NASDAQ:CHMG Chemung Financial (CHMG) Stock Price, News & Analysis → top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL) (From Traders Agency) (Ad) Free CHMG Stock Alerts $43.74 -0.95 (-2.13%) (As of 04/23/2024 ET) Add Compare Share Share Today's Range$43.45▼$45.3050-Day Range$39.41▼$44.6952-Week Range$33.72▼$51.36Volume21,691 shsAverage Volume6,797 shsMarket Capitalization$207.77 millionP/E Ratio8.38Dividend Yield2.83%Price Target$49.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Chemung Financial alerts: Email Address Chemung Financial MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside12.0% Upside$49.00 Price TargetShort InterestHealthy0.41% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.51Upright™ Environmental ScoreNews Sentiment-0.05Based on 11 Articles This WeekInsider TradingSelling Shares$17,944 Sold Last QuarterProj. Earnings Growth4.59%From $5.01 to $5.24 Per ShareSee Full Details Hide Full Details 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.4.47 out of 5 starsFinance Sector156th out of 852 stocksState Commercial Banks Industry37th out of 179 stocks 2.0 Analyst's Opinion Consensus RatingChemung Financial has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageChemung Financial has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.41% of the float of Chemung Financial has been sold short.Short Interest Ratio / Days to CoverChemung 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 monthShort interest in Chemung Financial has recently decreased by 51.78%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldChemung Financial pays a meaningful dividend of 2.77%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthChemung Financial does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Chemung Financial is 23.75%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Chemung Financial will have a dividend payout ratio of 23.66% next year. This indicates that Chemung Financial will be able to sustain or increase its dividend. Previous Next 3.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreChemung 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 SustainabilityThe Environmental Impact score for Chemung Financial is -0.51. Previous Next 1.6 News and Social Media Coverage News SentimentChemung Financial has a news sentiment score of -0.05. 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 0.51 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 11 news articles for Chemung Financial this week, compared to 1 article on an average week.MarketBeat Follows1 people have added Chemung Financial to their MarketBeat watchlist in the last 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Chemung Financial insiders have sold 344.05% more of their company's stock than they have bought. Specifically, they have bought $4,041.00 in company stock and sold $17,944.00 in company stock.Percentage Held by Insiders11.68% 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 Institutions47.50% of the stock of Chemung Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Chemung Financial are expected to grow by 4.59% in the coming year, from $5.01 to $5.24 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Chemung Financial is 8.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.29.Price to Earnings Ratio vs. SectorThe P/E ratio of Chemung Financial is 8.38, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.52.Price to Book Value per Share RatioChemung Financial has a P/B Ratio of 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Traders Agencytop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.Click here now for the full details of this stock that’s set to rocket in the AI revolution… 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.Read More CHMG Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CHMG Stock News HeadlinesApril 23, 2024 | americanbankingnews.comChemung Financial (NASDAQ:CHMG) Price Target Lowered to $49.00 at Keefe, Bruyette & WoodsApril 20, 2024 | finance.yahoo.comChemung Financial Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This YearApril 24, 2024 | Traders Agency (Ad)top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.April 19, 2024 | finance.yahoo.comChemung Financial Corporation (CHMG)April 19, 2024 | markets.businessinsider.comChemung Financial (CHMG) Receives a Hold from KBWApril 18, 2024 | markets.businessinsider.comCHMG Stock Earnings: Chemung Financial Beats EPS, Beats Revenue for Q1 2024April 18, 2024 | markets.businessinsider.comChemung Financial Corporation Reports First Quarter 2024 Net Income of $7.1 million, or $1.48 per shareApril 18, 2024 | globenewswire.comChemung Financial Corporation Reports First Quarter 2024 Net Income of $7.1 million, or $1.48 per shareApril 24, 2024 | Traders Agency (Ad)top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.April 17, 2024 | news.yahoo.comSuspects indicted for Chemung County incident that left sheriff's investigator injuredMarch 29, 2024 | seekingalpha.comCHMG Chemung Financial CorporationMarch 10, 2024 | finance.yahoo.comShould You Buy Chemung Financial Corporation (NASDAQ:CHMG) For Its Upcoming Dividend?February 25, 2024 | finance.yahoo.comChemung Financial Corporation (NASDAQ:CHMG) most popular amongst retail investors who own 43% of the shares, institutions hold 24%February 21, 2024 | finance.yahoo.comChemung Financial Corporation Announces Quarterly DividendFebruary 21, 2024 | globenewswire.comChemung Financial Corporation Announces Quarterly DividendFebruary 14, 2024 | money.usnews.comChemung Financial Corp.January 28, 2024 | finance.yahoo.comChemung Financial Corporation (NASDAQ:CHMG) Analysts Are Pretty Bullish On The Stock After Recent ResultsJanuary 28, 2024 | finance.yahoo.comChemung Financial Full Year 2023 Earnings: Revenues Beat Expectations, EPS LagsJanuary 25, 2024 | finance.yahoo.comChemung Financial (CHMG) Q4 Earnings Lag EstimatesJanuary 25, 2024 | finance.yahoo.comChemung Financial (CHMG) Reports Q4 Earnings: What Key Metrics Have to SayJanuary 25, 2024 | finance.yahoo.comChemung 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 shareJanuary 25, 2024 | finance.yahoo.comChemung Financial Corp (CHMG) Announces Annual and Q4 Earnings: A Mixed Financial Performance ...January 19, 2024 | benzinga.comInsiders Buying FB Financial And 2 Other StocksJanuary 9, 2024 | finance.yahoo.comFavourable Signals For Chemung Financial: Numerous Insiders Acquired StockJanuary 4, 2024 | finance.yahoo.comWhy Chemung Financial (CHMG) Could Beat Earnings Estimates AgainDecember 16, 2023 | msn.comChemung Financial (CHMG) Price Target Increased by 5.51% to 45.56December 14, 2023 | finance.yahoo.comHomeTrust Bancshares (HTBI) Soars 5.4%: Is Further Upside Left in the Stock?