Chemung Financial (CHMG)
NASDAQ:CHMG
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Chemung Financial
(NASDAQ:CHMG)
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Rating:78Outperform
Price Target:
$78.00
â–²(24.16% Upside)
Action:Reiterated
Date:05/22/26
The score is driven primarily by solid financial performance (especially strong cash generation) and favorable technical momentum (price above key moving averages with positive MACD). An attractive valuation (low P/E with a dividend) further supports the rating, while balance-sheet and revenue/margin variability remain the key offsets.
Positive Factors
Cash generation
Consistent, high-quality free cash flow that closely tracks net income indicates the company converts earnings into cash reliably. That durability supports dividend payments, funds organic growth or small M&A, and reduces refinancing risk compared with peers that show weaker cash conversion.
Negative Factors
Revenue volatility
Irregular top-line performance and recent year-over-year declines undermine visibility into sustainable growth. Persistent revenue choppiness makes it harder to forecast earnings, invest consistently in franchise expansion, and amortize fixed branch and tech costs over rising volumes.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistent, high-quality free cash flow that closely tracks net income indicates the company converts earnings into cash reliably. That durability supports dividend payments, funds organic growth or small M&A, and reduces refinancing risk compared with peers that show weaker cash conversion.
Read all positive factors
Chemung Financial (CHMG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$331.70M
Dividend Yield2.4%
Average Volume (3M)8.71K
Price to Earnings (P/E)7.1
Beta (1Y)0.59
Revenue Growth-5.59%
EPS Growth-20.56%
CountryUS
Employees343
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.80
Shares Outstanding4,819,820
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 Cap1.31
Enterprise Value/Revenue3.04
Enterprise Value/Gross Profit4.57
Enterprise Value/Ebitda16.61
Forecast
1Y Price Target
$72.00Price Target Upside14.61% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)6.89
Revenue Forecast (FY)$122.06M
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-intere...
How the Company Makes Money
Chemung Financial primarily makes money through net interest income and noninterest income. Net interest income is earned by taking in deposits (such as checking, savings, and time deposits) and other funding, then deploying those funds into inter...
Chemung Financial Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
56
Neutral
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 142.53M | 139.94M | 149.61M | 136.58M | 101.91M | 91.84M |
| Gross Profit | 94.79M | 89.83M | 96.15M | 94.70M | 95.17M | 88.41M |
| EBITDA | 26.09M | 22.60M | 32.10M | 34.30M | 39.91M | 37.26M |
| Net Income | 18.28M | 15.10M | 23.67M | 25.00M | 28.78M | 26.43M |
Balance Sheet | ||||||
| Total Assets | 2.75B | 2.71B | 2.78B | 2.71B | 2.65B | 2.42B |
| Cash, Cash Equivalents and Short-Term Investments | 303.00M | 303.37M | 468.77M | 620.84M | 688.46M | 819.01M |
| Total Debt | 128.80M | 4.94M | 118.52M | 40.80M | 105.76M | 25.54M |
| Total Liabilities | 2.49B | 2.46B | 2.56B | 2.52B | 2.48B | 2.21B |
| Stockholders Equity | 262.93M | 254.71M | 215.31M | 195.24M | 166.39M | 211.46M |
Cash Flow | ||||||
| Free Cash Flow | 45.87M | 43.81M | 26.19M | 30.42M | 34.62M | 35.09M |
| Operating Cash Flow | 47.36M | 45.50M | 29.82M | 30.88M | 35.05M | 35.46M |
| Investing Cash Flow | 44.11M | 68.32M | -57.72M | -82.38M | -252.62M | -242.48M |
| Financing Cash Flow | -91.53M | -110.76M | 38.10M | 32.48M | 246.46M | 125.47M |
Chemung Financial Technical Analysis
Positive
62.82
Price Trends
61.24
Positive
59.16
Positive
55.59
Positive
Market Momentum
1.62
Positive
64.79
Neutral
88.57
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 62.82 is below the 20-day moving average (MA) of 67.10, above the 50-day MA of 61.24, and above the 200-day MA of 55.59, indicating a bullish trend. The MACD of 1.62 indicates Positive momentum. The RSI at 64.79 is Neutral, neither overbought nor oversold. The STOCH value of 88.57 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $365.54M | 7.02 | 13.00% | 2.84% | 11.79% | 45.64% | |
78 Outperform | $331.70M | 7.06 | 7.33% | 2.40% | -5.59% | -20.56% | |
78 Outperform | $318.28M | 10.89 | 11.67% | 2.91% | 6.73% | 20.50% | |
77 Outperform | $262.57M | 8.39 | 12.75% | 3.61% | 10.79% | 35.78% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $355.97M | 11.20 | 11.47% | 3.06% | 9.62% | 1059.18% | |
65 Neutral | $317.13M | 16.79 | 8.74% | 2.13% | 8.94% | 37.42% |
* Financial Sector Average
CHMG
Chemung Financial
68.94
23.39
51.34%
PKBK
Parke Bancorp
31.49
12.74
67.97%
FRST
Primis Financial
14.33
5.35
59.52%
TSBK
Timberland Bancorp
40.16
10.84
36.97%
FDBC
Fidelity D & D Bancorp
45.51
7.60
20.05%
ISBA
Isabella Bank
43.04
16.02
59.28%
Chemung Financial Corporate Events
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...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Chemung Financial Reports Record First-Quarter 2026 Earnings
Positive
May 8, 2026
Chemung Financial, a long-established New York community bank with a Nasdaq listing, is leveraging a diversified footprint across Southern Tier, Finger Lakes, Albany and Buffalo, supported by a sizable wealth management arm and longstanding local ...
Business Operations and StrategyRegulatory Filings and Compliance
Chemung Financial Pursues Conversion to National Bank Charter
Neutral
Apr 7, 2026
On April 3, 2026, Chemung Canal Trust Company, the wholly owned subsidiary of Chemung Financial Corporation, filed an application with the Office of the Comptroller of the Currency to convert from a New York chartered trust company to a national b...
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.