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Sell every Stock except ONE (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden's Plan to Confiscate Your Cash? (Ad)
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Sell every Stock except ONE (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Sell every Stock except ONE (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden's Plan to Confiscate Your Cash? (Ad)
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Sell every Stock except ONE (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Sell every Stock except ONE (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden's Plan to Confiscate Your Cash? (Ad)
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Sell every Stock except ONE (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Sell every Stock except ONE (Ad)
NASDAQ:CHMG

Chemung Financial - CHMG Stock Forecast, Price & News

$46.52
+0.55 (+1.20%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$46.05
$46.53
50-Day Range
$40.88
$48.38
52-Week Range
$40.74
$49.50
Volume
2,099 shs
Average Volume
5,902 shs
Market Capitalization
$217.25 million
P/E Ratio
7.78
Dividend Yield
2.67%
Price Target
N/A

Chemung Financial MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.15% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.46
Upright™ Environmental Score
News Sentiment
1.41mentions of Chemung Financial in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$402,205 Sold Last Quarter
Proj. Earnings Growth
0.34%
From $5.91 to $5.93 Per Share

Overall MarketRank

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

2.88 out of 5 stars

Finance Sector

124th out of 926 stocks

State Commercial Banks Industry

29th out of 193 stocks

CHMG stock logo

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.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Chemung Financial in a research note on Tuesday, August 9th. They set a "hold" rating on the stock.

Chemung Financial Price Performance

CHMG Stock opened at $46.52 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.73 and a current ratio of 0.73. The company's fifty day moving average price is $45.03 and its 200-day moving average price is $45.74. Chemung Financial has a one year low of $40.74 and a one year high of $49.50. The company has a market capitalization of $217.25 million, a PE ratio of 7.78 and a beta of -0.01.

Chemung Financial (NASDAQ:CHMG - Get Rating) last announced its quarterly earnings results on Thursday, July 21st. The bank reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.51. Chemung Financial had a net margin of 29.76% and a return on equity of 13.92%. The company had revenue of $22.96 million for the quarter, compared to the consensus estimate of $22.58 million. On average, equities analysts anticipate that Chemung Financial will post 5.91 EPS for the current fiscal year.

Chemung Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Friday, June 17th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Thursday, June 16th. Chemung Financial's payout ratio is presently 20.74%.

Insider Buying and Selling at Chemung Financial

In other news, Director Ronald M. Bentley sold 4,522 shares of the company's stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $45.09, for a total transaction of $203,896.98. Following the sale, the director now directly owns 44,753 shares of the company's stock, valued at approximately $2,017,912.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Chemung Financial news, Director Denise V. Gonick acquired 1,000 shares of the company's stock in a transaction on Friday, June 3rd. The stock was acquired at an average cost of $44.95 per share, with a total value of $44,950.00. Following the purchase, the director now directly owns 4,187 shares of the company's stock, valued at approximately $188,205.65. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ronald M. Bentley sold 4,522 shares of the company's stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $45.09, for a total transaction of $203,896.98. Following the sale, the director now owns 44,753 shares in the company, valued at $2,017,912.77. The disclosure for this sale can be found here. Insiders sold 8,998 shares of company stock worth $402,205 in the last quarter. 12.25% of the stock is owned by corporate insiders.

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CHMG Stock News Headlines

Chemung Financial Corp - Stock Quote CHMG
Best Income Stocks to Buy for July 14th
Best Value Stocks to Buy for July 14th
Best Income Stocks To Buy For July 14
Best Income Stocks to Buy for June 8th
Chemung Financial declares $0.31 dividend
Chemung Financial: Q4 Earnings Insights
See More Headlines
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CHMG Company Calendar

Ex-Dividend for 7/1 Dividend
6/16/2022
Dividend Payable
7/01/2022
Last Earnings
7/21/2022
Today
8/14/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

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

Profitability

Net Income
$26.42 million
Pretax Margin
36.59%

Debt

Sales & Book Value

Annual Sales
$92.88 million
Cash Flow
$7.56 per share
Book Value
$45.34 per share

Miscellaneous

Free Float
4,101,000
Market Cap
$217.25 million
Optionable
Not Optionable
Beta
-0.01

Key Executives














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 stock has increased by 0.2% and is now trading at $46.52.
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 Thursday, October 20th 2022.
View our CHMG earnings forecast
.

How were Chemung Financial's earnings last quarter?

Chemung Financial Co. (NASDAQ:CHMG) issued its earnings results on Thursday, July, 21st. The bank reported $1.71 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.51. The bank earned $22.96 million during the quarter, compared to the consensus estimate of $22.58 million. Chemung Financial had a net margin of 29.76% and a trailing twelve-month return on equity of 13.92%.

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

Chemung Financial declared a quarterly dividend on Wednesday, May 18th. Investors of record on Friday, June 17th will be given a dividend of $0.31 per share on Friday, July 1st. This represents a $1.24 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Thursday, 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 2.67%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHMG will have a dividend payout ratio of 20.91% 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 shareholders include Chemung Canal Trust Co. (6.57%), Royce & Associates LP (1.56%), Renaissance Technologies LLC (1.18%) and UBS Group AG (0.02%). Insiders that own company stock include Anders Tomson, David M Buicko, Denise V Gonick, G Thomas Jr Tranter, Jeffrey B Streeter, Jeffrey B Streeter, 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 $46.52.

How much money does Chemung Financial make?

Chemung Financial (NASDAQ:CHMG) has a market capitalization of $217.25 million and generates $92.88 million in revenue each year. The bank earns $26.42 million in net income (profit) each year or $5.98 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 8/14/2022 by MarketBeat.com Staff

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