NASDAQ:CHMG

Chemung Financial Stock Forecast, Price & News

$46.60
+2.80 (+6.39 %)
(As of 07/26/2021 03:55 PM ET)
Add
Compare
Today's Range
$44.09
$46.81
50-Day Range
$42.09
$46.60
52-Week Range
$27.00
$47.43
Volume12,683 shs
Average Volume17,999 shs
Market Capitalization$217.30 million
P/E Ratio9.07
Dividend Yield2.83%
Beta0.1
30 days | 90 days | 365 days | Advanced Chart
Receive CHMG 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.


Chemung Financial logo

About Chemung Financial

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 loans; and letters of credit, wealth management, employee benefit plans, mutual fund, annuities, brokerage and services. In addition, the company provides 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, it provides securities and insurance, tax preparation, and interest rate swap services. As of February 18, 2021, the company operated through 30 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.

Headlines

See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

1.52 out of 5 stars

Finance Sector

1397th out of 4,068 stocks

State Commercial Banks Industry

287th out of 630 stocks

Analyst Opinion: 1.0Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
speech bubbles
speech bubbles











Chemung Financial (NASDAQ:CHMG) Frequently Asked Questions

Is Chemung Financial a buy right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chemung Financial in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Chemung Financial stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CHMG, but not buy additional shares or sell existing shares.
View analyst ratings for Chemung Financial
or view top-rated stocks.

What stocks does MarketBeat like better than Chemung Financial?

Wall Street analysts have given Chemung Financial a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Chemung Financial wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Chemung Financial?

Chemung Financial saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 28,600 shares, a decline of 72.0% from the June 15th total of 102,200 shares. Based on an average daily trading volume, of 25,500 shares, the short-interest ratio is presently 1.1 days. Currently, 0.8% of the company's shares are short sold.
View Chemung Financial's Short Interest
.

When is Chemung Financial's next earnings date?

Chemung Financial is scheduled to release its next quarterly earnings announcement on Monday, October 18th 2021.
View our earnings forecast for Chemung Financial
.

How were Chemung Financial's earnings last quarter?

Chemung Financial Co. (NASDAQ:CHMG) posted its quarterly earnings results on Thursday, July, 22nd. The bank reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.30. Chemung Financial had a trailing twelve-month return on equity of 12.31% and a net margin of 26.62%.
View Chemung Financial's earnings history
.

How has Chemung Financial's stock been impacted by 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 increased by 73.9% and is now trading at $46.60.
View which stocks have been most impacted by COVID-19
.

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

Chemung Financial declared a quarterly dividend on Thursday, May 20th. Shareholders of record on Thursday, June 17th will be paid a dividend of $0.31 per share on Thursday, July 1st. This represents a $1.24 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Wednesday, June 16th. This is an increase from Chemung Financial's previous quarterly dividend of $0.26.
View Chemung Financial's dividend history
.

Is Chemung Financial a good dividend stock?

Chemung Financial pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.83%. Chemung Financial does not yet have a strong track record of dividend growth. The dividend payout ratio of Chemung Financial is 30.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Chemung Financial will have a dividend payout ratio of 29.25% next year. This indicates that Chemung Financial will be able to sustain or increase its dividend.
View Chemung Financial's dividend history.

What price target have analysts set for CHMG?

1 brokerages have issued 1-year target prices for Chemung Financial's stock. Their forecasts range from $37.00 to $37.00. On average, they expect Chemung Financial's stock price to reach $37.00 in the next twelve months. This suggests that the stock has a possible downside of 20.6%.
View analysts' price targets for Chemung Financial
or view top-rated stocks among Wall Street analysts.

Who are Chemung Financial's key executives?

Chemung Financial's management team includes the following people:
  • Mr. Anders M. Tomson, Pres, CEO & Director (Age 54, Pay $788.72k)
  • Mr. Karl F. Krebs, CFO, Exec. VP & Treasurer (Age 65, Pay $447.96k)
  • Mr. Loren Dale Cole, Exec. VP & Chief Information Officer (Age 48, Pay $369.74k)
  • Mr. Peter K. Cosgrove, Exec. VP & Chief Credit Officer (Age 60, Pay $385.88k)
  • Ms. Kathleen S. McKillip, Assistant VP & Corp. Sec.
  • Mr. Scott T. Heffner, VP of Marketing
  • Ms. Pamela D. Burns, Sr. VP of HR
  • Mr. Norman R. Ward, SVP, Chief Auditor & Sr. Investment Officer (Age 71)
  • Mr. Thomas W. Wirth C.F.A., CFA, Exec. VP of Wealth Management Group at Chemung Canal Trust Company (Age 55)
  • Ms. Catherine Beth Crandall J.D., CFP®, CTFA, Sr. VP of WMG Estate Admin.

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 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."

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 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 $46.60.

How much money does Chemung Financial make?

Chemung Financial has a market capitalization of $217.30 million and generates $88.03 million in revenue each year. The bank earns $19.26 million in net income (profit) each year or $4.01 on an earnings per share basis.

How many employees does Chemung Financial have?

Chemung Financial employs 341 workers across the globe.

What is Chemung Financial's official website?

The official website for Chemung Financial is www.chemungcanal.com.

Where are Chemung Financial's headquarters?

Chemung Financial is headquartered at ONE CHEMUNG CANAL PLZ P O BOX 1522, ELMIRA NY, 14901.

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 7/26/2021 by MarketBeat.com Staff
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

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (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 | Do Not Sell My Information

© 2021 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 disclaimer. Fundamental company data provided by Zacks Investment Research.