CHMG - Chemung Financial Corp Stock Price, Fair Value and News

43.41USD-0.09 (-0.21%)Market Closed

Market Summary

USD43.41-0.09

Market Closed

-0.21%

CHMG Stock Price

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CHMG RSI Chart

CHMG Valuation

Market Cap

206.3M

Price/Earnings (Trailing)

8.33

Price/Sales (Trailing)

1.75

EV/EBITDA

1.05

Price/Free Cashflow

7.4

CHMG Price/Sales (Trailing)

CHMG Profitability

EBT Margin

26.54%

Return on Equity

12.57%

Return on Assets

0.89%

Free Cashflow Yield

13.51%

CHMG Fundamentals

CHMG Revenue

Revenue (TTM)

118.1M

Rev. Growth (Yr)

19.02%

Rev. Growth (Qtr)

3.95%

CHMG Earnings

Earnings (TTM)

24.8M

Earnings Growth (Yr)

-3.03%

Earnings Growth (Qtr)

85.43%

Breaking Down CHMG Revenue

Last 7 days

0.3%

Last 30 days

9.1%

Last 90 days

-1.1%

Trailing 12 Months

24.5%

How does CHMG drawdown profile look like?

CHMG Financial Health

CHMG Investor Care

Dividend Yield

2.86%

Dividend/Share (TTM)

1.24

Shares Dilution (1Y)

0.89%

Diluted EPS (TTM)

5.22

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	118.1M	0	0	0
2023	90.2M	99.5M	107.5M	113.1M
2022	69.7M	71.3M	74.7M	81.5M
2021	67.3M	67.7M	68.7M	69.0M
2020	66.7M	66.4M	66.3M	66.9M
2019	65.5M	66.4M	67.0M	66.9M
2018	61.4M	62.6M	63.2M	64.6M
2017	56.5M	57.3M	58.8M	60.1M
2016	55.0M	55.4M	55.8M	56.2M
2015	53.5M	54.0M	54.3M	54.2M
2014	50.9M	51.5M	52.4M	53.2M
2013	51.3M	50.9M	50.3M	50.7M
2012	54.0M	53.5M	53.0M	52.1M
2011	42.1M	44.4M	47.4M	50.6M
2010	0	43.9M	43.3M	42.7M
2009	0	0	0	44.5M

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

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Tracking the Latest Insider Buys and Sells of Chemung Financial Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 01, 2024	archibold raimundo c. jr	sold	-17,942	42.2169	-425	-
Feb 20, 2024	meade joseph f iv	bought	3,654	43.5	84.00	-
Jan 18, 2024	tomson anders	sold (taxes)	-79,398	48.12	-1,650	president & ceo
Jan 17, 2024	gonick denise v	acquired	28,000	48.11	582	-
Jan 17, 2024	forrestel richard e jr	acquired	28,000	48.11	582	-
Jan 17, 2024	tomson anders	acquired	220,007	48.11	4,573	president & ceo
Jan 17, 2024	meade joseph f iv	acquired	28,000	48.11	582	-
Jan 17, 2024	buicko david m	acquired	32,137	48.11	668	-
Jan 17, 2024	meade joseph f iv	bought	28,000	48.11	582	-
Jan 17, 2024	archibold raimundo c. jr	acquired	28,000	48.11	582	-

Which funds bought or sold CHMG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-38.99	-13,782	14,953	-%
May 15, 2024	CAPTRUST FINANCIAL ADVISORS	reduced	-30.81	-203,959	293,648	-%
May 15, 2024	Royal Bank of Canada	reduced	-23.63	-63,000	116,000	-%
May 15, 2024	CITADEL ADVISORS LLC	reduced	-10.14	-92,643	304,114	-%
May 15, 2024	STATE STREET CORP	added	0.98	-305,419	1,911,770	-%
May 15, 2024	MORGAN STANLEY	reduced	-6.31	-330,120	1,314,100	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	reduced	-32.51	-164,445	223,148	-%
May 15, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	added	10.02	-171,161	2,611,710	0.05%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-90.48	-15,374	1,359	-%
May 15, 2024	FIRST MANHATTAN CO. LLC.	reduced	-16.28	-814,032	2,033,430	0.01%

Are Funds Buying or Selling CHMG?

