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Chemung Financial
(NASDAQ:CHMG)
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Rating:70Outperform
Price Target:
$89.00
â–²(7.75% Upside)
Action:Reiterated
Date:10/01/26
CHMG scores well primarily on solid financial performance (strong profitability and cash conversion) and favorable valuation (moderate P/E with a dividend). The score is held back by weaker near-term technical momentum (negative MACD, RSI ~42, price below shorter-term averages) and some balance-sheet leverage variability, while recent corporate events provide a modest positive tailwind.
Positive Factors
Strong cash generation
Robust operating and free cash flow show that reported earnings are translating into liquidity, giving Chemung capacity to support lending, invest in operations, and return capital. High conversion also strengthens resilience because growth is supported by internally generated cash.
Negative Factors
Softening revenue trend
Recent top-line softness constrains the sustainability of Chemung’s otherwise strong earnings profile. Continued flat or declining revenue could limit operating leverage, reduce resources available for expansion, and make future profit growth more dependent on margins or cost control.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Robust operating and free cash flow show that reported earnings are translating into liquidity, giving Chemung capacity to support lending, invest in operations, and return capital. High conversion also strengthens resilience because growth is supported by internally generated cash.
Read all positive factors
Chemung Financial (CHMG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$388.32M
Dividend Yield1.71%
Average Volume (3M)72.76K
Price to Earnings (P/E)11.6
Beta (1Y)0.53
Revenue Growth18.42%
EPS Growth190.13%
CountryUS
Employees348
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)6.96
Shares Outstanding4,821,472
10 Day Avg. Volume80,943
30 Day Avg. Volume72,763
Financial Highlights & Ratios
PEG Ratio-0.48
Price to Book (P/B)1.05
Price to Sales (P/S)1.92
P/FCF Ratio6.13
Enterprise Value/Market Cap1.22
Enterprise Value/Revenue3.42
Enterprise Value/Gross Profit5.07
Enterprise Value/Ebitda19.66
Forecast
1Y Price Target
$87.67Price Target Upside6.13% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)7.59
Revenue Forecast (FY)$125.04M
Chemung Financial Business Overview & Revenue Model
Company Description
Chemung Financial Corporation (CFC) functions as the parent company for Chemung Canal Trust Company, providing a comprehensive suite of banking, financing, and fiduciary services. CFC offers a diverse array of deposit products, including demand, s...
How the Company Makes Money
Chemung Financial primarily makes money through traditional banking activities conducted by its bank subsidiary. The largest revenue driver is typically net interest income: the company earns interest and fees on loans (e.g., commercial and indust...
Chemung Financial Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
63
Positive
Cash Flow
79
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 138.56M | 139.94M | 149.61M | 136.58M | 101.91M | 91.84M |
| Gross Profit | 93.59M | 89.83M | 96.15M | 94.70M | 95.17M | 88.41M |
| EBITDA | 24.11M | 22.60M | 32.10M | 34.30M | 39.91M | 37.26M |
| Net Income | 33.54M | 15.10M | 23.67M | 25.00M | 28.78M | 26.43M |
Balance Sheet | ||||||
| Total Assets | 2.82B | 2.71B | 2.78B | 2.71B | 2.65B | 2.42B |
| Cash, Cash Equivalents and Short-Term Investments | 357.01M | 303.37M | 468.77M | 620.84M | 688.46M | 819.01M |
| Total Debt | 142.37M | 4.94M | 118.52M | 40.80M | 105.76M | 25.54M |
| Total Liabilities | 2.55B | 2.46B | 2.56B | 2.52B | 2.48B | 2.21B |
| Stockholders Equity | 270.36M | 254.71M | 215.31M | 195.24M | 166.39M | 211.46M |
Cash Flow | ||||||
| Free Cash Flow | 45.39M | 43.81M | 26.19M | 30.42M | 34.62M | 35.09M |
| Operating Cash Flow | 46.85M | 45.50M | 29.82M | 30.88M | 35.05M | 35.46M |
| Investing Cash Flow | -216.36M | 68.32M | -57.72M | -82.38M | -252.62M | -242.48M |
| Financing Cash Flow | -77.42M | -110.76M | 38.10M | 32.48M | 246.46M | 125.47M |
Chemung Financial Technical Analysis
Neutral
82.60
Price Trends
82.22
Negative
77.58
Positive
67.84
Positive
Market Momentum
-0.34
Positive
42.28
Neutral
43.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CHMG, the sentiment is Neutral. The current price of 82.6 is above the 20-day moving average (MA) of 82.01, above the 50-day MA of 82.22, and above the 200-day MA of 67.84, indicating a neutral trend. The MACD of -0.34 indicates Positive momentum. The RSI at 42.28 is Neutral, neither overbought nor oversold. The STOCH value of 43.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CHMG.
Chemung Financial Risk Analysis
Chemung Financial disclosed 40 risk factors in its most recent earnings report. Chemung Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Chemung Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $348.51M | 11.18 | 11.72% | 2.59% | 6.41% | 17.50% | |
77 Outperform | $317.90M | 10.37 | 12.67% | 3.14% | 8.67% | 27.93% | |
70 Outperform | $388.32M | 11.61 | 12.98% | 1.71% | 18.42% | 190.13% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $378.19M | 7.06 | 12.75% | 2.62% | 13.18% | 1682.10% | |
67 Neutral | $284.48M | 13.71 | 8.48% | 3.00% | 11.11% | 24.17% | |
64 Neutral | $378.60M | 8.28 | 13.87% | 2.36% | 10.63% | 49.94% |
* Financial Sector Average
CHMG
Chemung Financial
80.54
31.19
63.21%
PKBK
Parke Bancorp
32.19
12.28
61.65%
FRST
Primis Financial
15.25
5.41
55.06%
TSBK
Timberland Bancorp
44.82
14.17
46.21%
FDBC
Fidelity D & D Bancorp
54.73
13.45
32.58%
ISBA
Isabella Bank
37.29
1.77
4.97%
Chemung Financial Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Chemung Financial completes conversion to national banking charter
Positive
Oct 1, 2026
On October 1, 2026, Chemung Canal Trust Company completed its conversion from a New York chartered trust company to a national bank, following approval by the Office of the Comptroller of the Currency. The institution will now operate as Chemung C...
Business Operations and StrategyDividendsFinancial Disclosures
Chemung Financial Boosts Quarterly Dividend, Signals Ongoing Strength
Positive
Aug 19, 2026
On August 19, 2026, Chemung Financial Corporation announced that its Board of Directors approved a $0.02 per share increase in the quarterly cash dividend, bringing it to $0.36 per share. The dividend will be payable on October 1, 2026, to common ...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and FinancingRegulatory Filings and Compliance
Chemung Financial posts strong Q2 2026 earnings performance
Positive
Jul 27, 2026
Chemung Financial Corporation, a long-established community bank headquartered in Elmira with branch operations across New York and Pennsylvania, combines traditional banking services with a growing wealth management business that oversees $2.5 bi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.