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Chemung Financial ( (CHMG) ) has shared an announcement.
Chemung Financial Corporation announced its participation in the 2025 KBW Community Bank Investor Conference, where management will meet with institutional investors to discuss strategies and recent financial performance. The company highlighted its stable deposit base, strategic balance sheet restructuring, and expansion into higher growth markets like Albany and Buffalo. Recent financial activities include issuing $45 million in subordinated notes and selling $245.5 million in securities, resulting in a $17.5 million pre-tax loss. These moves are expected to enhance profitability metrics and support capital ratios, reflecting a strategic focus on growth and operational efficiency.
The most recent analyst rating on (CHMG) stock is a Hold with a $57.00 price target. To see the full list of analyst forecasts on Chemung Financial stock, see the CHMG Stock Forecast page.
Spark’s Take on CHMG Stock
According to Spark, TipRanks’ AI Analyst, CHMG is a Neutral.
Chemung Financial scores well due to its strong financial performance and reasonable valuation. The technical analysis indicates positive momentum, although caution is advised due to potential overbought conditions. Recent corporate actions are strategic, though they have mixed short-term impacts.
To see Spark’s full report on CHMG stock, click here.
More about Chemung Financial
Chemung Financial Corporation is the oldest locally owned and managed community bank in New York State, operating since 1833. It operates through its subsidiary, Chemung Canal Trust Company, with 30 branches across 14 counties in New York and Pennsylvania. The company also operates as Capital Bank in Albany and Canal Bank in Buffalo, offering trust and wealth management services with $2.3 billion in assets under management. It is a New York chartered bank and a member of the Federal Reserve, listed on NASDAQ Global Select with a market capitalization of $233.1 million as of June 30, 2025.
Average Trading Volume: 12,463
Technical Sentiment Signal: Buy
Current Market Cap: $253.1M
Learn more about CHMG stock on TipRanks’ Stock Analysis page.