NASDAQ:CHMG

Chemung Financial - CHMG Stock Forecast, Price & News

$47.71

-0.28 (-0.58%)

(As of 11/25/2022 08:57 PM ET)

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Today's Range: $47.31
▼
$48.00
50-Day Range: $41.21
▼
$47.99
52-Week Range: $40.74
▼
$48.75

Volume: 5,300 shs
Average Volume: 7,382 shs
Market Capitalization: $223.19 million

P/E Ratio: 8.05
Dividend Yield: 2.60%
Price Target: N/A

Chemung Financial MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.16% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.42
Upright™ Environmental Score
News Sentiment: 1.02
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
$45,917 Bought Last Quarter
Proj. Earnings Growth: -1.00%
From $6.02 to $5.96 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.65 out of 5 stars

Finance Sector

211th out of 892 stocks

State Commercial Banks Industry

48th out of 184 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Chemung Financial.

5.0

Short Interest

Percentage of Shares Shorted
0.16% of the float of Chemung Financial has been sold short.
Short Interest Ratio / Days to Cover
Chemung Financial has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Chemung Financial has recently decreased by 15.15%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Chemung Financial pays a meaningful dividend of 2.60%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Chemung Financial has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Chemung Financial is 20.91%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Chemung Financial will have a dividend payout ratio of 20.81% next year. This indicates that Chemung Financial will be able to sustain or increase its dividend.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Chemung Financial has received a 35.42% 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 Sustainability
The Environmental Impact score for Chemung Financial is -0.42.

2.8

News and Social Media Coverage

News Sentiment
Chemung Financial has a news sentiment score of 1.02. 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 0.85 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Chemung Financial this week, compared to 1 article on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Chemung Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $45,917.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
12.25% 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 Institutions
Only 35.39% of the stock of Chemung Financial is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Chemung Financial are expected to decrease by -1.00% in the coming year, from $6.02 to $5.96 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Chemung Financial is 8.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Chemung Financial is 8.05, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 174.43.
Price to Book Value per Share Ratio
Chemung Financial has a P/B Ratio of 1.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Chemung Financial (NASDAQ:CHMG) Stock

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 term loans; and interest rate swaps, letters of credit, wealth management, employee benefit plans, mutual fund, insurance products, and brokerage services. Further, it provides securities, insurance, and tax preparation services. Additionally, it offers 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. The company operates 31 branch offices located in 13 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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CHMG Stock News Headlines

November 23, 2022 | americanbankingnews.com

Joseph F. Iv Meade Buys 700 Shares of Chemung Financial Co. (NASDAQ:CHMG) Stock

November 20, 2022 | finance.yahoo.com

Chemung Financial's (NASDAQ:CHMG) Dividend Will Be $0.31

October 29, 2022 | finance.yahoo.com

Investing in Chemung Financial (NASDAQ:CHMG) five years ago would have delivered you a 1.5% gain

October 26, 2022 | nasdaq.com

Chemung Financial (NASDAQ:CHMG) shareholders have earned a 0.3% CAGR over the last five years

October 20, 2022 | finance.yahoo.com

Chemung Financial Corporation Reports Third Quarter 2022 Net Income of $6.5 million, or $1.37 per Share

October 20, 2022 | finance.yahoo.com

Chemung Financial (CHMG) Could Be a Great Choice

October 7, 2022 | finance.yahoo.com

Best Value Stocks to Buy for October 7th

September 16, 2022 | finance.yahoo.com

Why Chemung Financial (CHMG) is a Great Dividend Stock Right Now

September 13, 2022 | msn.com

Chemung Financial's Ex-Dividend Date Is Friday, Here's What You Need To Know

August 31, 2022 | finance.yahoo.com

Why Chemung Financial (CHMG) is a Top Dividend Stock for Your Portfolio

August 21, 2022 | nasdaq.com

Chemung Financial (NASDAQ:CHMG) Has Announced A Dividend Of $0.31

August 19, 2022 | finance.yahoo.com

Here's Why We Think Chemung Financial (NASDAQ:CHMG) Might Deserve Your Attention Today

August 16, 2022 | finance.yahoo.com

Chemung Financial (CHMG) is a Top Dividend Stock Right Now: Should You Buy?

July 29, 2022 | uk.investing.com

Chemung Financial Insider Sold Over $112K In Company Stock

July 28, 2022 | nasdaq.com

This is Why Chemung Financial (CHMG) is a Great Dividend Stock

July 28, 2022 | finance.yahoo.com

This is Why Chemung Financial (CHMG) is a Great Dividend Stock

July 21, 2022 | finance.yahoo.com

Chemung Financial Corporation Reports Second Quarter 2022 Net Income of $8.0 million, or $1.72 per Share

July 21, 2022 | finance.yahoo.com

Chemung Financial (CHMG) Q2 Earnings and Revenues Surpass Estimates

July 14, 2022 | morningstar.com

Chemung Financial Corp - Stock Quote CHMG

July 14, 2022 | uk.finance.yahoo.com

Best Income Stocks to Buy for July 14th

July 14, 2022 | finance.yahoo.com

Best Value Stocks to Buy for July 14th

July 14, 2022 | markets.businessinsider.com

Best Income Stocks To Buy For July 14

July 7, 2022 | finance.yahoo.com

What Type Of Shareholders Own The Most Number of Chemung Financial Corporation (NASDAQ:CHMG) Shares?

