NASDAQ:CHMG Chemung Financial (CHMG) Stock Forecast, Price & News $37.94 +2.25 (+6.30%) (As of 06/2/2023 06:55 PM ET) Add Compare Share Share Today's Range$36.10▼$38.4650-Day Range$34.20▼$42.5052-Week Range$33.72▼$53.43Volume8,500 shsAverage Volume13,584 shsMarket Capitalization$178.70 millionP/E Ratio6.11Dividend Yield3.27%Price Target$49.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainability Chemung Financial MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside29.2% Upside$49.00 Price TargetShort InterestHealthy0.26% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.51Upright™ Environmental ScoreNews Sentiment1.38Based on 3 Articles This WeekInsider TradingAcquiring Shares$68,494 Bought Last QuarterProj. Earnings Growth0.37%From $5.47 to $5.49 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.70 out of 5 starsFinance Sector272nd out of 871 stocksState Commercial Banks Industry82nd out of 181 stocks 3.0 Analyst's Opinion Consensus RatingChemung Financial has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $49.00, Chemung Financial has a forecasted upside of 29.2% from its current price of $37.94.Amount of Analyst CoverageChemung Financial has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.26% of the float of Chemung Financial has been sold short.Short Interest Ratio / Days to CoverChemung Financial has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Chemung Financial has recently increased by 8.54%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldChemung Financial pays a meaningful dividend of 3.27%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthChemung Financial does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Chemung Financial is 19.97%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Chemung Financial will have a dividend payout ratio of 22.59% next year. This indicates that Chemung Financial will be able to sustain or increase its dividend. Previous Next 3.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreChemung Financial has received a 33.89% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Home equity loans", "Debit cards", "Consumer savings accounts provided by brick and mortar banks", "Credit cards", and "Consumer transaction accounts provided by brick and mortar banks" products. See details.Environmental SustainabilityThe Environmental Impact score for Chemung Financial is -0.51. Previous Next 3.0 News and Social Media Coverage News SentimentChemung Financial has a news sentiment score of 1.38. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Chemung Financial this week, compared to 1 article on an average week. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Chemung Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $68,494.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders12.25% of the stock of Chemung Financial is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 35.85% of the stock of Chemung Financial is held by institutions. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Chemung Financial are expected to grow by 0.37% in the coming year, from $5.47 to $5.49 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Chemung Financial is 6.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.98.Price to Earnings Ratio vs. SectorThe P/E ratio of Chemung Financial is 6.11, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 153.00.Price to Book Value per Share RatioChemung Financial has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Chemung Financial (NASDAQ:CHMG) StockChemung Financial Corp. is a holding company, which engages in the provision of banking, financing, fiduciary, and other financial services. It operates through the Core Banking and Wealth Management Services (WMG) segments. The Core Banking segment attracts deposits from the general public to originate consumer, commercial, commercial real estate, and residential mortgage loans, primarily in the local markets of the firm and to invest in securities. The WMG segment provides trust and investment advisory services to clients. The company was founded on January 2, 1985 and is headquartered in Elmira, NY.Read More Receive CHMG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Chemung Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address CHMG Stock News HeadlinesJune 2, 2023 | finance.yahoo.comChemung Canal Trust Company Appoints New Executive Vice President, Chief Financial Officer & TreasurerJune 2, 2023 | finance.yahoo.comChemung Canal Trust Company Appoints New Executive Vice President, Chief Financial Officer & TreasurerJune 5, 2023 | Edge On The Street (Ad)AI is Unstoppable. Now Is The Time!AI, or Artificial Intelligence, is all the rage right now. AI technologies are empowering users in every industry to increase sales, efficiency, and productivity. It's truly a case of adapt or fail.May 27, 2023 | americanbankingnews.comJeffrey P. Kenefick Purchases 817 Shares of Chemung Financial Co. (NASDAQ:CHMG) StockMay 21, 2023 | msn.comChemung Financial (CHMG) Declares $0.31 DividendMay 21, 2023 | americanbankingnews.comStockNews.com Initiates Coverage on Chemung Financial (NASDAQ:CHMG)April 23, 2023 | finance.yahoo.comChemung Financial Corporation Just Recorded A 13% EPS Beat: Here's What Analysts Are Forecasting NextApril 23, 2023 | americanbankingnews.comSierra Bancorp (NASDAQ:BSRR) vs. Chemung Financial (NASDAQ:CHMG) Head-To-Head ContrastJune 5, 2023 | Edge On The Street (Ad)AI is Unstoppable. Now Is The Time!AI, or Artificial Intelligence, is all the rage right now. AI technologies are empowering users in every industry to increase sales, efficiency, and productivity. It's truly a case of adapt or fail.April 21, 2023 | americanbankingnews.comComparing Silvergate Capital (NYSE:SI) and Chemung Financial (NASDAQ:CHMG)April 20, 2023 | finance.yahoo.comChemung Financial Corporation Reports First Quarter 2023 Net Income of $7.3 million, or $1.54 per ShareApril 20, 2023 | finance.yahoo.comChemung Financial Corporation Reports First Quarter 2023 Net Income of $7.3 million, or $1.54 per ShareApril 20, 2023 | finance.yahoo.comChemung Financial (CHMG) Q1 Earnings and Revenues Top EstimatesApril 18, 2023 | americanbankingnews.comChemung Financial (CHMG) to Release Earnings on WednesdayApril 10, 2023 | finance.yahoo.comThose who invested in Chemung Financial (NASDAQ:CHMG) three years ago are up 57%April 10, 2023 | americanbankingnews.comChemung Financial (NASDAQ:CHMG) PT Lowered to $49.00 at Keefe, Bruyette & WoodsApril 7, 2023 | msn.comKeefe, Bruyette & Woods Maintains Chemung Financial (CHMG) Market Perform RecommendationMarch 12, 2023 | finance.yahoo.comChemung Financial Corporation (NASDAQ:CHMG) Looks Interesting, And It's About To Pay A DividendFebruary 19, 2023 | finance.yahoo.comChemung Financial (NASDAQ:CHMG) Is Paying Out A Dividend Of $0.31February 8, 2023 | nasdaq.comFJ Capital Management Cuts Stake in Chemung Financial (CHMG)January 27, 2023 | finance.yahoo.comChemung Financial Full Year 2022 Earnings: Beats ExpectationsJanuary 26, 2023 | finance.yahoo.comChemung Financial (CHMG) Q4 Earnings and Revenues Surpass EstimatesJanuary 26, 2023 | msn.comChemung Financial Non-GAAP EPS of $1.58 beats by $0.11, revenue of $26.29M beats by $1.34MJanuary 26, 2023 | finance.yahoo.comChemung Financial Corporation Reports Annual Net Income of $28.8 million, or $6.13 per share, and Fourth Quarter 2022 Net Income of $7.4 million, or $1.58 per ShareDecember 31, 2022 | ca.finance.yahoo.comChemung Financial Corporation (NASDAQ:CHMG) most popular amongst individual investors who own 44% of the shares, institutions hold 22%November 20, 2022 | finance.yahoo.comChemung Financial's (NASDAQ:CHMG) Dividend Will Be $0.31October 29, 2022 | finance.yahoo.comInvesting in Chemung Financial (NASDAQ:CHMG) five years ago would have delivered you a 1.5% gainSee More Headlines CHMG Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CHMG Company Calendar Last Earnings10/20/2021Ex-Dividend for 4/3 Dividend3/17/2023Dividend Payable4/03/2023Today6/05/2023Ex-Dividend for 7/3 Dividend6/16/2023Dividend Payable7/03/2023Next Earnings (Estimated)7/20/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:CHMG CUSIPN/A CIK763563 Webwww.chemungcanal.com Phone(607) 737-3711FaxN/AEmployees337Year FoundedN/APrice Target and Rating Average Stock Price Forecast$49.00 High Stock Price Forecast$49.00 Low Stock Price Forecast$49.00 Forecasted Upside/Downside+29.2%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$6.21 Trailing P/E Ratio6.11 Forward P/E Ratio6.94 P/E GrowthN/ANet Income$28.78 million Net Margins26.19% Pretax Margin33.50% Return on Equity17.32% Return on Assets1.13% Debt Debt-to-Equity Ratio0.53 Current Ratio0.83 Quick Ratio0.83 Sales & Book Value Annual Sales$102.91 million Price / Sales1.74 Cash Flow$7.60 per share Price / Cash Flow4.99 Book Value$37.65 per share Price / Book1.01Miscellaneous Outstanding Shares4,710,000Free Float4,133,000Market Cap$178.70 million OptionableNot Optionable Beta0.11 Key ExecutivesAnders M. TomsonPresident, Chief Executive Officer & DirectorKarl Francis KrebsChief Financial Officer, Treasurer & EVPLoren Dale ColeChief Information Officer & Executive VPPeter K. CosgroveExecutive VP, Chief Credit & Risk OfficerThomas W. WirthExecutive Vice President-Wealth Management GroupKey CompetitorsCentral Valley Community BancorpNASDAQ:CVCYBlue Ridge BanksharesNASDAQ:BRBSFirst Western FinancialNASDAQ:MYFWColony BankcorpNASDAQ:CBANC&F FinancialNASDAQ:CFFIView All CompetitorsInsiders & InstitutionsJeffrey P KenefickBought 817 shares on 5/24/2023Total: $28,398.92 ($34.76/share)Royce & Associates LPSold 4,905 shares on 5/23/2023Ownership: 0.658%JPMorgan Chase & Co.Bought 5,893 shares on 5/18/2023Ownership: 0.125%Geode Capital Management LLCBought 384 shares on 5/16/2023Ownership: 0.730%State Street CorpSold 1,919 shares on 5/16/2023Ownership: 0.357%View All Insider TransactionsView All Institutional Transactions CHMG Stock - Frequently Asked Questions Should I buy or sell Chemung Financial stock right now? