Chemung Financial Corp (CHMG)

• Market cap: $238M
• 1 day: 0.70%
• 5 days: -8.50%
• 1 month: -0.10%
• 3 months: 2.71%
• 6 months: 18.91%
• Year to date: 0.22%
• 1 year: 0.30%
• 5 years: 11.72%
• 10 years: 82.27%
• Sector: Financials
• Industry: State Commercial Banks

About: Chemung Financial Corp is a bank holding firm. It provides financial services, including demand, savings, and time deposits, commercial, residential, and consumer loans, letters of credit, wealth management services, employee benefit plans, securities, and insurance brokerage services. Its business operations are organized into two lines of business: Banking, and Wealth Management services. It derives its revenues from the core banking business.

Employees: 339

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

60% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 15

8% more funds holding

Funds holding: 63 [Q2] → 68 (+5) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

0.81% less ownership

Funds ownership: 42.57% [Q2] → 41.76% (-0.81%) [Q3]

2% less capital invested

Capital invested by funds: $97.1M [Q2] → $95.5M (-$1.59M) [Q3]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $57 14% upside
• Avg. target: $59 17% upside
• High target: $60 20% upside

2 analyst ratings

• positive: 0 0%
• neutral: 2 100%
• negative: 0 0%

Piper Sandler Frank Schiraldi 65% 1-year accuracy 17 / 26 met price target	14% upside $57	Neutral Assumed	20 Dec 2024
Keefe, Bruyette & Woods Christopher O'Connell 70% 1-year accuracy 16 / 23 met price target	20% upside $60	Market Perform Maintained	4 Dec 2024