June 8, 2022 | finance.yahoo.com

Best Income Stocks to Buy for June 8th

June 3, 2022 | finance.yahoo.com

Chemung Financial (NASDAQ:CHMG) Is Due To Pay A Dividend Of US$0.31

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CHMG Company Calendar

Last Earnings: 10/20/2021
Ex-Dividend for 10/3 Dividend: 9/16/2022
Dividend Payable: 10/03/2022
Today: 11/27/2022
Ex-Dividend for 1/3 Dividend: 12/19/2022
Fiscal Year End: 12/31/2022
Dividend Payable: 1/03/2023
Next Earnings (Estimated): 1/25/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:CHMG
CUSIP: N/A
CIK: 763563
Web: www.chemungcanal.com
Phone: (607) 737-3711
Fax: N/A
Employees: 337
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $5.93
Trailing P/E Ratio: 8.05
Forward P/E Ratio: 7.93
P/E Growth: N/A
Net Income: $26.42 million
Net Margins: 28.81%
Pretax Margin: 36.90%
Return on Equity: 15.29%
Return on Assets: 1.12%

Debt

Debt-to-Equity Ratio: 0.03
Current Ratio: 0.78
Quick Ratio: 0.78

Sales & Book Value

Annual Sales: $92.88 million
Price / Sales: 2.40
Cash Flow: $7.57 per share
Price / Cash Flow: 6.30
Book Value: $33.24 per share
Price / Book: 1.44

Miscellaneous

Outstanding Shares: 4,678,000
Free Float: 4,105,000
Market Cap: $223.19 million
Optionable: Not Optionable
Beta: 0.03

Key Executives

Mr. Anders M. Tomson (Age 55)
Pres, CEO & Director
Comp: $858.63k

Mr. Karl F. Krebs (Age 66)
CFO, Exec. VP & Treasurer
Comp: $439.18k

Mr. Loren Dale Cole (Age 49)
Exec. VP & Chief Information Officer
Comp: $372.98k

Mr. Peter K. Cosgrove (Age 61)
EVP, Chief Credit Officer & Chief Risk Officer
Comp: $400.35k

Mr. Daniel D. Fariello (Age 45)
Pres of Capital Bank Division
Comp: $383.55k

Ms. Kathleen S. McKillip
VP & Corp. Sec.

Mr. Scott T. Heffner
Sr. VP & Director of Marketing

Ms. Pamela D. Burns
Sr. VP of HR & Chief Diversity Officer

Mr. Norman R. Ward (Age 72)
SVP, Chief Auditor & Sr. Investment Officer

Mr. Thomas W. Wirth C.F.A. (Age 56)
CFA, Exec. VP of Wealth Management Group at Chemung Canal Trust Company

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CHMG Stock - Frequently Asked Questions

How have CHMG shares performed in 2022?: Chemung Financial's stock was trading at $46.45 at the beginning of the year. Since then, CHMG shares have increased by 2.7% and is now trading at $47.71.
View the best growth stocks for 2022 here.
When is Chemung Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
View our CHMG earnings forecast.
How were Chemung Financial's earnings last quarter?: Chemung Financial Co. (NASDAQ:CHMG) announced its earnings results on Wednesday, October, 20th. The bank reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.23. The bank earned $22.80 million during the quarter, compared to analysts' expectations of $21.44 million. Chemung Financial had a net margin of 28.81% and a trailing twelve-month return on equity of 15.29%.
How often does Chemung Financial pay dividends? What is the dividend yield for Chemung Financial?: Chemung Financial announced a quarterly dividend on Wednesday, November 16th. Stockholders of record on Tuesday, December 20th will be paid a dividend of $0.31 per share on Tuesday, January 3rd. This represents a $1.24 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Monday, December 19th.
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 2.60%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHMG will have a dividend payout ratio of 20.81% 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 institutional and retail investors. Top institutional investors include Chemung Canal Trust Co. (7.43%), Vanguard Group Inc. (3.22%), Dimensional Fund Advisors LP (2.22%), Alliancebernstein L.P. (1.87%), First Manhattan Co. (1.37%) and Royce & Associates LP (1.34%). Insiders that own company stock include Anders Tomson, David M Buicko, Denise V Gonick, G Thomas Jr Tranter, Jeffrey B Streeter, Jeffrey B Streeter, Joseph F Iv Meade, Karl Francis Krebs, Kimberly A Hazelton, Loren D Cole, Robert H Dalrymple, Ronald M Bentley, 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 $47.71.
How much money does Chemung Financial make?: Chemung Financial (NASDAQ:CHMG) has a market capitalization of $223.19 million and generates $92.88 million in revenue each year. The bank earns $26.42 million in net income (profit) each year or $5.93 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 11/28/2022 by MarketBeat.com Staff

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