NASDAQ:CHMGChemung Financial Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Chemung Financial Corp. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $26.10 +1.17 (+4.69 %) (As of 05/27/2020 08:43 AM ET) Add Compare Share Today's Range$25.10Now: $26.10▼$26.1050-Day Range$23.85MA: $26.10▼$29.7252-Week Range$21.75Now: $26.10▼$49.00Volume2,300 shsAverage Volume8,856 shsMarket Capitalization$126.06 millionP/E Ratio9.32Dividend Yield3.98%Beta0.07 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsSocial Media Chemung Financial Corporation operates as a bank. The bank offers demand deposits and interest and non-interest bearing time and savings deposits. It's deposits include jumbo deposits and retail time deposits. The bank provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases. The company offers consumer loans, including credit card loans, revolving credit plans, and automotive loans. The company offers commercial real estate loans for land development and on-site construction of industrial, commercial, residential, or farm buildings in the United States; real estate-backed residential loans; and commercial loans collateralized by real estate properties. The company offers domestic and foreign commercial and industrial loans. The company offers loans for the purpose of financing agricultural production; loans which include planned and unplanned overdrafts, to governments in non-U.S. countries, to their official institutions, and to international and regional institutions. For 2017, it has an asset value of 1.7 million USD. The bank has generated a net income of 7,430 USD in December 31, 2017. Chemung Financial Corporation was founded in 1833 and is based in Elmira, New York.Read More Beat the Market (BTM) Rank™ 3.3 Analyst's Opinion Consensus RatingChemung Financial has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $43.00, Chemung Financial has a potential upside of 64.8% from its current price of $26.10.Amount of Analyst CoverageChemung Financial has only been the subject of 1 research reports in the past 90 days. Previous Next 2.1 Community Rank Outperform VotesChemung Financial has received 125 “outperform” votes. (Add your “outperform” vote.)Underperform VotesChemung Financial has received 177 “underperform” votes. (Add your “underperform” vote.)Community SentimentChemung Financial has received 58.61% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Chemung Financial and other stocks. Vote “Outperform” if you believe CHMG will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CHMG will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 3.3 Dividend Strength Dividend LeadershipChemung Financial is a leading dividend payer. It pays a dividend yield of 3.98%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthChemung Financial does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Chemung Financial is 32.50 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Chemung Financial will have a dividend payout ratio of 41.94 % next year. This indicates that Chemung Financial will be able to sustain or increase its dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Chemung Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $537,083.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 19.04% of the stock of Chemung Financial is held by insiders.Percentage Held by Institutions36.90% of the stock of Chemung Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Chemung Financial are expected to grow by 10.22% in the coming year, from $2.25 to $2.48 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Chemung Financial is 9.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.53.Price to Earnings Ratio vs. SectorThe P/E ratio of Chemung Financial is 9.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.17.Price to Book Value per Share RatioChemung Financial has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.3Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™3.05 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry State commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:CHMG Previous Symbol CUSIPN/A CIK763563 Webwww.chemungcanal.com Phone607-737-3711Debt Debt-to-Equity Ratio0.06 Current Ratio0.90 Quick Ratio0.90Price-To-Earnings Trailing P/E Ratio9.32 Forward P/E Ratio11.60 P/E GrowthN/A Sales & Book Value Annual Sales$87 million Price / Sales1.45 Cash Flow$4.35 per share Price / Cash Flow6.00 Book Value$39.45 per share Price / Book0.66Profitability EPS (Most Recent Fiscal Year)$3.20 Net Income$15.61 million Net Margins15.75% Return on Equity7.43% Return on Assets0.76%Miscellaneous Employees374 Outstanding Shares4,830,000Market Cap$126.06 million Next Earnings Date7/27/2020 (Estimated) OptionableNot Optionable NASDAQ:CHMG Rates by TradingView Receive CHMG News and Ratings via Email Sign-up to receive the latest news and ratings for CHMG and its competitors with MarketBeat's FREE daily newsletter. Chemung Financial (NASDAQ:CHMG) Frequently Asked Questions How has Chemung Financial's stock been impacted by COVID-19 (Coronavirus)? Chemung Financial's stock was trading at $26.80 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CHMG stock has decreased by 2.6% and is now trading at $26.10. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Chemung Financial? