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NASDAQ:CHMGChemung Financial Stock Price, Forecast & News

$26.10
+1.17 (+4.69 %)
(As of 05/25/2020 04:00 PM ET)
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Today's Range
$25.10
Now: $26.10
$26.10
50-Day Range
$23.85
MA: $26.11
$29.72
52-Week Range
$21.75
Now: $26.10
$49.00
Volume2,352 shs
Average Volume9,515 shs
Market Capitalization$125.98 million
P/E Ratio9.32
Dividend Yield3.98%
Beta0.07
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.
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Beat the Market (BTM) Rank

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

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:CHMG
CUSIPN/A
Phone607-737-3711

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$87 million
Cash Flow$4.35 per share
Book Value$37.68 per share

Profitability

Net Income$15.61 million

Miscellaneous

Employees374
Market Cap$125.98 million
Next Earnings Date7/27/2020 (Estimated)
OptionableNot Optionable

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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 (WHO). 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) announced its quarterly earnings data on Monday, May, 4th. The bank reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 declared a quarterly dividend on Wednesday, May 20th. Stockholders 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 dividend 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 Wall Street analysts have issued 12 month price objectives for Chemung Financial's stock. 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?

Headlines about CHMG stock have been trending negative on Monday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Chemung Financial earned a media sentiment score of -2.0 on InfoTrie's scale. They also assigned news articles about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutChemung Financial.

Are investors shorting Chemung Financial?

Chemung Financial saw a drop in short interest during 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 short-interest ratio is currently 2.3 days. Currently, 0.6% of the shares of the company are short sold. View Chemung Financial's Current Options Chain.

Who are some of Chemung Financial's key 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 variety of retail and institutional investors. Top institutional shareholders 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 major 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 major investors are buying Chemung Financial stock?

CHMG stock was purchased 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 $125.98 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 5/25/2020 by MarketBeat.com Staff

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