Chemung Financial CorpCHMG
CHMG
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
0
Funds holding %
of 7,290 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
300% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 4
113% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 15
16% more funds holding
Funds holding: 68 [Q3] → 79 (+11) [Q4]
3% more capital invested
Capital invested by funds: $95.9M [Q3] → $98.4M (+$2.44M) [Q4]
0.37% more ownership
Funds ownership: 41.96% [Q3] → 42.33% (+0.37%) [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
Low target
$57
12%
upside
Avg. target
$59
15%
upside
High target
$60
17%
upside
2 analyst ratings
0 positive
0%
2 neutral
100%
0 negative
0%
Piper Sandler Frank Schiraldi 80% 1-year accuracy 20 / 25 met price target | 12%upside $57 | Neutral Assumed | 20 Dec 2024 |
Keefe, Bruyette & Woods Christopher O'Connell 74% 1-year accuracy 17 / 23 met price target | 17%upside $60 | Market Perform Maintained | 4 Dec 2024 |
Financial journalist opinion
Based on 5 articles about CHMG published over the past 30 days
Positive
Zacks Investment Research
5 days ago
Is Chemung Financial Corp (CHMG) Stock Undervalued 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 value, growth, and momentum trends to underscore strong picks.
Neutral
GlobeNewsWire
5 days ago
Chemung Financial Corporation Announces Dividend Increase
ELMIRA, N.Y., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) announced today that its Board of Directors has approved a dividend increase of $0.01 per share, equal to a quarterly cash dividend of $0.32 per share, payable on April 1, 2025, to common stock shareholders of record as of the close of business on March 18, 2025. This represents a dividend increase of 3.2%.
Positive
Zacks Investment Research
3 weeks ago
Chemung Financial (CHMG) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Chemung Financial (CHMG) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
3 weeks ago
Chemung Financial (CHMG) Tops Q4 Earnings and Revenue Estimates
Chemung Financial (CHMG) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $0.81 per share a year ago.
Neutral
GlobeNewsWire
3 weeks ago
Chemung Financial Corporation Reports Annual Net Income of $23.7 million, or $4.96 per share, and Fourth Quarter 2024 Net Income of $5.9 million, or $1.24 per share
ELMIRA, N.Y., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $23.7 million, or $4.96 per share, for the year ended December 31, 2024, compared to $25.0 million, or $5.28 per share, for the year ended December 31, 2023. Net income was $5.9 million, or $1.24 per share, for the fourth quarter of 2024, compared to $5.7 million, or $1.19 per share, for the third quarter of 2024, and $3.8 million, or $0.80 per share, for the fourth quarter of 2023.
Positive
Zacks Investment Research
1 month ago
Chemung Financial (CHMG) Earnings Expected to Grow: What to Know Ahead of Q4 Release
Chemung Financial (CHMG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Zacks Investment Research
2 months ago
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 value, growth, and momentum trends to underscore strong picks.
Positive
Zacks Investment Research
2 months ago
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 value, growth, and momentum trends to underscore strong picks.
Neutral
GlobeNewsWire
3 months ago
Chemung Financial Corporation Announces Quarterly Dividend
ELMIRA, N.Y., Nov. 19, 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, payable on January 2, 2025, to common stock shareholders of record as of the close of business on December 19, 2024.
Positive
Zacks Investment Research
3 months ago
Is Chemung Financial Corp (CHMG) Stock Undervalued 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 value, growth, and momentum trends to underscore strong picks.
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