Are funds buying CHMG calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CHMG

No. of Funds

Unveiling Chemung Financial Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	fourthstone llc	8.07%	380,882	SC 13G
Feb 09, 2024	dalrymple robert h	4.99%	237,319	SC 13G/A
Feb 08, 2024	dalrymple family ltd partnership	7.1%	339,242	SC 13G/A
Feb 16, 2023	chemung financial corp	8.35%	392,120	SC 13G/A
Feb 14, 2023	dalrymple robert h	5.04%	236,653	SC 13G/A
Feb 13, 2023	dalrymple family ltd partnership	7.3%	343,542	SC 13G/A
Feb 08, 2023	fj capital management llc	1.98%	92,505	SC 13G/A
Feb 11, 2022	dalrymple robert h	5.03%	10	SC 13G/A
Feb 11, 2022	dalrymple family ltd partnership	7.3%	343,542	SC 13G/A
Feb 10, 2022	fj capital management llc	7.57%	352,922	SC 13G/A

Recent SEC filings of Chemung Financial Corp

View All Filings

Date Filed	Form Type	Document
May 08, 2024	10-Q	Quarterly Report
Apr 24, 2024	SC 13G/A	Major Ownership Report
Apr 24, 2024	DEFA14A	DEFA14A
Apr 24, 2024	DEF 14A	DEF 14A
Apr 24, 2024	ARS	ARS
Apr 18, 2024	8-K	Current Report
Mar 13, 2024	10-K	Annual Report
Mar 01, 2024	4	Insider Trading
Feb 21, 2024	8-K	Current Report
Feb 21, 2024	4/A	Insider Trading

Peers (Alternatives to Chemung Financial Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

