Chemung Financial CorpCHMG
About: Chemung Financial Corp is a bank holding firm. Through its subsidiaries, the company provides various financial services, including demand, savings, and time deposits, commercial, residential, and consumer loans, letters of credit, wealth management services, employee benefit plans, insurance products, mutual funds, and brokerage services, among others. The company's reportable segments are Core Banking, Wealth Management (WMG) services, and Holding company and CFS. Maximum revenue is generated from the Core Banking segment, which derives revenue by attracting deposits from the general public and using such funds to originate different types of loans, and to invest in securities. The Wealth Management (WMG) services segment provides trust and investment advisory services to clients.
Employees: 343
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
300% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 4
136% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 14
16% more funds holding
Funds holding: 68 [Q3] → 79 (+11) [Q4]
3% more capital invested
Capital invested by funds: $95.5M [Q3] → $98.4M (+$2.93M) [Q4]
0.57% more ownership
Funds ownership: 41.76% [Q3] → 42.33% (+0.57%) [Q4]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q3] → 1 (-1) [Q4]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Piper Sandler Frank Schiraldi 45% 1-year accuracy 13 / 29 met price target | 16%upside $50 | Neutral Maintained | 22 Apr 2025 |
Keefe, Bruyette & Woods Chris O'Cull 33% 1-year accuracy 11 / 33 met price target | 27%upside $55 | Market Perform Maintained | 22 Apr 2025 |
Financial journalist opinion
Based on 5 articles about CHMG published over the past 30 days
