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. It offers demand, savings, and time deposits; non-interest and interest-bearing checking accounts; and insured money market accounts. The company also provides commercial and agricultural loans primarily consisting of loans to small to mid-sized businesses; commercial mortgage loans; residential mortgage loans; and consumer loans, including home equity lines of credit and home equity loans, as well as letters of credit. In addition, it offers wealth management services comprising services as executor and trustee under wills and agreements; 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. Further, the company provides mutual funds, securities and insurance brokerage, tax preparation, interest rate swaps, and other services. It operates through 34 branch offices located in 12 counties in New York and Bradford County in Pennsylvania. Chemung Financial Corporation was founded in 1833 and is headquartered in Elmira, New York.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:CHMG
Previous Symbol
CUSIPN/A
Phone607-737-3711
Debt
Debt-to-Equity Ratio0.03
Current Ratio0.91
Quick Ratio0.91
Price-To-Earnings
Trailing P/E Ratio18.62
Forward P/E Ratio12.07
P/E GrowthN/A
Sales & Book Value
Annual Sales$80.55 million
Price / Sales2.50
Cash Flow$3.4316 per share
Price / Cash12.21
Book Value$32.56 per share
Price / Book1.29
Profitability
EPS (Most Recent Fiscal Year)$2.25
Net Income$7.43 million
Net Margins13.51%
Return on Equity8.58%
Return on Assets0.76%
Miscellaneous
Employees371
Outstanding Shares4,810,000
Market Cap$208.38 million
OptionableNot Optionable
Chemung Financial (NASDAQ:CHMG) Frequently Asked Questions
What is Chemung Financial's stock symbol?
Chemung Financial trades on the NASDAQ under the ticker symbol "CHMG."
How often does Chemung Financial pay dividends? What is the dividend yield for Chemung Financial?
Chemung Financial announced a quarterly dividend on Thursday, August 16th. Shareholders of record on Monday, September 17th will be given a dividend of $0.26 per share on Monday, October 1st. This represents a $1.04 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Friday, September 14th. View Chemung Financial's Dividend History.
How were Chemung Financial's earnings last quarter?
Chemung Financial Corp. (NASDAQ:CHMG) posted its earnings results on Thursday, October, 18th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.93 by $0.18. The bank earned $22.46 million during the quarter, compared to analysts' expectations of $20.81 million. Chemung Financial had a return on equity of 8.58% and a net margin of 13.51%. View Chemung Financial's Earnings History.
When is Chemung Financial's next earnings date?
What price target have analysts set for CHMG?
2 equities research analysts have issued twelve-month price objectives for Chemung Financial's shares. Their predictions range from $47.00 to $51.00. On average, they anticipate Chemung Financial's stock price to reach $49.00 in the next twelve months. This suggests a possible upside of 16.9% from the stock's current price. View Analyst Price Targets for Chemung Financial.
What is the consensus analysts' recommendation for Chemung Financial?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chemung Financial in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Chemung Financial.
Has Chemung Financial been receiving favorable news coverage?
Media stories about CHMG stock have trended somewhat positive recently, InfoTrie reports. The research group scores the sentiment of news 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 closest to five being the most favorable. Chemung Financial earned a news sentiment score of 0.9 on InfoTrie's scale. They also assigned media headlines about the bank a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days.
Who are some of Chemung Financial's key competitors?
Some companies that are related to Chemung Financial include Central Pacific Financial (CPF), Bryn Mawr Bank (BMTC), Community Trust Bancorp (CTBI), Lakeland Bancorp (LBAI), Byline Bancorp (BY), Guaranty Bancorp (GBNK), Great Southern Bancorp (GSBC), Live Oak Bancshares (LOB), Carolina Financial (CARO), TrustCo Bank Corp NY (TRST), Univest Co. of Pennsylvania (UVSP), Tristate Capital (TSC), Stock Yards Bancorp (SYBT), First Foundation (FFWM) and German American Bancorp. (GABC).
Who are Chemung Financial's key executives?
Chemung Financial's management team includes the folowing people:
- Mr. Anders M. Tomson, Pres, CEO & Director (Age 51)
- Mr. Karl F. Krebs, Exec. VP, Treasurer & CFO (Age 62)
- Mr. Thomas W. Wirth CFA, Exec. VP of Wealth Management Group (Age 52)
- Ms. Karen R. Makowski, Chief Risk Officer & Exec. VP (Age 61)
- Mr. Louis C. Difabio, Exec. VP of Bus. Client Services (Age 54)
Who are Chemung Financial's major shareholders?
Chemung Financial's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Chemung Canal Trust Co. (8.68%), BlackRock Inc. (3.47%), First Manhattan Co. (2.00%), Renaissance Technologies LLC (1.47%), Dimensional Fund Advisors LP (0.76%) and Martingale Asset Management L P (0.15%). Company insiders that own Chemung Financial stock include David J Dalrymple, David M Buicko, G Thomas Jr Tranter, Karen R Makowski, Karl Francis Krebs, Kimberly A Hazelton, Robert H Dalrymple, Ronald M Bentley, Stephen M Lounsberry III 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 Chemung Canal Trust Co., First Manhattan Co., Acadian Asset Management LLC and Martingale Asset Management L P. Company insiders that have sold Chemung Financial company stock in the last year include Karl Francis Krebs, Robert H Dalrymple, Stephen M Lounsberry III and Thomas W Wirth. View Insider Buying and Selling for Chemung Financial.
Which institutional investors are buying Chemung Financial stock?
CHMG stock was purchased by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Renaissance Technologies LLC, Alpine Woods Capital Investors LLC, BlackRock Inc. and Ramsey Quantitative Systems. Company insiders that have bought Chemung Financial stock in the last two years include David J Dalrymple, David M Buicko and G Thomas Jr Tranter. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Chemung Financial's stock price today?
One share of CHMG stock can currently be purchased for approximately $41.90.
How big of a company is Chemung Financial?
Chemung Financial has a market capitalization of $208.38 million and generates $80.55 million in revenue each year. The bank earns $7.43 million in net income (profit) each year or $2.25 on an earnings per share basis. Chemung Financial employs 371 workers across the globe.
What is Chemung Financial's official website?
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]
MarketBeat Community Rating for Chemung Financial (NASDAQ CHMG)
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.