Chemung Financial Corp News

Latest updates

Chemung Financial Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	3.9%	31.00	30.00	29.00	28.00	26.00	24.00	21.00	19.00	17.00	18.00	18.00	17.00	17.00	17.00	17.00	16.00	16.00	17.00	17.00	17.00	17.00
EBITDA Margin	-6.0%	0.90*	0.95*	1.08*	1.16*	1.30*	1.39*	1.45*	1.49*	1.48*	1.48*	1.45*	1.44*	-	-	-	-	-	-	-	-	-
Interest Expenses	1.1%	18.00	18.00	18.00	19.00	20.00	21.00	19.00	18.00	17.00	17.00	17.00	16.00	16.00	16.00	16.00	16.00	15.00	15.00	15.00	15.00	15.00
Income Taxes	142.3%	2.00	1.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	1.00	1.00	1.00	1.00	1.00	0.00	1.00	1.00
Earnings Before Taxes	95.7%	9.00	5.00	10.00	8.00	9.00	10.00	8.00	10.00	9.00	8.00	8.00	9.00	8.00	7.00	7.00	7.00	3.00	5.00	2.00	6.00	6.00
EBT Margin	-4.7%	0.27*	0.28*	0.34*	0.35*	0.41*	0.45*	0.48*	0.50*	0.49*	0.49*	0.47*	0.46*	-	-	-	-	-	-	-	-	-
Net Income	85.4%	7.00	4.00	8.00	6.00	7.00	7.00	6.00	8.00	7.00	6.00	7.00	7.00	7.00	5.00	6.00	6.00	2.00	4.00	2.00	5.00	4.00
Net Income Margin	-5.1%	0.21*	0.22*	0.27*	0.28*	0.32*	0.35*	0.37*	0.39*	0.38*	0.38*	0.37*	0.36*	-	-	-	-	-	-	-	-	-
Free Cashflow	117.1%	8.00	4.00	9.00	7.00	10.00	2.00	14.00	12.00	6.00	9.00	9.00	9.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	2.7%	2,785	2,711	2,708	2,675	2,654	2,646	2,551	2,450	2,475	2,418	2,418	2,381	2,442	2,279	2,165	2,051	1,841	1,788	1,794	1,753	1,770
Cash Equivalents	157.4%	95.00	37.00	76.00	54.00	35.00	56.00	42.00	30.00	65.00	27.00	62.00	57.00	157	109	150	155	144	122	146	116	126
Net PPE	-100.0%	-	15.00	-	-	-	16.00	-	-	-	-	-	-	20.00	20.00	21.00	21.00	22.00	22.00	23.00	24.00	24.00
Goodwill	0%	22.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00
Liabilities	2.9%	2,588	2,515	2,538	2,497	2,477	2,479	2,396	2,275	2,289	2,207	2,212	2,177	2,248	2,080	1,968	1,856	1,651	1,605	1,612	1,575	1,598
Shareholder's Equity	1.0%	197	195	170	177	177	166	156	175	186	211	206	204	195	200	197	195	190	183	182	178	172
Retained Earnings	2.4%	236	230	228	221	217	212	206	201	194	189	184	179	173	168	164	160	155	154	151	150	146
Additional Paid-In Capital	0.0%	48.00	48.00	48.00	48.00	47.00	47.00	47.00	47.00	47.00	47.00	47.00	47.00	47.00	47.00	47.00	47.00	47.00	46.00	46.00	46.00	46.00
Shares Outstanding	0.7%	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	145	-	-	-	177	-	-	-	166	-	-	-	104	-	-	-	185	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	119.2%	7,934	3,620	9,396	7,179	10,686	2,362	14,800	11,901	5,984	8,883	9,167	9,206	8,205	8,672	5,659	8,034	6,294	4,597	8,436	6,128	7,244
Cashflow From Investing	37.4%	-17,866	-28,539	-19,148	-4,771	-29,923	-77,044	-105,331	-25,268	-44,977	-37,815	-38,468	-35,796	-130,405	-159,759	-121,094	-196,189	-18,806	-23,438	-12,831	11,079	-7,521
Cashflow From Financing	591.9%	67,947	-13,814	31,106	17,177	-1,991	88,128	103,186	-22,348	77,495	-5,784	34,201	-73,612	170,661	109,723	110,175	198,859	35,066	-5,553	34,233	-26,557	-3,885
Dividend Payments	0.5%	1,470	1,463	1,463	1,459	1,455	1,450	1,448	1,449	1,450	1,445	1,448	1,211	1,214	1,229	1,247	1,267	1,263	1,260	1,259	1,256	1,254
Buy Backs	-62.4%	82.00	218	-	-	98.00	238	-	-	695	566	4.00	245	801	2,452	1,816	3,321	-	-	-	-	-

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CHMG Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest and dividend income:
Loans, including fees	$ 27,198	$ 22,289
Taxable securities	3,557	3,583
Tax exempt securities	258	261
Interest-earning deposits	206	97
Total interest and dividend income	31,219	26,230
Interest expense:
Deposits	12,145	5,387
Borrowed funds	985	896
Total interest expense	13,130	6,283
Net interest income	18,089	19,947
Provision (credit) for credit losses	(2,040)	277
Net interest income after provision for credit losses	20,129	19,670
Non-interest income:
Changes in fair value of equity investments	101	72
Net gains (losses) on sales of loans held for sale	32	5
Net gains on sales of other real estate owned	9	10
Other	800	682
Total non-interest income	5,657	5,423
Non-interest expenses:
Salaries and wages	7,016	6,783
Pension and other employee benefits	2,082	1,680
Other components of net periodic pension and postretirement benefits	(232)	(174)
Net occupancy	1,493	1,465
Furniture and equipment	398	418
Data processing	2,573	2,381
Professional services	559	440
Marketing and advertising	345	332
Other real estate owned	49	38
FDIC insurance	577	497
Loan expense	255	232
Other	1,583	1,744
Total non-interest expenses	16,698	15,836
Income before income tax expense	9,088	9,257
Income tax expense	2,038	1,987
Net income	$ 7,050	$ 7,270
Weighted average shares outstanding, basic (in shares)	4,764	4,721
Weighted average shares outstanding, diluted (in shares)	4,764	4,721
Basic earnings per share (in dollars per share)	$ 1.48	$ 1.54
Diluted earnings per share (in dollars per share)	$ 1.48	$ 1.54
WMG fee income
Non-interest income:
Revenues from contracts with customer	$ 2,703	$ 2,580
Service charges on deposit accounts
Non-interest income:
Revenues from contracts with customer	949	941
Interchange revenue from debit card transactions
Non-interest income:
Revenues from contracts with customer	$ 1,063	$ 1,133

