Chemung Financial (CHMG) AI Stock Analysis

• Market Cap: $209.71M
• Dividend Yield: 2.82%
• Average Volume (3M): 13.14K
• Price to Earnings (P/E): 9.2
• Beta (1Y): 0.49
• Revenue Growth: 6.05%
• EPS Growth: -9.27%
• Country: US
• Employees: 343
• Sector: Financial
• Sector Strength: 88
• Industry: Banks - Regional
• EPS (TTM): 4.74
• Shares Outstanding: 4,788,879
• 10 Day Avg. Volume: 11,132
• 30 Day Avg. Volume: 13,137
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.38
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 3.02
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $52.50
• Price Target Upside: 18.40% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

Chemung Financial exhibits strong financial performance with consistent growth and solid balance sheet metrics, earning a high score in financial health. However, technical analysis indicates bearish momentum, which weighs down the overall score. The company's valuation appears attractive, with a low P/E ratio and decent dividend yield, which bolsters its appeal. Furthermore, positive corporate events highlight strategic growth initiatives, enhancing future potential. Overall, while there are strengths in financial performance and valuation, technical indicators suggest caution.

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 Corporation generates revenue through interest income derived from its lending activities, including personal loans, residential and commercial mortgages, and business loans. Additionally, it earns revenue from non-interest income sources such as fees from deposit accounts, wealth management services, and insurance products. The corporation also benefits from strategic partnerships and local economic activities that drive demand for its financial products and services. Its earnings are influenced by factors such as interest rate fluctuations, credit market conditions, and regional economic health.

Chemung Financial Financial Statement Overview

Summary

Chemung Financial shows robust financial health with consistent revenue growth and profitability. The balance sheet is strengthened by declining debt levels and strong equity. Cash flow management is generally effective but requires attention due to recent operating cash flow reductions.

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
	EBIT
-85.61M	31.50M	44.19M	33.76M	23.87M
	EBITDA
0.00	34.30M	39.91M	37.26M	28.13M
	Net Income Common Stockholders
23.67M	25.00M	28.78M	26.43M	19.26M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
591.64M	630.17M	688.46M	819.01M	663.15M
	Total Assets
2.78B	2.71B	2.65B	2.42B	2.28B
	Total Debt
118.52M	40.80M	201.57M	25.86M	11.11M
	Net Debt
71.48M	3.95M	145.70M	-1.12M	-97.42M
	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: Neutral
• Last Price: 44.34
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 44.34 is above the 20-day moving average (MA) of 43.39, below the 50-day MA of 46.79, and below the 200-day MA of 47.69, indicating a neutral trend. The MACD of -0.72 indicates Negative momentum. The RSI at 48.89 is Neutral, neither overbought nor oversold. The STOCH value of 56.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CHMG.

Chemung Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PWOD	67 Neutral	$222.52M	10.48	10.50%	4.34%	14.11%	29.41%
MBCN	66 Neutral	$209.55M	12.96	7.72%	3.12%	8.36%	-2.51%
CHMG	63 Neutral	$209.71M	9.24	10.65%	2.82%	6.05%	-9.27%
Sector *	63 Neutral	$12.46B	9.56	8.14%	17044.64%	12.63%	-4.25%
EVBN	60 Neutral	$214.07M	17.82	6.62%	3.43%	-6.85%	-51.70%
LCNB	58 Neutral	$212.79M	13.13	6.55%	5.86%	24.45%	25.77%
FRST	48 Neutral	$215.58M	―	-2.01%	4.85%	5.60%	53.10%

Chemung Financial Corporate Events

Chemung Financial EVP Thomas W. Wirth Announces Retirement

On March 12, 2025, Thomas W. Wirth announced his intention to retire from his role as Executive Vice President of Chemung Canal Trust Company, effective around the third quarter of 2025. Mr. Wirth, who has been with the company since 1987, is retiring for health reasons and not due to any disagreements. The company will begin searching for a successor, and Mr. Wirth will remain in his role until a successor is appointed, ensuring a smooth transition.

Chemung Financial Highlights Growth at Investor Meetings

Chemung Financial Corporation participated in the Raymond James Small-Cap Bank Investor Meetings on February 25, 2025, where CFO Dale M. McKim III discussed the company’s strategies and recent financial performance. The presentation highlighted Chemung’s strong customer engagement, stable deposit base, and growth in higher markets like Albany and Buffalo. With a focus on community banking, Chemung reported solid financials for Q4 2024, including a net income of $5.9 million, and a strategy of geographic expansion and operational efficiencies to enhance its market presence.