How have CHMG shares performed in 2024?

Chemung Financial's stock was trading at $49.80 on January 1st, 2024. Since then, CHMG stock has decreased by 20.1% and is now trading at $39.80. View the best growth stocks for 2024 here .

Are investors shorting Chemung Financial?

Chemung Financial saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 14,900 shares, a decline of 51.8% from the March 15th total of 30,900 shares. Based on an average trading volume of 6,400 shares, the short-interest ratio is currently 2.3 days. Currently, 0.4% of the company's stock are short sold. View Chemung Financial's Short Interest .

When is Chemung Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024. View our CHMG earnings forecast .

How were Chemung Financial's earnings last quarter?

Chemung Financial Co. (NASDAQ:CHMG) posted its earnings results on Thursday, January, 25th. The bank reported $0.81 EPS for the quarter, missing the consensus estimate of $1.17 by $0.36. The bank had revenue of $23.77 million for the quarter, compared to the consensus estimate of $23.52 million. Chemung Financial had a net margin of 18.17% and a trailing twelve-month return on equity of 12.85%.

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

Chemung Financial declared a quarterly dividend on Wednesday, February 21st. Stockholders of record on Monday, March 18th will be paid a dividend of $0.31 per share on Monday, April 1st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Friday, March 15th. 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 3.15%. The dividend payout ratio is 23.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHMG will have a dividend payout ratio of 23.22% 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) .

Who are Chemung Financial's major shareholders?

Chemung Financial's stock is owned by a number of retail and institutional investors. Top institutional investors include Chemung Canal Trust Co. (7.21%). Insiders that own company stock include Denise V Gonick , G Thomas Jr Tranter , Jeffrey B Streeter, Jeffrey B Streeter , Jeffrey P Kenefick, Joseph F Iv Meade, Kimberly A Hazelton , Loren D Cole , Raimundo C Archibold Jr, Robert H Dalrymple , Ronald M Bentley, Thomas R Tyrrell, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:CHMG

Chemung Financial (CHMG) Stock Price, News & Analysis

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$39.80

+0.26 (+0.66%)

(As of 04/17/2024 ET)

Compare

Today's Range: $39.40
▼
$39.85
50-Day Range: $39.41
▼
$44.50
52-Week Range: $33.72
▼
$51.36

Volume: 2,325 shs
Average Volume: 6,625 shs
Market Capitalization: $189.05 million

P/E Ratio: 7.54
Dividend Yield: 3.12%
Price Target: N/A

Get Chemung Financial alerts:

Chemung Financial MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.41% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.51
Upright™ Environmental Score
News Sentiment: 0.26
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
$32,041 Bought Last Quarter
Proj. Earnings Growth: 9.88%
From $4.86 to $5.34 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.40 out of 5 stars

Finance Sector

240th out of 828 stocks

State Commercial Banks Industry

57th out of 172 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Chemung Financial.

5.0

Short Interest

Percentage of Shares Shorted
0.41% of the float of Chemung Financial has been sold short.
Short Interest Ratio / Days to Cover
Chemung Financial has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Chemung Financial has recently decreased by 51.78%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Chemung Financial pays a meaningful dividend of 3.15%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Chemung Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Chemung Financial is 23.48%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Chemung Financial will have a dividend payout ratio of 23.22% next year. This indicates that Chemung Financial will be able to sustain or increase its dividend.

3.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Chemung Financial has received a 33.89% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Home equity loans", "Debit cards", "Consumer savings accounts provided by brick and mortar banks", "Credit cards", and "Consumer transaction accounts provided by brick and mortar banks" products. See details.
Environmental Sustainability
The Environmental Impact score for Chemung Financial is -0.51.

1.8

News and Social Media Coverage

News Sentiment
Chemung Financial has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Chemung Financial this week, compared to 1 article on an average week.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Chemung Financial insiders have bought 78.56% more of their company's stock than they have sold. Specifically, they have bought $32,041.00 in company stock and sold $17,944.00 in company stock.
Percentage Held by Insiders
11.68% of the stock of Chemung Financial is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
47.50% of the stock of Chemung Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Chemung Financial are expected to grow by 9.88% in the coming year, from $4.86 to $5.34 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Chemung Financial is 7.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.94.
Price to Earnings Ratio vs. Sector
The P/E ratio of Chemung Financial is 7.54, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 56.75.
Price to Book Value per Share Ratio
Chemung Financial has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Chemung Financial Stock (NASDAQ:CHMG)

Chemung Financial Corporation operates as a bank 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 and residential mortgage loans; and consumer loans, including home equity lines of credit and home equity term loans. In addition, the company provides interest rate swaps, letters of credit, employee benefit plans, insurance products, mutual fund, brokerage, and tax preparation services. Further, it offers guardian, custodian, trustee, investment, pension, estate planning, and employee benefit administrative services, as well as acts as an agent for pension, profit-sharing, and other employee benefit trusts. Chemung Financial Corporation was founded in 1833 and is headquartered in Elmira, New York.