CHMG Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and due from financial institutions	$ 22,984	$ 22,247
Interest-earning deposits in other financial institutions	71,878	14,600
Total cash and cash equivalents	94,862	36,847
Equity investments, at estimated fair value	3,093	3,046
Securities available for sale, at estimated fair value (amortized cost of $656,640, at March 31, 2024 and $669,092 at December 31, 2023, net of allowance for credit losses on securities of $0 at March 31, 2024 and December 31, 2023, respectively)	566,028	583,993
Securities held to maturity	785	785
FHLBNY and FRBNY Stock, at cost	4,071	5,498
Loans, net of deferred loan fees	2,003,610	1,972,664
Allowance for credit losses	(20,471)	(22,517)
Loans, net	1,983,139	1,950,147
Loans held for sale	96	0
Premises and equipment, net	14,183	14,571
Operating lease right-of-use assets	6,018	5,648
Goodwill	21,824	21,824
Bank-owned life insurance	2,923	2,914
Interest rate swap assets	25,806	23,942
Accrued interest receivable and other assets	62,062	61,314
Total assets	2,784,890	2,710,529
Deposits:
Non-interest-bearing	656,330	653,166
Interest-bearing	1,824,442	1,776,261
Total deposits	2,480,772	2,429,427
FHLBNY overnight advances	0	31,920
FRB term advance	50,000	0
Long term finance lease obligation	2,979	3,050
Operating lease liabilities	6,197	5,827
Dividends payable	1,473	1,469
Interest rate swap liabilities	25,811	23,981
Accrued interest payable and other liabilities	20,530	19,614
Total liabilities	2,587,762	2,515,288
Shareholders' equity:
Common stock, $0.01 par value per share, 10,000,000 shares authorized; 5,310,076 issued at March 31, 2024 and December 31, 2023	53	53
Additional paid-in capital	47,794	47,773
Retained earnings	235,506	229,930
Treasury stock, at cost; 559,226 shares at March 31, 2024 and 572,663 shares at December 31, 2023	(16,147)	(16,502)
Accumulated other comprehensive loss	(70,078)	(66,013)
Total shareholders' equity	197,128	195,241
Total liabilities and shareholders' equity	$ 2,784,890	$ 2,710,529

About Chemung Financial Corp

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 term loans; and interest rate swaps, letters of credit, wealth management, employee benefit plans, insurance products, mutual fund, and brokerage services. In addition, the company provides annuities, brokerage, and tax preparation services. Further, it offers guardian, custodian, and trustee services, as well as acts as an agent for pension, profit-sharing, and other employee benefit trusts; and various investment, pension, estate planning, and employee benefit administrative services. Chemung Financial Corporation was founded in 1833 and is headquartered in Elmira, New York.

CEO	Mr. Anders M. Tomson
WEBSITE	chemungcanal.com
INDUSTRY	Banks Diversified
EMPLOYEES	340

Chemung Financial Corp Frequently Asked Questions

What is the ticker symbol for Chemung Financial Corp? What does CHMG stand for in stocks?

CHMG is the stock ticker symbol of Chemung Financial Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Chemung Financial Corp (CHMG)?

As of Fri May 17 2024, market cap of Chemung Financial Corp is 206.3 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CHMG stock?

You can check CHMG's fair value in chart for subscribers.

What is the fair value of CHMG stock?

You can check CHMG's fair value in chart for subscribers. The fair value of Chemung Financial Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Chemung Financial Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CHMG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Chemung Financial Corp a good stock to buy?

The fair value guage provides a quick view whether CHMG is over valued or under valued. Whether Chemung Financial Corp is cheap or expensive depends on the assumptions which impact Chemung Financial Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CHMG.

What is Chemung Financial Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, CHMG's PE ratio (Price to Earnings) is 8.33 and Price to Sales (PS) ratio is 1.75. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CHMG PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Chemung Financial Corp's stock?

In the past 10 years, Chemung Financial Corp has provided 0.074 (multiply by 100 for percentage) rate of return.