Chemung Financial (CHMG) AI Stock Analysis

• Market Cap: $248.00M
• Dividend Yield: 2.51%
• Average Volume (3M): 8.71K
• Price to Earnings (P/E): 18.4
• Beta (1Y): 0.52
• Revenue Growth: -6.25%
• EPS Growth: -38.27%
• Country: US
• Employees: 343
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 1.62
• Shares Outstanding: 4,790,939
• 10 Day Avg. Volume: 6,565
• 30 Day Avg. Volume: 8,708
• PEG Ratio: -1.62
• Price to Book (P/B): 1.08
• Price to Sales (P/S): 1.56
• P/FCF Ratio: 8.89
• Enterprise Value/Market Cap: 1.23
• Enterprise Value/Revenue: 2.25
• Enterprise Value/Gross Profit: 3.74
• Enterprise Value/Ebitda: 18.94
• 1Y Price Target: $60.00
• Price Target Upside: 16.71% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 65 Neutral
• Price Target: $56.00 ▲(8.93% Upside)

Chemung Financial's overall stock score is primarily influenced by its stable financial position and strong cash flow generation. However, the declining revenue growth and reduced profitability margins are significant concerns. The technical analysis indicates mixed signals, and the valuation is fair but not particularly compelling. The absence of earnings call data and corporate events limits further insights.

Chemung Financial Business Overview & Revenue Model

Company Description

Chemung Financial Corporation (CHMG) is a financial services holding company based in Elmira, New York. It operates through its principal subsidiary, Chemung Canal Trust Company, which provides a range of banking, investment, and insurance services to individuals and businesses. The company primarily serves customers in the Southern Tier and Finger Lakes regions of New York and offers products such as personal and commercial banking, wealth management, mortgage lending, and trust services.

How the Company Makes Money

Chemung Financial generates revenue primarily through interest income from loans and investment securities, as well as non-interest income from service fees, wealth management services, and insurance commissions. Key revenue streams include interest earned on mortgages, business loans, and other credit products, which are fundamental to its banking operations. Additionally, the bank collects fees for various services, such as account maintenance and transaction processing. The company also earns money through its investment management and trust services, which provide advisory services and manage client assets for a fee. Strategic partnerships with other financial institutions and service providers further enhance its offerings, contributing to its overall earnings.

Chemung Financial Financial Statement Overview

Summary

Chemung Financial presents a solid financial profile characterized by consistent revenue growth, robust equity position, and effective cash management. While profitability margins have shown some pressure recently, the overall financial health remains strong, supported by low leverage and significant equity growth.

Income Statement

Chemung Financial has demonstrated consistent revenue growth over the years, with a notable increase in total revenue from $86.9 million in 2020 to $150.3 million in TTM (Trailing-Twelve-Months) 2025. The gross profit margin remains strong, averaging around 63%, and the net profit margin has been stable, indicating effective cost management. However, there is a decline in EBIT and EBITDA margins in the TTM period compared to prior years, suggesting potential pressures on operating efficiencies.

Balance Sheet

The balance sheet of Chemung Financial reflects strong equity growth, with stockholders' equity increasing from $199.7 million in 2020 to $228.3 million in TTM 2025. The debt-to-equity ratio remains low, enhancing financial stability, typical for regional banks. The equity ratio is healthy, indicating a robust financial structure and low leverage risk. This stability is crucial for a financial institution, reducing risk exposure.

Cash Flow

Cash flow analysis reveals a positive trend in operating cash flow, which increased significantly from $28.6 million in 2020 to $29.0 million in TTM 2025. The Free Cash Flow to Net Income ratio is favorable, suggesting effective cash management and operational efficiency. However, fluctuations in free cash flow growth indicate some volatility in cash generation, which could affect future liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	135.84M	149.61M	136.58M	101.91M	91.84M	86.86M
Gross Profit	81.64M	96.15M	94.70M	95.17M	88.41M	78.63M
EBITDA	16.12M	32.10M	34.30M	39.91M	37.26M	28.13M
Net Income	11.21M	23.67M	25.00M	28.78M	26.43M	19.26M
Balance Sheet
Total Assets	2.85B	2.78B	2.71B	2.65B	2.42B	2.28B
Cash, Cash Equivalents and Short-Term Investments	323.16M	468.77M	620.84M	688.46M	819.01M	663.15M
Total Debt	108.08M	118.52M	40.80M	105.76M	25.54M	11.11M
Total Liabilities	2.62B	2.56B	2.52B	2.48B	2.21B	2.08B
Stockholders Equity	234.97M	215.31M	195.24M	166.39M	211.46M	199.70M
Cash Flow
Free Cash Flow	29.11M	26.19M	30.42M	34.62M	35.09M	27.79M
Operating Cash Flow	32.32M	29.82M	30.88M	35.05M	35.46M	28.66M
Investing Cash Flow	152.98M	-57.72M	-82.38M	-252.62M	-242.48M	-495.85M
Financing Cash Flow	64.54M	38.10M	32.48M	246.46M	125.47M	453.82M