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. Email Address Company Calendar Last Earnings1/25/2024Ex-Dividend for 4/1 Dividend3/15/2024Dividend Payable4/01/2024Today4/24/2024Next Earnings (Estimated)7/18/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryN/A Current SymbolNASDAQ:CHMG CUSIPN/A CIK763563 Webwww.chemungcanal.com Phone(607) 737-3711FaxN/AEmployees339Year FoundedN/APrice Target and Rating Average Stock Price Target$49.00 High Stock Price Target$49.00 Low Stock Price Target$49.00 Potential Upside/Downside+12.0%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$5.22 Trailing P/E Ratio8.38 Forward P/E Ratio8.87 P/E GrowthN/ANet Income$25 million Net Margins17.35% Pretax Margin22.89% Return on Equity12.67% Return on Assets0.85% Debt Debt-to-Equity Ratio0.18 Current Ratio0.84 Quick Ratio0.84 Sales & Book Value Annual Sales$137.62 million Price / Sales1.51 Cash Flow$6.05 per share Price / Cash Flow7.23 Book Value$41.34 per share Price / Book1.06Miscellaneous Outstanding Shares4,750,000Free Float4,196,000Market Cap$207.77 million OptionableNot Optionable Beta0.20 Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Get This Free Report Key ExecutivesMr. Anders M. Tomson (Age 57)President, CEO & Director Comp: $995.38kMr. Loren Dale Cole (Age 51)Executive VP & Chief Information Officer Comp: $383.81kMr. Peter K. Cosgrove (Age 63)EVP, Chief Credit Officer & Chief Risk Officer Comp: $409.21kMr. Daniel D. Fariello (Age 47)President of Capital Bank Division Comp: $389.13kMr. Dale M. McKim III (Age 49)Executive VP, CFO & Treasurer Ms. Kathleen S. McKillipVP & Corporate SecretaryMr. Scott T. HeffnerSenior VP & Director of MarketingMs. Monica L. RidoshVP, Director of HR & Chief Diversity OfficerMr. Thomas W. Wirth C.F.A. (Age 58)Executive Vice President of Wealth Management Group at Chemung Canal Trust Company Comp: $305.86kMs. Catherine Beth Crandall J.D.CFP®, CTFA, Senior Vice President of WMG Estate AdministrationMore ExecutivesKey CompetitorsUSCB FinancialNASDAQ:USCBOak Valley BancorpNASDAQ:OVLYSignature BankNASDAQ:SBNYCitizens Financial ServicesNASDAQ:CZFSFVCBankcorpNASDAQ:FVCBView All CompetitorsInsiders & InstitutionsChemung Canal Trust Co.Sold 2,395 shares on 4/17/2024Ownership: 7.208%Raimundo C Archibold JrSold 425 sharesTotal: $17,943.50 ($42.22/share)Joseph F Iv MeadeBought 84 shares on 2/20/2024Total: $4,041.24 ($48.11/share)BNP Paribas Financial MarketsBought 5,081 shares on 2/7/2024Ownership: 0.137%Joseph F Iv MeadeBought 582 shares on 1/17/2024Total: $28,000.02 ($48.11/share)View All Insider TransactionsView All Institutional Transactions CHMG Stock Analysis - Frequently Asked Questions Should I buy or sell Chemung Financial stock right now? 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chemung Financial in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CHMG shares. 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 CHMG analyst ratings or view top-rated stocks. What is Chemung Financial's stock price target for 2024? 1 equities research analysts have issued 1-year target prices for Chemung Financial's stock. Their CHMG share price targets range from $49.00 to $49.00. On average, they expect the company's share price to reach $49.00 in the next twelve months. This suggests a possible upside of 12.0% from the stock's current price. View analysts price targets for CHMG or view top-rated stocks among Wall Street analysts. How have CHMG shares performed in 2024? Chemung Financial's stock was trading at $49.80 at the beginning of 2024. Since then, CHMG shares have decreased by 12.2% and is now trading at $43.74. View the best growth stocks for 2024 here. Are investors shorting Chemung Financial? Chemung Financial saw a decline in short interest during 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 daily volume of 6,400 shares, the short-interest ratio is presently 2.3 days. Currently, 0.4% of the company's shares 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, July 18th 2024. View our CHMG earnings forecast. How were Chemung Financial's earnings last quarter? Chemung Financial Co. (NASDAQ:CHMG) issued its quarterly earnings data on Thursday, January, 25th. The bank reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates 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 trailing twelve-month return on equity of 12.67% and a net margin of 17.35%. How often does Chemung Financial pay dividends? What is the dividend yield for Chemung Financial? Chemung Financial announced a quarterly dividend on Wednesday, February 21st. Shareholders 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 2.83%. 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 2.77%. The dividend payout ratio is 23.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHMG will have a dividend payout ratio of 23.66% 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 many different institutional and retail 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. 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