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NASDAQ:CHMG

Chemung Financial (CHMG) Stock Forecast, Price & News

$37.94
+2.25 (+6.30%)
(As of 06/2/2023 06:55 PM ET)
Compare
Today's Range
$36.10
$38.46
50-Day Range
$34.20
$42.50
52-Week Range
$33.72
$53.43
Volume
8,500 shs
Average Volume
13,584 shs
Market Capitalization
$178.70 million
P/E Ratio
6.11
Dividend Yield
3.27%
Price Target
$49.00

Chemung Financial MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
29.2% Upside
$49.00 Price Target
Short Interest
Healthy
0.26% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.51
Upright™ Environmental Score
News Sentiment
1.38mentions of Chemung Financial in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$68,494 Bought Last Quarter
Proj. Earnings Growth
0.37%
From $5.47 to $5.49 Per Share

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 stars

Finance Sector

272nd out of 871 stocks

State Commercial Banks Industry

82nd out of 181 stocks


CHMG stock logo

About Chemung Financial (NASDAQ:CHMG) Stock

Chemung 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.

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CHMG Stock News Headlines

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.
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.
Chemung Financial (CHMG) to Release Earnings on Wednesday
Chemung Financial's (NASDAQ:CHMG) Dividend Will Be $0.31
See More Headlines

CHMG Price History

CHMG Company Calendar

Last Earnings
10/20/2021
Ex-Dividend for 4/3 Dividend
3/17/2023
Dividend Payable
4/03/2023
Today
6/05/2023
Ex-Dividend for 7/3 Dividend
6/16/2023
Dividend Payable
7/03/2023
Next Earnings (Estimated)
7/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:CHMG
Fax
N/A
Employees
337
Year Founded
N/A

Price 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 Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$28.78 million
Pretax Margin
33.50%

Debt

Sales & Book Value

Annual Sales
$102.91 million
Cash Flow
$7.60 per share
Book Value
$37.65 per share

Miscellaneous

Free Float
4,133,000
Market Cap
$178.70 million
Optionable
Not Optionable
Beta
0.11

Key Executives

  • Anders M. Tomson
    President, Chief Executive Officer & Director
  • Karl Francis Krebs
    Chief Financial Officer, Treasurer & EVP
  • Loren Dale Cole
    Chief Information Officer & Executive VP
  • Peter K. Cosgrove
    Executive VP, Chief Credit & Risk Officer
  • Thomas W. WirthThomas W. Wirth
    Executive Vice President-Wealth Management Group













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

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