Chemung Financial (CHMG) AI Stock Analysis

• Market Cap: $239.06M
• Dividend Yield: 2.56%
• Average Volume (3M): 13.20K
• Price to Earnings (P/E): 10.5
• Beta (1Y): 0.50
• Revenue Growth: 6.05%
• EPS Growth: -9.27%
• Country: US
• Employees: 343
• Sector: Financial
• Sector Strength: 81
• Industry: Banks - Regional
• EPS (TTM): 1.26
• Shares Outstanding: 4,790,852
• 10 Day Avg. Volume: 19,572
• 30 Day Avg. Volume: 13,201
• PEG Ratio: 0.86
• Price to Book (P/B): 1.29
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 6.22
• Enterprise Value/Market Cap: 1.51
• Enterprise Value/Revenue: 0.67
• Enterprise Value/Gross Profit: 3.34
• Enterprise Value/Ebitda: 3.05
• 1Y Price Target: $52.50
• Price Target Upside: 5.21% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 71 Outperform
• Price Target: $52.00 ▲(4.21%Upside)

Chemung Financial's overall stock score is supported by its strong valuation metrics and solid financial performance, despite some pressure on profitability margins and cash flow volatility. The corporate events suggest strategic direction but introduce short-term uncertainties.

Chemung Financial Business Overview & Revenue Model

Company Description

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, mutual fund, insurance products, and brokerage services. Further, it provides securities, insurance, and tax preparation services. Additionally, 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. The company operates 31 branch offices located in 13 counties in New York and Bradford County in Pennsylvania. Chemung Financial Corporation was founded in 1833 and is headquartered in Elmira, New York.

How the Company Makes Money

Chemung Financial makes money primarily through interest and non-interest income. Interest income is generated through the company's core banking operations, which include offering loans and mortgages to individuals and businesses. The interest charged on these loans is a primary revenue stream. Additionally, Chemung Financial earns money from the interest on securities held in its investment portfolio. Non-interest income is generated through various banking services, including fees from deposit accounts, trust and wealth management services, and other financial products. The company's revenue is also influenced by partnerships with other financial institutions, which can enhance service offerings and expand market reach. Key factors contributing to its earnings include the overall interest rate environment, the economic conditions in its service areas, and its ability to attract and retain customers.

Chemung Financial Financial Statement Overview

Summary

Overall, Chemung Financial demonstrates robust financial health with consistent revenue growth and profitability. The company's balance sheet is solid, with declining debt levels and strong equity. Cash flow management appears effective, though recent operating cash flow reductions require attention. Continued focus on maintaining asset growth and cash flow stability will be crucial for future performance.

Income Statement

Chemung Financial has shown consistent revenue growth, with a healthy net profit margin averaging around 26% over the years. The gross profit margin appears strong, although EBIT and EBITDA margins have fluctuated. The company experienced a slight decline in net income in the most recent year, which slightly impacts the overall income statement score.

Balance Sheet

The balance sheet reflects a solid equity position with stockholders' equity increasing over time. A significant reduction in total debt is positive, enhancing the debt-to-equity ratio. The equity ratio shows stability, indicating a strong financial foundation. However, the recent decrease in total assets may need monitoring.

Cash Flow

Chemung Financial maintains a positive operating cash flow, although it decreased significantly in the last year, which is a concern. The free cash flow to net income ratio indicates efficient cash generation relative to earnings. However, fluctuations in investing cash flow highlight potential volatility in capital management.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	96.11M	95.74M	94.61M	88.42M	82.87M
Gross Profit	96.11M	95.74M	94.61M	88.42M	82.87M
EBITDA	0.00	34.30M	39.91M	37.26M	28.13M
Net Income	23.67M	25.00M	28.78M	26.43M	19.26M
Balance Sheet
Total Assets	2.78B	2.71B	2.65B	2.42B	2.28B
Cash, Cash Equivalents and Short-Term Investments	591.64M	630.17M	688.46M	819.01M	663.15M
Total Debt	118.52M	40.80M	201.57M	25.86M	11.11M
Total Liabilities	2.56B	2.52B	2.48B	2.21B	2.08B
Stockholders Equity	215.31M	195.24M	166.39M	211.46M	199.70M
Cash Flow
Free Cash Flow	26.19M	30.42M	34.62M	35.09M	27.79M
Operating Cash Flow	29.82M	30.88M	35.05M	35.46M	28.66M
Investing Cash Flow	-57.72M	-82.38M	-252.62M	-242.48M	-495.85M
Financing Cash Flow	38.10M	32.48M	246.46M	125.47M	453.82M

Chemung Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 49.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 49.9 is above the 20-day moving average (MA) of 47.45, above the 50-day MA of 46.53, and above the 200-day MA of 47.68, indicating a bullish trend. The MACD of 0.74 indicates Negative momentum. The RSI at 64.54 is Neutral, neither overbought nor oversold. The STOCH value of 90.74 is Negative, 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
MBCN	79 Outperform	$249.22M	15.41	7.72%	2.72%	8.36%	-2.51%
LCNB	78 Outperform	$215.63M	13.33	6.54%	5.78%	24.45%	25.55%
CHMG	71 Outperform	$239.06M	10.53	10.65%	2.56%	6.05%	-9.27%
PWOD	70 Outperform	$241.07M	11.34	10.50%	4.04%	14.11%	29.41%
Sector *	61 Neutral	C$14.56B	6.16	20.17%	5.70%	26.93%	-38.21%
EVBN	60 Neutral	$220.08M	18.32	6.62%	3.34%	-6.85%	-51.70%
FRST	56 Neutral	$272.94M	68.83	1.06%	3.62%	5.36%	―

Chemung Financial Corporate Events

Chemung Financial Completes Strategic Balance Sheet Repositioning

Chemung Financial Corporation announced the completion of a strategic balance sheet repositioning by selling securities worth approximately $242 million, resulting in a pre-tax loss of $17 million to be recognized in the second quarter of 2025. The proceeds will be used to reduce non-core funding liabilities and support loan growth, with expectations of improved financial metrics from the third quarter of 2025, despite reporting a net loss for the second quarter.

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.

Chemung Financial Issues $45M Subordinated Notes

On June 10, 2025, Chemung Financial Corporation issued $45 million in subordinated notes due 2035 to accredited investors and institutional buyers. This move aims to support the company’s growth initiatives and regulatory capital ratios, potentially involving balance sheet restructuring. The notes, maturing in 2035, will initially bear a fixed interest rate of 7.75% until 2030, after which they will switch to a floating rate. This strategic financial maneuver is expected to enhance Chemung’s capital structure and support its expansion efforts.

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.

Chemung Financial Shareholders Approve Key Proposals at Meeting

At the Annual Meeting of Shareholders on June 3, 2025, Chemung Financial Corporation shareholders voted on four proposals. The election of directors resulted in the appointment of Ronald M. Bentley, David M. Buicko, Robert H. Dalrymple, and Jeffrey B. Streeter for three-year terms. Additionally, the shareholders approved the compensation for the Corporation’s Named Executive Officers, the 2025 Equity Incentive Plan, and ratified the appointment of Crowe LLP as the independent registered public accounting firm for the year ending December 31, 2025.

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.

Chemung Financial Declares Quarterly Cash Dividend

On May 22, 2025, Chemung Financial Corporation announced a quarterly cash dividend of $0.32 per share, payable on July 1, 2025, to shareholders of record as of June 17, 2025. This decision reflects the company’s ongoing commitment to providing value to its shareholders and may positively impact its market positioning by reinforcing investor confidence.

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.