Chemung Financial Corp. (CHMG)

NASDAQ: CHMG · IEX Real-Time Price · USD
46.58
-0.27 (-0.58%)
Dec 5, 2022 3:02 PM EST - Market open
-0.58%
Market Cap 219.17M
Revenue (ttm) 93.57M
Net Income (ttm) 27.80M
Shares Out 4.69M
EPS (ttm) 5.93
PE Ratio 7.85
Forward PE 7.34
Dividend $1.24 (2.66%)
Ex-Dividend Date Dec 19, 2022
Volume 6,194
Open 47.03
Previous Close 46.85
Day's Range 46.22 - 47.05
52-Week Range 40.74 - 48.75
Beta 0.04
Analysts Buy
Price Target 49.64 (+6.6%)
Earnings Date Jan 24, 2023

About CHMG

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 ... [Read more]

Industry Banks
Founded 1833
Employees 337
Stock Exchange NASDAQ
Ticker Symbol CHMG
Full Company Profile

Financial Performance

In 2021, CHMG's revenue was $89.44 million, an increase of 12.08% compared to the previous year's $79.80 million. Earnings were $26.43 million, an increase of 37.19%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for CHMG stock is "Buy." The 12-month stock price forecast is 49.64, which is an increase of 6.57% from the latest price.

Price Target
$49.64
(6.57% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Chemung Financial Corporation Announces Quarterly Dividend

ELMIRA, N.Y., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.31 per share, payabl...

2 weeks ago - GlobeNewsWire

Chemung Financial Corporation Reports Third Quarter 2022 Net Income of $6.5 million, or $1.37 per Share

ELMIRA, N.Y., Oct. 20, 2022 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net incom...

1 month ago - GlobeNewsWire

Chemung Financial (CHMG) Could Be a Great Choice

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Chemung Financial (CHMG) have what it takes?

1 month ago - Zacks Investment Research

Earnings Preview: Chemung Financial (CHMG) Q3 Earnings Expected to Decline

Chemung Financial (CHMG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Best Value Stocks to Buy for October 7th

PBR, MOV and CHMG made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 7, 2022.

Other symbols: MOVPBR
1 month ago - Zacks Investment Research

Are Investors Undervaluing Chemung Financial Corp (CHMG) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

2 months ago - Zacks Investment Research

Why Chemung Financial (CHMG) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Chemung Financial (CHMG) have what it takes?

2 months ago - Zacks Investment Research

Why Chemung Financial (CHMG) is a Top Dividend Stock for Your Portfolio

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Chemung Financial (CHMG) have what it takes?

3 months ago - Zacks Investment Research

Chemung Financial (CHMG) is a Top Dividend Stock Right Now: Should You Buy?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Chemung Financial (CHMG) have what it takes?

3 months ago - Zacks Investment Research

This is Why Chemung Financial (CHMG) is a Great Dividend Stock

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Chemung Financial (CHMG) have what it takes?

4 months ago - Zacks Investment Research

Best Value Stocks to Buy for July 27th

CEQP, FMX, and CHMG made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 27, 2022.

Other symbols: CEQPFMX
4 months ago - Zacks Investment Research

Chemung Financial (CHMG) Q2 Earnings and Revenues Surpass Estimates

Chemung Financial (CHMG) delivered earnings and revenue surprises of 42.50% and 1.71%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Chemung Financial Corporation Reports Second Quarter 2022 Net Income of $8.0 million, or $1.72 per Share

ELMIRA, N.Y., July 21, 2022 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net incom...

4 months ago - GlobeNewsWire

New Strong Buy Stocks for July 14th

CHMG, CQP, VRNA, JBI and SYY have been added to the Zacks Rank #1 (Strong Buy) List on July 14, 2022.

Other symbols: CQPJBISYYVRNA
4 months ago - Zacks Investment Research

Best Value Stocks to Buy for July 14th

CHMG, JBI, and SYY made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 14, 2022.

Other symbols: JBISYY
4 months ago - Zacks Investment Research

Best Income Stocks to Buy for July 14th

CHMG, SYY, and CQP made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 14, 2022.

Other symbols: CQPSYY
4 months ago - Zacks Investment Research

Chemung Financial (CHMG) Upgraded to Strong Buy: Here's Why

Chemung Financial (CHMG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

5 months ago - Zacks Investment Research

Should Value Investors Buy Chemung Financial Corp (CHMG) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

5 months ago - Zacks Investment Research

Best Income Stocks to Buy for June 8th

ARR, OUT, and CHMG made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 8, 2022.

Other symbols: ARROUT
5 months ago - Zacks Investment Research

New Strong Buy Stocks for June 8th

ARR, CHMG, SOI, BBW, and EPD have been added to the Zacks Rank #1 (Strong Buy) List on June 8, 2022.

Other symbols: ARRBBWEPDSOI
5 months ago - Zacks Investment Research

New Strong Buy Stocks for May 12th

BSM, CHMG, SOI, TAC, and GASS have been added to the Zacks Rank #1 (Strong Buy) List on May 12, 2022.

Other symbols: BSMGASSSOITAC
6 months ago - Zacks Investment Research

Best Income Stocks to Buy for May 12th

BSM, ARR, and CHMG made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 12, 2022.

Other symbols: ARRBSM
6 months ago - Zacks Investment Research

New Strong Buy Stocks for May 3rd

BSM, WLK, CHMG, WMB, and ASIX have been added to the Zacks Rank #1 (Strong Buy) List on May 3, 2022.

Other symbols: ASIXBSMWLKWMB
7 months ago - Zacks Investment Research

Best Value Stocks to Buy for May 3rd

ASIX, CHMG, and JBL made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 3, 2022.

Other symbols: ASIXJBL
7 months ago - Zacks Investment Research

Best Income Stocks to Buy for May 3rd

BSM, TRST, and CHMG made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 3, 2022.

Other symbols: BSMTRST
7 months ago - Zacks Investment Research