Chemung Financial Corporation (CHMG)

NASDAQ: CHMG · IEX Real-Time Price · USD
42.97
+0.37 (0.87%)
Feb 23, 2024, 4:00 PM EST - Market closed
0.87%
Market Cap 202.93M
Revenue (ttm) 99.48M
Net Income (ttm) 28.64M
Shares Out 4.72M
EPS (ttm) 6.06
PE Ratio 7.09
Forward PE 9.38
Dividend $1.24 (2.89%)
Ex-Dividend Date Mar 15, 2024
Volume 2,644
Open 42.30
Previous Close 42.60
Day's Range 42.30 - 42.99
52-Week Range 33.72 - 51.36
Beta 0.25
Analysts Hold
Price Target 49.00 (+14.03%)
Earnings Date Apr 18, 2024

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]

Sector Financials
Founded 1833
Employees 340
Stock Exchange NASDAQ
Ticker Symbol CHMG
Full Company Profile

Financial Performance

In 2022, CHMG's revenue was $96.17 million, an increase of 7.52% compared to the previous year's $89.44 million. Earnings were $28.78 million, an increase of 8.92%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for CHMG stock is "Hold" and the 12-month stock price forecast is $49.0.

Price Target
$49.0
(14.03% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Chemung Financial Corporation Announces Quarterly Dividend

ELMIRA, N.Y., Feb. 21, 2024 (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, paya...

4 days ago - GlobeNewsWire

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

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

4 weeks ago - GlobeNewsWire

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

ELMIRA, N.Y., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net inc...

4 months ago - GlobeNewsWire

Chemung Financial Corporation Reports Second Quarter 2023 Net Income of $6.3 million, or $1.33 per Share

ELMIRA, N.Y., July 20, 2023 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net inc...

7 months ago - GlobeNewsWire

Chemung Canal Trust Company Appoints New Executive Vice President, Chief Financial Officer & Treasurer

ELMIRA, N.Y., June 02, 2023 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (NASDAQ: CHMG), parent company of Chemung Canal Trust Company, today announced that Dale M. McKim III will join the Bank's...

9 months ago - GlobeNewsWire

Chemung Financial Corporation Reports First Quarter 2023 Net Income of $7.3 million, or $1.54 per Share

ELMIRA, N.Y., April 20, 2023 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net in...

11 months ago - GlobeNewsWire

Chemung Financial Corporation Reports Annual Net Income of $28.8 million, or $6.13 per share, and Fourth Quarter 2022 Net Income of $7.4 million, or $1.58 per Share

ELMIRA, N.Y., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net inc...

1 year 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 inc...

1 year ago - GlobeNewsWire

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 inc...

1 year ago - GlobeNewsWire

Chemung Financial Corporation Reports First Quarter 2022 Net Income of $6.9 million, or $1.46 per Share

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

2 years ago - GlobeNewsWire

Chemung Financial Corporation Reports Annual Net Income of $26.4 million, or $5.64 per Share, and Fourth Quarter 2021 Net Income of $6.5 million, or $1.38 per Share

ELMIRA, N.Y., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net inc...

2 years ago - GlobeNewsWire

Chemung Financial Corporation Reports Third Quarter 2021 Net Income of $6.6 million, or $1.42 per Share

ELMIRA, N.Y, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net inco...

2 years ago - GlobeNewsWire

Chemung Financial Corporation Reports Second Quarter 2021 Net Income of $6.8 million, or $1.45 per Share

ELMIRA, N.Y., July 22, 2021 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net inc...

2 years ago - GlobeNewsWire

Chemung Financial Corporation Announces Dividend Increase

ELMIRA, N.Y., May 20, 2021 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) announced today that its Board of Directors has approved a dividend increase of $0.05 per share, equal to a ...

3 years ago - GlobeNewsWire

Chemung Financial Corporation Reports First Quarter 2021 Net Income of $6.5 million, or $1.39 per Share

ELMIRA, N.Y., April 22, 2021 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net in...

3 years ago - GlobeNewsWire

Chemung Financial Corporation Reports Annual Net Income of $19.3 million, or $4.01 per Share, and Fourth Quarter 2020 Net Income of $5.2 million, or $1.11 per Share

ELMIRA, N.Y., Jan. 22, 2021 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net inc...

3 years ago - GlobeNewsWire

Chemung Financial Corporation Announces Approval of New Stock Repurchase Program

ELMIRA, N.Y., Jan. 08, 2021 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (NASDAQ: CHMG), the parent company of Chemung Canal Trust Company, announced today that the Board of D...

3 years ago - GlobeNewsWire

Chemung Financial Corporation Reports Third Quarter 2020 Net Income of $5.7 million, or $1.19 per Share

ELMIRA, N.Y., Oct. 19, 2020 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net inc...

3 years ago - GlobeNewsWire

Chemung Financial Corporation Reports Second Quarter 2020 Net Income of $5.8 million, or $1.20 per Share

ELMIRA, N.Y., July 20, 2020 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net i...

3 years ago - GlobeNewsWire

Chemung Financial Corporation Announces Quarterly Dividend

ELMIRA, N.Y., Feb. 20, 2020 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.26 per share, pa...

4 years ago - GlobeNewsWire

Chemung Canal Trust Company Announces Upcoming Closing of Towanda Office

ELMIRA, N.Y., Jan. 28, 2020 (GLOBE NEWSWIRE) -- Chemung Canal Trust Company (CCTC) today announced that it will be closing its branch office on Main Street in Towanda, at the close of business on Th...

4 years ago - GlobeNewsWire

CORRECTION – Chemung Financial Corporation Announces Quarterly Dividend

ELMIRA, N.Y., Dec. 16, 2019 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier on December 13, 2019 by Chemung Financial Corporation (Nasdaq: CHMG) please note that in the first...

4 years ago - GlobeNewsWire

Chemung Financial Corporation Announces Quarterly Dividend

ELMIRA, N.Y., Dec. 13, 2019 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.26 per share, pa...

4 years ago - GlobeNewsWire

Chemung Canal Trust Company Executive Set to Retire

ELMIRA, N.Y., Dec. 03, 2019 (GLOBE NEWSWIRE) -- Chemung Canal Trust Company today announced that Karen R. Makowski, Executive Vice President and Chief Risk Officer, will be retiring on January 2, 20...

4 years ago - GlobeNewsWire

Chemung Financial Corporation Reports Third Quarter 2019 Net Income of $2.0 Million, or $0.40 per Share

ELMIRA, N.Y., Oct. 18, 2019 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net i...

4 years ago - GlobeNewsWire