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chemung Financial in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Chemung Financial. When is Chemung Financial's next earnings date? Chemung Financial is scheduled to release its next quarterly earnings announcement on Monday, July 27th 2020. View our earnings forecast for Chemung Financial. How were Chemung Financial's earnings last quarter? Chemung Financial Corp. (NASDAQ:CHMG) posted its quarterly earnings results on Monday, May, 4th. The bank reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.75 by $0.24. The bank earned $19.79 million during the quarter, compared to analysts' expectations of $19.62 million. Chemung Financial had a return on equity of 7.43% and a net margin of 15.75%. View Chemung Financial's earnings history. How often does Chemung Financial pay dividends? What is the dividend yield for Chemung Financial? Chemung Financial announced a quarterly dividend on Wednesday, May 20th. Investors of record on Wednesday, June 17th will be paid a dividend of $0.26 per share on Wednesday, July 1st. This represents a $1.04 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Tuesday, June 16th. View Chemung Financial's dividend history. What price target have analysts set for CHMG? 3 analysts have issued twelve-month price objectives for Chemung Financial's shares. Their forecasts range from $37.00 to $49.00. On average, they anticipate Chemung Financial's stock price to reach $43.00 in the next year. This suggests a possible upside of 64.8% from the stock's current price. View analysts' price targets for Chemung Financial. Has Chemung Financial been receiving favorable news coverage? Media coverage about CHMG stock has trended negative on Wednesday, InfoTrie Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Chemung Financial earned a coverage optimism score of -2.8 on InfoTrie's scale. They also assigned press coverage about the bank a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutChemung Financial. Are investors shorting Chemung Financial? Chemung Financial saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 23,900 shares, a drop of 19.3% from the April 15th total of 29,600 shares. Based on an average daily trading volume, of 10,500 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.6% of the company's stock are short sold. View Chemung Financial's Current Options Chain. Who are some of Chemung Financial's key competitors? Some companies that are related to Chemung Financial include Old Line Bancshares, Inc. (MD) (OLBK), Merchants Bancorp (MBIN), HarborOne Bancorp (HONE), First Financial (THFF), Heritage Commerce (HTBK), Univest Financial (UVSP), QCR (QCRH), Origin Bancorp (OBNK), Central Pacific Financial (CPF), Peoples Bancorp (PEBO), Byline Bancorp (BY), Bank of Marin Bancorp (BMRC), Horizon Bancorp (HBNC), Tristate Capital (TSC) and First Mid-Illinois Bancshares (FMBH). View all competitors. 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 Advanced Micro Devices (AMD), R1 RCM (RCM), Skechers USA (SKX), AbbVie (ABBV), Eastman Chemical (EMN), General Mills (GIS), Kohl's (KSS), NVIDIA (NVDA), Domtar (UFS) and Verizon Communications (VZ). Who are Chemung Financial's key executives? Chemung Financial's management team includes the following people: Mr. Anders M. Tomson, Pres, CEO & Director (Age 52)Mr. Karl F. Krebs, CFO & Treasurer (Age 63)Mr. Daniel D. Fariello, Pres of Capital Bank Division - Chemung Canal Trust Company (Age 42)Mr. Thomas W. Wirth C.F.A., CFA, Exec. VP of Wealth Management Group - Chemung Canal Trust Company (Age 53)Ms. Karen R. Makowski, Exec. VP & Chief Risk Officer - Chemung Canal Trust Company (Age 62) 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 number of institutional and retail investors. Top institutional investors include Chemung Canal Trust Co. (8.56%), BlackRock Inc. (3.94%), Basswood Capital Management L.L.C. (3.42%), First Manhattan Co. (1.76%), State Street Corp (1.21%) and Geode Capital Management LLC (1.06%). Company insiders that own Chemung Financial stock include Anders Tomson, Daniel D Fariello, Denise V Gonick, G Thomas Jr Tranter, Jeffrey B Streeter, Karen R Makowski, Karl Francis Krebs, Loren D Cole, Robert H Dalrymple, Ronald M Bentley and Thomas W Wirth. View institutional ownership trends for Chemung Financial. Which institutional investors are selling Chemung Financial stock? CHMG stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, New York State Common Retirement Fund, Morgan Stanley, UBS Group AG, Deutsche Bank AG, First Manhattan Co., and Bank of New York Mellon Corp. View insider buying and selling activity for Chemung Financial. Which institutional investors are buying Chemung Financial stock? CHMG stock was bought by a variety of institutional investors in the last quarter, including M3F Inc., Basswood Capital Management L.L.C., Chemung Canal Trust Co., Commonwealth Equity Services LLC, Russell Investments Group Ltd., BHZ Capital Management LP, Geode Capital Management LLC, and Wells Fargo & Company MN. Company insiders that have bought Chemung Financial stock in the last two years include Anders Tomson, Denise V Gonick, G Thomas Jr Tranter, Jeffrey B Streeter, Karl Francis Krebs, Loren D Cole, Ronald M Bentley, and Thomas W Wirth. View insider buying and selling activity for Chemung Financial. How do I buy shares of 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. What is Chemung Financial's stock price today? One share of CHMG stock can currently be purchased for approximately $26.10. How big of a company is Chemung Financial? Chemung Financial has a market capitalization of $126.06 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. What is Chemung Financial's official website? The official website for Chemung Financial is www.chemungcanal.com. How can I contact Chemung Financial? 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] This page was last updated on 5/27/2020 by MarketBeat.com Staff
