NASDAQ:CHMG - Chemung Financial Stock Price, Forecast & News

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

Chemung Financial declared a quarterly dividend on Thursday, February 20th. Stockholders of record on Wednesday, March 18th will be given a dividend of $0.26 per share on Wednesday, April 1st. This represents a $1.04 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Tuesday, March 17th. View Chemung Financial's Dividend History.

Chemung Financial Corp. (NASDAQ:CHMG) announced its quarterly earnings data on Wednesday, January, 22nd. The bank reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by $0.12. The bank earned $20.31 million during the quarter, compared to the consensus estimate of $20.42 million. Chemung Financial had a net margin of 17.94% and a return on equity of 8.79%. View Chemung Financial's Earnings History.

Chemung Financial is scheduled to release their next quarterly earnings announcement on Wednesday, April 15th 2020. View Earnings Estimates for Chemung Financial.

4 brokers have issued 1-year price targets for Chemung Financial's stock. Their forecasts range from $42.00 to $49.00. On average, they anticipate Chemung Financial's stock price to reach $45.50 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price. View Analyst Price Targets for Chemung Financial.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chemung Financial in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Chemung Financial.

News articles about CHMG stock have been trending negative this week, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Chemung Financial earned a daily sentiment score of -2.1 on InfoTrie's scale. They also assigned headlines about the bank a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an impact on the company's share price in the next several days. View News Stories for Chemung Financial.

Chemung Financial saw a drop in short interest in the month of January. As of January 15th, there was short interest totalling 23,100 shares, a drop of 17.8% from the December 31st total of 28,100 shares. Based on an average daily volume of 6,200 shares, the short-interest ratio is presently 3.7 days. Approximately 0.6% of the shares of the company are short sold. View Chemung Financial's Current Options Chain.

Some companies that are related to Chemung Financial include TrustCo Bank Corp NY (TRST), Univest Financial (UVSP), Byline Bancorp (BY), First Foundation (FFWM), Live Oak Bancshares (LOB), Heritage Commerce (HTBK), Customers Bancorp (CUBI), QCR (QCRH), Peoples Bancorp (PEBO), Tristate Capital (TSC), HarborOne Bancorp (HONE), Midland States Bancorp (MSBI), Luther Burbank (LBC), Merchants Bancorp (MBIN) and Bank of Marin Bancorp (BMRC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Chemung Financial investors own include R1 RCM (RCM), Skechers USA (SKX), NVIDIA (NVDA), AbbVie (ABBV), Eastman Chemical (EMN), General Mills (GIS), Kohl's (KSS), Domtar (UFS), Verizon Communications (VZ) and AeroVironment (AVAV).

Chemung Financial's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Chemung Canal Trust Co. (8.28%), Renaissance Technologies LLC (1.76%), State Street Corp (1.19%), Geode Capital Management LLC (1.00%), Alliancebernstein L.P. (0.64%) and Bank of New York Mellon Corp (0.51%). Company insiders that own Chemung Financial stock include Daniel D Fariello, David M Buicko, Denise V Gonick, G Thomas Jr Tranter, Jeffrey B Streeter, Karen R Makowski, Robert H Dalrymple, Stephen M Lounsberry III and Thomas W Wirth. View Institutional Ownership Trends for Chemung Financial.

CHMG stock was sold by a variety of institutional investors in the last quarter, including Bowling Portfolio Management LLC, Alliancebernstein L.P., Renaissance Technologies LLC, Bank of America Corp DE and LSV Asset Management. Company insiders that have sold Chemung Financial company stock in the last year include Daniel D Fariello and Thomas W Wirth. View Insider Buying and Selling for Chemung Financial.

CHMG stock was purchased by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Geode Capital Management LLC, State Street Corp, Barclays PLC, UBS Group AG, Bank of New York Mellon Corp, Jacobs Levy Equity Management Inc. and California Public Employees Retirement System. Company insiders that have bought Chemung Financial stock in the last two years include David M Buicko, Denise V Gonick, G Thomas Jr Tranter and Jeffrey B Streeter. View Insider Buying and Selling for 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.

One share of CHMG stock can currently be purchased for approximately $38.99.

Chemung Financial has a market capitalization of $189.10 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 374 workers across the globe.View Additional Information About Chemung Financial.

The official website for Chemung Financial is http://www.chemungcanal.com/.

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]