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chemung Financial in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CHMG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CHMG, but not buy additional shares or sell existing shares. View CHMG analyst ratings or view top-rated stocks. What is Chemung Financial's stock price forecast for 2023? 1 Wall Street research analysts have issued 12-month target prices for Chemung Financial's stock. Their CHMG share price forecasts range from $49.00 to $49.00. On average, they expect the company's stock price to reach $49.00 in the next year. This suggests a possible upside of 29.2% from the stock's current price. View analysts price targets for CHMG or view top-rated stocks among Wall Street analysts. How have CHMG shares performed in 2023? Chemung Financial's stock was trading at $45.87 on January 1st, 2023. Since then, CHMG shares have decreased by 17.3% and is now trading at $37.94. View the best growth stocks for 2023 here. Are investors shorting Chemung Financial? Chemung Financial saw a increase in short interest in May. As of May 15th, there was short interest totaling 8,900 shares, an increase of 8.5% from the April 30th total of 8,200 shares. Based on an average trading volume of 14,100 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company's shares are short sold. View Chemung Financial's Short Interest. When is Chemung Financial's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023. View our CHMG earnings forecast. How were Chemung Financial's earnings last quarter? Chemung Financial Co. (NASDAQ:CHMG) announced its quarterly earnings results on Wednesday, October, 20th. The bank reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.23. The bank had revenue of $22.80 million for the quarter, compared to the consensus estimate of $21.44 million. Chemung Financial had a trailing twelve-month return on equity of 17.32% and a net margin of 26.19%. How often does Chemung Financial pay dividends? What is the dividend yield for Chemung Financial? Chemung Financial announced a quarterly dividend on Wednesday, May 17th. Investors of record on Tuesday, June 20th will be given a dividend of $0.31 per share on Monday, July 3rd. This represents a $1.24 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, June 16th. Read our dividend analysis for CHMG. Is Chemung Financial a good dividend stock? Chemung Financial (NASDAQ:CHMG) pays an annual dividend of $1.24 per share and currently has a dividend yield of 3.27%. The dividend payout ratio is 19.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHMG will have a dividend payout ratio of 22.59% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CHMG. 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). 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 a variety of retail and institutional investors. Top institutional shareholders include Chemung Canal Trust Co. (7.36%), Fourthstone LLC (6.94%), Dimensional Fund Advisors LP (2.28%), First Manhattan CO. LLC. (1.27%), Basswood Capital Management L.L.C. (0.92%) and Acadian Asset Management LLC (0.73%). Insiders that own company stock include David M Buicko, Denise V Gonick, G Thomas Jr Tranter, Jeffrey B Streeter, Jeffrey B Streeter, Jeffrey P Kenefick, Joseph F Iv Meade, Kimberly A Hazelton, Loren D Cole, Robert H Dalrymple, Ronald M Bentley, Thomas R Tyrrell, Thomas W Wirth and Thomas W Wirth. View institutional ownership trends. How do I buy shares of Chemung Financial? Shares of CHMG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Chemung Financial's stock price today? One share of CHMG stock can currently be purchased for approximately $37.94. How much money does Chemung Financial make? Chemung Financial (NASDAQ:CHMG) has a market capitalization of $178.70 million and generates $102.91 million in revenue each year. The bank earns $28.78 million in net income (profit) each year or $6.21 on an earnings per share basis. How many employees does Chemung Financial have? The company employs 337 workers across the globe. How can I contact Chemung Financial? Chemung Financial's mailing address is ONE CHEMUNG CANAL PLZ P O BOX 1522, ELMIRA NY, 14901. The official website for the company is www.chemungcanal.com. The bank can be reached via phone at (607) 737-3711 or via email at kmckillip@chemungcanal.com. This page (NASDAQ:CHMG) was last updated on 6/5/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Chemung Financial Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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