CHMG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CHMG Stock News Headlines

April 17, 2024 | news.yahoo.com

Suspects indicted for Chemung County incident that left sheriff's investigator injured

March 29, 2024 | seekingalpha.com

CHMG Chemung Financial Corporation

April 17, 2024 | Gold Safe Exchange (Ad)

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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 10, 2024 | finance.yahoo.com

Should You Buy Chemung Financial Corporation (NASDAQ:CHMG) For Its Upcoming Dividend?

February 25, 2024 | finance.yahoo.com

Chemung Financial Corporation (NASDAQ:CHMG) most popular amongst retail investors who own 43% of the shares, institutions hold 24%

February 21, 2024 | finance.yahoo.com

Chemung Financial Corporation Announces Quarterly Dividend

February 21, 2024 | globenewswire.com

Chemung Financial Corporation Announces Quarterly Dividend

February 14, 2024 | money.usnews.com

Chemung Financial Corp.

April 17, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

January 28, 2024 | finance.yahoo.com

Chemung Financial Corporation (NASDAQ:CHMG) Analysts Are Pretty Bullish On The Stock After Recent Results

January 28, 2024 | finance.yahoo.com

Chemung Financial Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

January 25, 2024 | finance.yahoo.com

Chemung Financial (CHMG) Q4 Earnings Lag Estimates

January 25, 2024 | finance.yahoo.com

Chemung Financial (CHMG) Reports Q4 Earnings: What Key Metrics Have to Say

January 25, 2024 | finance.yahoo.com

Chemung Financial Corporation Reports Annual Net Income of $25.0 million, or $5.28 per share, and Fourth Quarter 2023 Net Income of $3.8 million, or $0.80 per share

January 25, 2024 | finance.yahoo.com

Chemung Financial Corp (CHMG) Announces Annual and Q4 Earnings: A Mixed Financial Performance ...

January 19, 2024 | benzinga.com

Insiders Buying FB Financial And 2 Other Stocks

January 9, 2024 | finance.yahoo.com

Favourable Signals For Chemung Financial: Numerous Insiders Acquired Stock

January 4, 2024 | finance.yahoo.com

Why Chemung Financial (CHMG) Could Beat Earnings Estimates Again

December 16, 2023 | msn.com

Chemung Financial (CHMG) Price Target Increased by 5.51% to 45.56

December 14, 2023 | finance.yahoo.com

HomeTrust Bancshares (HTBI) Soars 5.4%: Is Further Upside Left in the Stock?

November 19, 2023 | finance.yahoo.com

Chemung Financial (NASDAQ:CHMG) Will Pay A Dividend Of $0.31

October 27, 2023 | finance.yahoo.com

Chemung Financial Corp (CHMG) Reports Q3 2023 Net Income of $7.6 Million

October 25, 2023 | finance.yahoo.com

Chemung Financial (CHMG) Q3 Earnings and Revenues Surpass Estimates

October 25, 2023 | finance.yahoo.com

Chemung Financial (CHMG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

October 24, 2023 | finance.yahoo.com

Chemung Financial Corporation Reports Third Quarter 2023 Net Income of $7.6 million, or $1.61 per Share

September 30, 2023 | finance.yahoo.com

Those who invested in Chemung Financial (NASDAQ:CHMG) three years ago are up 44%

September 15, 2023 | finance.yahoo.com

Chemung Financial Corp (CHMG): A Deep Dive into Its Dividend Performance and Sustainability

See More Headlines

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Company Calendar

Last Earnings: 1/25/2024
Ex-Dividend for 4/1 Dividend: 3/15/2024
Dividend Payable: 4/01/2024
Today: 4/17/2024
Next Earnings (Estimated): 4/18/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State commercial banks
Sub-Industry: N/A
Current Symbol: NASDAQ:CHMG
CUSIP: N/A
CIK: 763563
Web: www.chemungcanal.com
Phone: (607) 737-3711
Fax: N/A
Employees: 339
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $5.28
Trailing P/E Ratio: 7.54
Forward P/E Ratio: 8.19
P/E Growth: N/A
Net Income: $25 million
Net Margins: 18.17%
Pretax Margin: 22.89%
Return on Equity: 12.85%
Return on Assets: 0.86%

