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NASDAQ:CHMG

Chemung Financial (CHMG) Stock Price, News & Analysis

$42.25
-0.35 (-0.82%)
(As of 11:17 AM ET)
Today's Range
$42.25
$42.25
50-Day Range
$42.43
$50.17
52-Week Range
$33.72
$51.36
Volume
1,594 shs
Average Volume
7,228 shs
Market Capitalization
$199.42 million
P/E Ratio
8.00
Dividend Yield
2.93%
Price Target
$49.00

Chemung Financial MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
15.0% Upside
$49.00 Price Target
Short Interest
Healthy
0.56% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.51
Upright™ Environmental Score
News Sentiment
1.16mentions of Chemung Financial in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$32,041 Bought Last Quarter
Proj. Earnings Growth
9.88%
From $4.86 to $5.34 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.80 out of 5 stars

Finance Sector

77th out of 868 stocks

State Commercial Banks Industry

18th out of 184 stocks


CHMG stock logo

About Chemung Financial Stock (NASDAQ:CHMG)

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, insurance products, mutual fund, and brokerage services. In addition, the company provides annuities, brokerage, and tax preparation services. Further, 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. Chemung Financial Corporation was founded in 1833 and is headquartered in Elmira, New York.

CHMG Stock Price History

CHMG Stock News Headlines

Chemung Financial Corporation Announces Quarterly Dividend
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Chemung Financial Corporation Announces Quarterly Dividend
Chemung Financial Corp.
Chemung Financial (CHMG) Q4 Earnings Lag Estimates
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See More Headlines
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Company Calendar

Ex-Dividend for 1/2 Dividend
12/18/2023
Dividend Payable
1/02/2024
Last Earnings
1/25/2024
Today
3/01/2024
Ex-Dividend for 4/1 Dividend
3/15/2024
Dividend Payable
4/01/2024
Next Earnings (Estimated)
4/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:CHMG
Fax
N/A
Employees
340
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$49.00
High Stock Price Target
$49.00
Low Stock Price Target
$49.00
Potential Upside/Downside
+15.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$25 million
Pretax Margin
27.64%

Debt

Sales & Book Value

Annual Sales
$137.62 million
Cash Flow
$7.62 per share
Book Value
$35.57 per share

Miscellaneous

Free Float
4,171,000
Market Cap
$201.07 million
Optionable
Not Optionable
Beta
0.23
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Key Executives















CHMG Stock Analysis - Frequently Asked Questions

Should I buy or sell Chemung Financial stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chemung Financial in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research 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 target for 2024?

1 brokers have issued 12-month target prices for Chemung Financial's shares. Their CHMG share price targets range from $49.00 to $49.00. On average, they expect the company's share price to reach $49.00 in the next year. This suggests a possible upside of 15.0% 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 2024?

Chemung Financial's stock was trading at $49.80 at the beginning of the year. Since then, CHMG stock has decreased by 14.5% and is now trading at $42.60.
View the best growth stocks for 2024 here
.

Are investors shorting Chemung Financial?

Chemung Financial saw a drop in short interest in the month of February. As of February 15th, there was short interest totaling 20,000 shares, a drop of 17.4% from the January 31st total of 24,200 shares. Based on an average trading volume of 9,400 shares, the short-interest ratio is currently 2.1 days. Currently, 0.6% 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, April 18th 2024.
View our CHMG earnings forecast
.

How were Chemung Financial's earnings last quarter?

Chemung Financial Co. (NASDAQ:CHMG) released its earnings results on Thursday, January, 25th. The bank reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $1.17 by $0.36. The bank earned $23.77 million during the quarter, compared to the consensus estimate of $23.52 million. Chemung Financial had a trailing twelve-month return on equity of 13.23% and a net margin of 18.17%.

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

Chemung Financial announced a quarterly dividend on Wednesday, February 21st. Investors of record on Monday, March 18th will be given a dividend of $0.31 per share on Monday, April 1st. This represents a $1.24 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Friday, March 15th.
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 2.92%. The dividend payout ratio is 23.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHMG will have a dividend payout ratio of 23.22% 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).

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. (7.31%), Vanguard Group Inc. (3.87%), Dimensional Fund Advisors LP (2.60%), Bridgeway Capital Management LLC (1.18%), Citadel Advisors LLC (0.17%) and BNP Paribas Financial Markets (0.14%). Insiders that own company stock include 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CHMG) was last updated on 3/1/2024 by MarketBeat.com Staff