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 $25.84 -1.46 (-5.35 %) (As of 07/2/2020 04:00 PM ET) Add Compare Share Today's Range$25.84Now: $25.84▼$28.0150-Day Range$23.85MA: $26.16▼$30.9952-Week Range$21.75Now: $25.84▼$49.00Volume10,200 shsAverage Volume9,904 shsMarket Capitalization$124.81 millionP/E Ratio9.23Dividend Yield4.02%Beta0.09 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 66.4% from its current price of $25.84.Amount of Analyst CoverageChemung Financial has received no research coverage 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 178 “underperform” votes. (Add your “underperform” vote.)Community SentimentChemung Financial has received 58.75% “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 4.02%, 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 41.77% 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 $253,227.00 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 5.96% in the coming year, from $2.35 to $2.49 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Chemung Financial is 9.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.68.Price to Earnings Ratio vs. SectorThe P/E ratio of Chemung Financial is 9.23, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 16.33.Price to Book Value per Share RatioChemung Financial has a P/B Ratio of 0.69. 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 Ratio9.23 Forward P/E Ratio11.00 P/E GrowthN/A Sales & Book Value Annual Sales$87 million Price / Sales1.43 Cash Flow$4.35 per share Price / Cash Flow5.94 Book Value$37.68 per share Price / Book0.69Profitability 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$124.81 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 COVID-19 reached pandemic status according to the World Health Organization. Since then, CHMG stock has decreased by 3.6% and is now trading at $25.84. 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) released its earnings results on Monday, May, 4th. The bank reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by $0.24. The bank had revenue of $19.79 million for the quarter, compared to the consensus estimate of $19.62 million. Chemung Financial had a net margin of 15.75% and a return on equity of 7.43%. 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 given a dividend of $0.26 per share on Wednesday, July 1st. This represents a $1.04 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Tuesday, June 16th. View Chemung Financial's dividend history. What price target have analysts set for CHMG? 3 equities research analysts have issued twelve-month price objectives for Chemung Financial's shares. Their forecasts range from $37.00 to $49.00. On average, they expect Chemung Financial's share price to reach $43.00 in the next twelve months. This suggests a possible upside of 66.4% from the stock's current price. View analysts' price targets for Chemung Financial. Has Chemung Financial been receiving favorable news coverage? News coverage about CHMG stock has been trending negative recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Chemung Financial earned a coverage optimism score of -2.5 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an impact on the company's share price in the near future. View the latest news about Chemung Financial. Are investors shorting Chemung Financial? Chemung Financial saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 31,400 shares, an increase of 12.1% from the May 31st total of 28,000 shares. Based on an average daily trading volume, of 11,300 shares, the days-to-cover ratio is presently 2.8 days. Approximately 0.8% of the shares of the company are sold short. 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), Allegiance Bancshares (ABTX), Origin Bancorp (OBNK), HarborOne Bancorp (HONE), First Financial (THFF), Byline Bancorp (BY), QCR (QCRH), Univest Financial (UVSP), Tristate Capital (TSC), Horizon Bancorp (HBNC), Bank of Marin Bancorp (BMRC), Central Pacific Financial (CPF), Heritage Commerce (HTBK), Peoples Utah Bancorp (PUB) 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." 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 $25.84. How big of a company is Chemung Financial? Chemung Financial has a market capitalization of $124.81 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 7/3/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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