Debt

Debt-to-Equity Ratio: 0.18
Current Ratio: 0.84
Quick Ratio: 0.84

Sales & Book Value

Annual Sales: $137.62 million
Price / Sales: 1.37
Cash Flow: $6.08 per share
Price / Cash Flow: 6.55
Book Value: $41.34 per share
Price / Book: 0.96

Miscellaneous

Outstanding Shares: 4,750,000
Free Float: 4,196,000
Market Cap: $189.10 million
Optionable: Not Optionable
Beta: 0.20

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Key Executives

Mr. Anders M. Tomson (Age 57)
President, CEO & Director
Comp: $995.38k
Mr. Loren Dale Cole (Age 51)
Executive VP & Chief Information Officer
Comp: $383.81k
Mr. Peter K. Cosgrove (Age 63)
EVP, Chief Credit Officer & Chief Risk Officer
Comp: $409.21k
Mr. Daniel D. Fariello (Age 47)
President of Capital Bank Division
Comp: $389.13k
Mr. Dale M. McKim III (Age 49)
Executive VP, CFO & Treasurer
Ms. Kathleen S. McKillip
VP & Corporate Secretary
Mr. Scott T. Heffner
Senior VP & Director of Marketing
Ms. Monica L. Ridosh
VP, Director of HR & Chief Diversity Officer
Mr. Thomas W. Wirth C.F.A. (Age 58)
Executive Vice President of Wealth Management Group at Chemung Canal Trust Company
Comp: $305.86k
Ms. Catherine Beth Crandall J.D.
CFP®, CTFA, Senior Vice President of WMG Estate Administration

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CHMG Stock Analysis - Frequently Asked Questions

How have CHMG shares performed in 2024?: Chemung Financial's stock was trading at $49.80 on January 1st, 2024. Since then, CHMG stock has decreased by 20.1% and is now trading at $39.80.
View the best growth stocks for 2024 here.
Are investors shorting Chemung Financial?: Chemung Financial saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 14,900 shares, a decline of 51.8% from the March 15th total of 30,900 shares. Based on an average trading volume of 6,400 shares, the short-interest ratio is currently 2.3 days. Currently, 0.4% of the company's stock are short sold.
View Chemung Financial's Short Interest.
When is Chemung Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
View our CHMG earnings forecast.
How were Chemung Financial's earnings last quarter?: Chemung Financial Co. (NASDAQ:CHMG) posted its earnings results on Thursday, January, 25th. The bank reported $0.81 EPS for the quarter, missing the consensus estimate of $1.17 by $0.36. The bank had revenue of $23.77 million for the quarter, compared to the consensus estimate of $23.52 million. Chemung Financial had a net margin of 18.17% and a trailing twelve-month return on equity of 12.85%.
How often does Chemung Financial pay dividends? What is the dividend yield for Chemung Financial?: Chemung Financial declared a quarterly dividend on Wednesday, February 21st. Stockholders of record on Monday, March 18th will be paid a dividend of $0.31 per share on Monday, April 1st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Friday, March 15th.
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 3.15%. The dividend payout ratio is 23.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHMG will have a dividend payout ratio of 23.22% 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).
Who are Chemung Financial's major shareholders?: Chemung Financial's stock is owned by a number of retail and institutional investors. Top institutional investors include Chemung Canal Trust Co. (7.21%). Insiders that own company stock include Denise V Gonick, G Thomas Jr Tranter, Jeffrey B Streeter, Jeffrey B Streeter, Jeffrey P Kenefick, Joseph F Iv Meade, Kimberly A Hazelton, Loren D Cole, Raimundo C Archibold Jr, Robert H Dalrymple, Ronald M Bentley, Thomas R Tyrrell, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CHMG) was last updated on 4/17/2024 by MarketBeat.com Staff

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Chemung Financial (CHMG) Stock Price, News & Analysis

Chemung Financial MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Chemung Financial Stock (NASDAQ:CHMG)

CHMG Stock Price History

CHMG Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CHMG Stock Analysis - Frequently Asked Questions

Overall MarketRank^™