S&P 500   4,283.74 (+0.23%)
DOW   33,999.04 (+0.06%)
QQQ   329.34 (+0.26%)
AAPL   174.10 (-0.26%)
MSFT   290.01 (-0.45%)
META   174.55 (-0.17%)
GOOGL   119.90 (+0.29%)
AMZN   142.33 (+0.16%)
TSLA   908.01 (-0.44%)
NVDA   187.96 (+2.51%)
NIO   19.88 (-1.00%)
BABA   90.55 (+0.87%)
AMD   100.38 (+2.15%)
MU   62.95 (+2.16%)
T   18.43 (+0.05%)
CGC   3.80 (-6.40%)
F   16.15 (+0.75%)
GE   79.23 (-0.86%)
DIS   122.67 (-0.11%)
AMC   19.37 (-9.32%)
PYPL   99.85 (+0.43%)
PFE   48.59 (-1.38%)
NFLX   244.81 (+1.52%)
S&P 500   4,283.74 (+0.23%)
DOW   33,999.04 (+0.06%)
QQQ   329.34 (+0.26%)
AAPL   174.10 (-0.26%)
MSFT   290.01 (-0.45%)
META   174.55 (-0.17%)
GOOGL   119.90 (+0.29%)
AMZN   142.33 (+0.16%)
TSLA   908.01 (-0.44%)
NVDA   187.96 (+2.51%)
NIO   19.88 (-1.00%)
BABA   90.55 (+0.87%)
AMD   100.38 (+2.15%)
MU   62.95 (+2.16%)
T   18.43 (+0.05%)
CGC   3.80 (-6.40%)
F   16.15 (+0.75%)
GE   79.23 (-0.86%)
DIS   122.67 (-0.11%)
AMC   19.37 (-9.32%)
PYPL   99.85 (+0.43%)
PFE   48.59 (-1.38%)
NFLX   244.81 (+1.52%)
S&P 500   4,283.74 (+0.23%)
DOW   33,999.04 (+0.06%)
QQQ   329.34 (+0.26%)
AAPL   174.10 (-0.26%)
MSFT   290.01 (-0.45%)
META   174.55 (-0.17%)
GOOGL   119.90 (+0.29%)
AMZN   142.33 (+0.16%)
TSLA   908.01 (-0.44%)
NVDA   187.96 (+2.51%)
NIO   19.88 (-1.00%)
BABA   90.55 (+0.87%)
AMD   100.38 (+2.15%)
MU   62.95 (+2.16%)
T   18.43 (+0.05%)
CGC   3.80 (-6.40%)
F   16.15 (+0.75%)
GE   79.23 (-0.86%)
DIS   122.67 (-0.11%)
AMC   19.37 (-9.32%)
PYPL   99.85 (+0.43%)
PFE   48.59 (-1.38%)
NFLX   244.81 (+1.52%)
S&P 500   4,283.74 (+0.23%)
DOW   33,999.04 (+0.06%)
QQQ   329.34 (+0.26%)
AAPL   174.10 (-0.26%)
MSFT   290.01 (-0.45%)
META   174.55 (-0.17%)
GOOGL   119.90 (+0.29%)
AMZN   142.33 (+0.16%)
TSLA   908.01 (-0.44%)
NVDA   187.96 (+2.51%)
NIO   19.88 (-1.00%)
BABA   90.55 (+0.87%)
AMD   100.38 (+2.15%)
MU   62.95 (+2.16%)
T   18.43 (+0.05%)
CGC   3.80 (-6.40%)
F   16.15 (+0.75%)
GE   79.23 (-0.86%)
DIS   122.67 (-0.11%)
AMC   19.37 (-9.32%)
PYPL   99.85 (+0.43%)
PFE   48.59 (-1.38%)
NFLX   244.81 (+1.52%)

Chemung Financial - CHMG Stock Forecast, Price & News

$46.56
-0.74 (-1.56%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$46.06
$47.29
50-Day Range
$40.88
$48.38
52-Week Range
$40.74
$49.50
Volume
4,310 shs
Average Volume
5,616 shs
Market Capitalization
$217.90 million
P/E Ratio
7.79
Dividend Yield
2.62%
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
1.56mentions of Chemung Financial in the last 14 days
Based on 5 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.

