NASDAQ:CHMGChemung Financial Stock Price, Forecast & News

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 shares have decreased by 3.8% and is now trading at $25.78. View which stocks have been most impacted by Coronavirus.

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.

Chemung Financial is scheduled to release its next quarterly earnings announcement on Monday, July 27th 2020. View our earnings forecast for Chemung Financial.

Chemung Financial Corp. (NASDAQ:CHMG) released its quarterly earnings data on Monday, May, 4th. The bank reported $0.51 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.75 by $0.24. The bank earned $19.79 million during the quarter, compared to the consensus estimate 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.

Chemung Financial declared a quarterly dividend on Wednesday, May 20th. Shareholders 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 4.03%. The ex-dividend date is Tuesday, June 16th. View Chemung Financial's dividend history.

3 equities research analysts have issued 1 year price targets 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 66.8% from the stock's current price. View analysts' price targets for Chemung Financial.

News articles about CHMG stock have trended neutral this week, according to InfoTrie. The research firm identifies positive and negative 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 negative five to positive five, with scores closest to five being the most favorable. Chemung Financial earned a news impact score of 0.2 on InfoTrie's scale. They also assigned press coverage 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 immediate future. View the latest news about Chemung Financial.

Chemung Financial saw a increase in short interest in 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 volume of 11,300 shares, the short-interest ratio is presently 2.8 days. Approximately 0.8% of the shares of the stock are short sold. View Chemung Financial's Current Options Chain.

Some companies that are related to Chemung Financial include Bryn Mawr Bank (BMTC), Luther Burbank (LBC), Boston Private Financial (BPFH), Merchants Bancorp (MBIN), Allegiance Bancshares (ABTX), First Financial (THFF), HarborOne Bancorp (HONE), Byline Bancorp (BY), Origin Bancorp (OBNK), QCR (QCRH), Univest Financial (UVSP), Bank of Marin Bancorp (BMRC), Horizon Bancorp (HBNC), Central Pacific Financial (CPF) and Tristate Capital (TSC). View all competitors.

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).

Chemung Financial trades on the NASDAQ under the ticker symbol "CHMG."

Chemung Financial's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Chemung Canal Trust Co. (8.80%). 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.

CHMG stock was purchased by a variety of institutional investors in the last quarter, including Chemung Canal Trust Co.. 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.

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.

One share of CHMG stock can currently be purchased for approximately $25.78.

Chemung Financial has a market capitalization of $124.52 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.

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

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]