
Volume3,788 shs
Average Volume8,972 shs
Market Capitalization$160.25 million
P/E Ratio9.13
Dividend Yield3.01%
Beta0.09
Chemung Financial Corporation operates as the 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 mortgage loans; residential mortgage loans; consumer loans, including home equity lines of credit and home equity loans; and letters of credit, wealth management, employee benefit plans, and mutual fund services. In addition, the company provides guardian, custodian, and trustee services, as well as acts as an agent for pension, profit-sharing, and other employee benefit trusts; and various investment, pension, estate planning, and employee benefit administrative services. Further, it provides securities and insurance brokerage, tax preparation, and interest rate swap services. As of March 23, 2020, the company operated through 33 branch offices located in 12 counties in New York and Bradford County in Pennsylvania. Chemung Financial Corporation was founded in 1833 and is headquartered in Elmira, New York.
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Chemung Financial logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.86 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:CHMG
CUSIPN/A
Phone607-737-3711
Employees362

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$87 million
Cash Flow$4.41 per share
Book Value$42.30 per share

Profitability

Net Income$15.61 million

Miscellaneous

Market Cap$160.25 million
Next Earnings Date1/27/2021 (Estimated)
OptionableNot Optionable
$34.41
-0.09 (-0.26 %)
(As of 11/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Chemung Financial (NASDAQ:CHMG) Frequently Asked Questions

How has Chemung Financial's stock been impacted by COVID-19?

Chemung Financial's stock was trading at $26.80 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CHMG stock has increased by 28.4% and is now trading at $34.41.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Chemung Financial?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chemung Financial in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Chemung Financial
.

What stocks does MarketBeat like better than Chemung Financial?

Wall Street analysts have given Chemung Financial a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Chemung Financial wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Chemung Financial's next earnings date?

Chemung Financial is scheduled to release its next quarterly earnings announcement on Wednesday, January 27th 2021.
View our earnings forecast for Chemung Financial
.

How were Chemung Financial's earnings last quarter?

Chemung Financial Co. (NASDAQ:CHMG) announced its quarterly earnings results on Monday, October, 19th. The bank reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.52. Chemung Financial had a net margin of 21.06% and a return on equity of 9.54%.
View Chemung Financial's earnings history
.

How often does Chemung Financial pay dividends? What is the dividend yield for Chemung Financial?

Chemung Financial declared a quarterly dividend on Thursday, November 19th. Stockholders of record on Monday, December 21st will be given a dividend of $0.26 per share on Monday, January 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Friday, December 18th.
View Chemung Financial's dividend history
.

What price target have analysts set for CHMG?

2 equities research analysts have issued 12 month price objectives for Chemung Financial's shares. Their forecasts range from $37.00 to $49.00. On average, they anticipate Chemung Financial's share price to reach $43.00 in the next year. This suggests a possible upside of 25.0% from the stock's current price.
View analysts' price targets for Chemung Financial
.

Are investors shorting Chemung Financial?

Chemung Financial saw a increase in short interest in October. As of October 15th, there was short interest totaling 45,000 shares, an increase of 11.9% from the September 30th total of 40,200 shares. Based on an average trading volume of 8,000 shares, the short-interest ratio is currently 5.6 days. Currently, 1.2% of the company's shares are sold short.
View Chemung Financial's Short Interest
.

Who are some of Chemung Financial's key competitors?

What other stocks do shareholders of Chemung Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Chemung Financial investors own include NVIDIA (NVDA), R1 RCM (RCM), AbbVie (ABBV), Advanced Micro Devices (AMD), AeroVironment (AVAV), Cinemark (CNK), General Mills (GIS), Invesco (IVZ), Kohl's (KSS) and Skechers U.S.A. (SKX).

Who are Chemung Financial's key executives?

Chemung Financial's management team includes the following people:
  • Mr. Anders M. Tomson, Pres, CEO & Director (Age 53, Pay $739.29k)
  • Mr. Karl F. Krebs, CFO, Exec. VP & Treasurer (Age 64, Pay $382.93k)
  • Mr. Loren D. Cole, Exec. VP & Chief Information Officer (Age 47, Pay $298.85k)
  • Mr. Louis C. Difabio, Exec. VP of Bus. Client Services (Age 56, Pay $322.46k)
  • Ms. Kathleen S. McKillip, Assistant VP & Corp. Sec.
  • Ms. Pamela D. Burns, Sr. VP of HR
  • Mr. Norman R. Ward, SVP, Chief Auditor & Sr. Investment Officer (Age 70)
  • Mr. Thomas W. Wirth C.F.A., CFA, Exec. VP of Wealth Management Group (Age 54)
  • Ms. Catherine Beth Crandall J.D., CFP®, CTFA, Sr. VP of WMG Estate Admin.
  • Mr. Robert M. Pichette, Sr. VP of Commercial Lending

What is Chemung Financial's stock symbol?

Chemung Financial trades on the NASDAQ under the ticker symbol "CHMG."

Who are Chemung Financial's major shareholders?

Chemung Financial's stock is owned by many different institutional and retail investors. Top institutional investors include Chemung Canal Trust Co. (8.09%), BlackRock Inc. (3.70%), State Street Corp (1.27%), Morgan Stanley (0.83%), LSV Asset Management (0.40%) and QCI Asset Management Inc. NY (0.30%). Company insiders that own Chemung Financial stock include Anders Tomson, Daniel D Fariello, Denise V Gonick, G Thomas Jr Tranter, Jeffrey B Streeter, Karen R Makowski, Karl Francis Krebs, Loren D Cole, Ronald M Bentley and Thomas W Wirth.
View institutional ownership trends for Chemung Financial
.

Which institutional investors are selling Chemung Financial stock?

CHMG stock was sold by a variety of institutional investors in the last quarter, including Chemung Canal Trust Co., BlackRock Inc., Wells Fargo & Company MN, JPMorgan Chase & Co., and State Street Corp.
View insider buying and selling activity for Chemung Financial
.

Which institutional investors are buying Chemung Financial stock?

CHMG stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, QCI Asset Management Inc. NY, Janney Montgomery Scott LLC, and LSV Asset Management. Company insiders that have bought Chemung Financial stock in the last two years include Anders Tomson, Denise V Gonick, G Thomas Jr Tranter, Jeffrey B Streeter, Karl Francis Krebs, Loren D Cole, Ronald M Bentley, and Thomas W Wirth.
View insider buying and selling activity for Chemung Financial
.

How do I buy shares of Chemung Financial?

Shares of CHMG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Chemung Financial's stock price today?

One share of CHMG stock can currently be purchased for approximately $34.41.

How big of a company is Chemung Financial?

Chemung Financial has a market capitalization of $160.25 million and generates $87 million in revenue each year. The bank earns $15.61 million in net income (profit) each year or $3.20 on an earnings per share basis. Chemung Financial employs 362 workers across the globe.

What is Chemung Financial's official website?

The official website for Chemung Financial is www.chemungcanal.com.

How can I contact Chemung Financial?

Chemung Financial's mailing address is ONE CHEMUNG CANAL PLZ P O BOX 1522, ELMIRA NY, 14901. The bank can be reached via phone at 607-737-3711 or via email at [email protected]

This page was last updated on 11/25/2020 by MarketBeat.com Staff

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