2.97 out of 5 stars

Finance Sector

92nd out of 914 stocks

State Commercial Banks Industry

23rd out of 192 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.

Chemung Financial Stock Performance

CHMG Stock traded down $0.74 during midday trading on Thursday, hitting $46.56. 4,310 shares of the company traded hands, compared to its average volume of 5,616. Chemung Financial has a twelve month low of $40.74 and a twelve month high of $49.50. The stock has a market capitalization of $217.90 million, a price-to-earnings ratio of 7.79 and a beta of -0.01. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.28. The business has a 50 day simple moving average of $45.19 and a 200-day simple moving average of $45.75.

Chemung Financial (NASDAQ:CHMG - Get Rating) last announced its earnings results on Thursday, July 21st. The bank reported $1.71 EPS for the quarter, topping the consensus estimate of $1.20 by $0.51. Chemung Financial had a net margin of 29.76% and a return on equity of 14.40%. The firm had revenue of $22.96 million for the quarter, compared to the consensus estimate of $22.58 million. As a group, equities research analysts predict that Chemung Financial will post 5.91 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Chemung Financial in a report on Wednesday. They set a "hold" rating on the stock.

Insider Buying and Selling

In other Chemung Financial news, EVP Loren D. Cole sold 1,150 shares of the firm's stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $45.12, for a total value of $51,888.00. Following the sale, the executive vice president now owns 3,520 shares of the company's stock, valued at approximately $158,822.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Denise V. Gonick acquired 1,000 shares of the stock in a transaction dated Friday, June 3rd. The shares were acquired at an average cost of $44.95 per share, for a total transaction of $44,950.00. Following the completion of the transaction, the director now owns 4,187 shares in the company, valued at approximately $188,205.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Loren D. Cole sold 1,150 shares of the company's stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $45.12, for a total transaction of $51,888.00. Following the completion of the sale, the executive vice president now directly owns 3,520 shares in the company, valued at approximately $158,822.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,998 shares of company stock valued at $402,205. Insiders own 12.25% of the company's stock.

Receive CHMG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Chemung Financial and its competitors with MarketBeat's FREE daily newsletter.

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
Receive CHMG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Chemung Financial and its competitors with MarketBeat's FREE daily newsletter.

CHMG Company Calendar

Ex-Dividend for 7/1 Dividend
6/16/2022
Dividend Payable
7/01/2022
Last Earnings
7/21/2022
Today
8/18/2022
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
38.01%

Debt

Sales & Book Value

Annual Sales
$92.88 million
Cash Flow
$7.45 per share
Book Value
$37.36 per share

Miscellaneous

Free Float
4,103,000
Market Cap
$217.90 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 start of the year. Since then, CHMG stock has increased by 0.2% and is now trading at $46.56.
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) released its quarterly earnings data on Thursday, July, 21st. The bank reported $1.71 EPS for the quarter, beating 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 trailing twelve-month return on equity of 14.40% and a net margin of 29.76%.

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

Chemung Financial announced a quarterly dividend on Wednesday, May 18th. Investors of record on Friday, June 17th will be paid a dividend of $0.31 per share on Friday, July 1st. This represents a $1.24 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend 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 2.62%. 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 retail and institutional investors. Top institutional investors include Chemung Canal Trust Co. (6.57%), Basswood Capital Management L.L.C. (3.90%), Royce & Associates LP (1.56%), Renaissance Technologies LLC (1.18%), State Street Corp (0.40%) and Maltese Capital Management LLC (0.38%). 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 $46.56.

How much money does Chemung Financial make?

Chemung Financial (NASDAQ:CHMG) has a market capitalization of $217.90 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 8/18/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.