Chemung Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 51.41
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CHMG, the sentiment is Positive. The current price of 51.41 is below the 20-day moving average (MA) of 51.75, below the 50-day MA of 52.16, and above the 200-day MA of 48.77, indicating a neutral trend. The MACD of -0.38 indicates Positive momentum. The RSI at 48.23 is Neutral, neither overbought nor oversold. The STOCH value of 48.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CHMG.

Chemung Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FDBC	74 Outperform	$258.32M	9.84	11.95%	3.61%	17.98%	68.20%
TSBK	72 Outperform	$256.42M	9.45	10.87%	3.18%	9.16%	12.12%
PKBK	70 Neutral	$248.32M	7.64	11.15%	3.32%	11.26%	42.81%
ISBA	69 Neutral	$261.35M	16.37	7.69%	3.17%	8.16%	10.10%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CHMG	65 Neutral	$248.00M	18.40	5.74%	2.51%	-6.25%	-38.27%
FRST	51 Neutral	$243.23M	80.83	0.79%	4.12%	14.96%	―

Chemung Financial Corporate Events

Chemung Financial Reports Strong Q3 2025 Earnings

Chemung Financial Corporation, headquartered in Elmira, New York, operates as a financial services holding company through its subsidiary, Chemung Canal Trust Company, providing community banking services and financial products. In its third-quarter earnings report for 2025, Chemung Financial Corporation reported a net income of $7.8 million, or $1.62 per share, marking a significant turnaround from the previous quarter’s net loss of $6.5 million. This improvement is attributed to strategic balance sheet repositioning efforts, which have enhanced net interest income and overall financial performance.

Chemung Financial Announces Leadership Change in Wealth Management

On September 5, 2025, Chemung Financial Corporation announced the retirement of Thomas W. Wirth as Executive Vice President of the Wealth Management Group, effective October 1, 2025. In response, Jeffrey P. Kenefick has been appointed as interim head while a search for a permanent successor is conducted. Mr. Wirth, who has been with the company since 1987, will continue to provide strategic support in a consulting capacity for six months, highlighting his significant contributions to the company’s success.

The most recent analyst rating on (CHMG) stock is a Buy with a $56.00 price target. To see the full list of analyst forecasts on Chemung Financial stock, see the CHMG Stock Forecast page.

Chemung Financial Engages Investors Amid Financial Restructuring

In September 2025, Chemung Financial Corporation’s management plans to engage with institutional investors to discuss strategies and performance. The company has recently undertaken significant financial restructuring, including issuing $45 million in subordinated notes and selling $245.5 million in securities, resulting in a $17.5 million pre-tax loss. These moves aim to optimize the balance sheet, enhance profitability, and support growth strategies, potentially impacting stakeholders positively by improving capital ratios and expanding market presence.

The most recent analyst rating on (CHMG) stock is a Buy with a $56.00 price target. To see the full list of analyst forecasts on Chemung Financial stock, see the CHMG Stock Forecast page.

Chemung Financial Announces Dividend Increase

On August 19, 2025, Chemung Financial Corporation announced a dividend increase of $0.02 per share, resulting in a quarterly cash dividend of $0.34 per share, payable on October 1, 2025, to shareholders of record as of September 17, 2025. This marks the second dividend increase in 2025, representing a 6.3% rise over the previous quarter’s dividend and bringing the total increase for the year to 9.7%.

The most recent analyst rating on (CHMG) stock is a Buy with a $59.00 price target. To see the full list of analyst forecasts on Chemung Financial stock, see the CHMG Stock Forecast page.

Chemung Financial Highlights Growth at KBW Conference

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.