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Chemung Financial
(NASDAQ:CHMG)
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Rating:76Outperform
Price Target:
$95.00
â–²(15.01% Upside)
Action:Reiterated
Date:08/19/26
CHMG scores well primarily due to solid financial performance (strong TTM profitability and excellent cash conversion) and supportive technical momentum (price above key moving averages with a positive MACD). Valuation is reasonable at a low-teens P/E with a modest dividend yield, while the main risk tempering the score is weakening revenue momentum and leverage variability on the balance sheet.
Positive Factors
Strong Cash Generation
Robust operating and free cash flow indicate that reported earnings are converting into liquidity. High conversion supports organic growth, capital investment, dividends and balance-sheet resilience, giving the bank durable financial flexibility.
Negative Factors
Softening Revenue Trend
Recent top-line contraction suggests that prior growth momentum has moderated. If loan demand, asset yields or fee growth remain subdued, slower revenue expansion could limit operating leverage and make future earnings more dependent on cost control.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
Robust operating and free cash flow indicate that reported earnings are converting into liquidity. High conversion supports organic growth, capital investment, dividends and balance-sheet resilience, giving the bank durable financial flexibility.
Read all positive factors
Chemung Financial (CHMG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$398.25M
Dividend Yield1.68%
Average Volume (3M)8.71K
Price to Earnings (P/E)11.7
Beta (1Y)0.52
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. Volume6,565
30 Day Avg. Volume8,708
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$81.00Price Target Upside-1.94% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)7.47
Revenue Forecast (FY)$123.94M
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 (1) net interest income and (2) noninterest income. Net interest income is earned on the spread between interest and fees collected on earning assets—most notably commercial real estate loans, commer...
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 | 23.17M | 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
78.17
Positive
72.09
Positive
63.53
Positive
Market Momentum
1.16
Positive
49.59
Neutral
33.32
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 82.35, above the 50-day MA of 78.17, and above the 200-day MA of 63.53, indicating a neutral trend. The MACD of 1.16 indicates Positive momentum. The RSI at 49.59 is Neutral, neither overbought nor oversold. The STOCH value of 33.32 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 | $357.99M | 11.51 | 11.72% | 2.55% | 6.41% | 17.50% | |
77 Outperform | $311.51M | 10.11 | 12.67% | 3.28% | 8.67% | 27.93% | |
76 Outperform | $398.25M | 11.65 | 12.98% | 1.68% | 18.42% | 190.13% | |
76 Outperform | $399.89M | 8.67 | 13.87% | 2.23% | 10.63% | 49.94% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $398.27M | 7.46 | 12.75% | 3.06% | 13.18% | 1682.10% | |
67 Neutral | $299.05M | 14.15 | 8.48% | 2.86% | 11.11% | 24.17% |
* Financial Sector Average
CHMG
Chemung Financial
80.86
28.49
54.39%
PKBK
Parke Bancorp
33.72
11.63
52.64%
FRST
Primis Financial
16.11
5.22
47.89%
TSBK
Timberland Bancorp
46.17
13.77
42.50%
FDBC
Fidelity D & D Bancorp
53.39
9.84
22.60%
ISBA
Isabella Bank
38.48
5.37
16.23%
Chemung Financial Corporate Events
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...
Executive/Board ChangesShareholder Meetings
Chemung Financial Shareholders Reelect Directors, Back Governance Proposals
Positive
Jun 2, 2026
At its Annual Meeting of Shareholders held on June 2, 2026, Chemung Financial shareholders elected directors Richard E. Forrestel Jr., Stephen M. Lounsberry III, Anders M. Tomson, and G. Thomas Tranter Jr. to three-year terms, reaffirming the curr...
Dividends
Chemung Financial Announces Quarterly Cash Dividend Declaration
Positive
May 21, 2026
On May 21, 2026, Chemung Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.34 per share, payable on July 1, 2026, to common stock shareholders of record as of the close of business on June 17, 202...
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.