Chemung Financial (CHMG)
NASDAQ:CHMG
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Chemung Financial
(NASDAQ:CHMG)
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Select Model
Rating:58Neutral
Price Target:
$62.00
▲(5.69% Upside)
Action:DowngradedDate:03/14/26
The score is held back primarily by weaker 2025 fundamentals—especially the sharp cash flow drop and margin/ROE compression—despite a conservative balance sheet. Technicals also reflect bearish momentum. These risks are partly offset by an attractive valuation (low P/E with a dividend) and positive recent corporate updates supporting capital return and strategy.
Positive Factors
Cash generation
Sustained free cash flow growth and strong operating cash conversion provide durable internal funding for lending, investments, and dividends. This reduces reliance on volatile wholesale funding and supports capital allocation through economic cycles, enhancing financial resilience.
Negative Factors
Margin pressure
Ongoing compression in gross, EBIT and EBITDA margins reduces operating leverage and long-term profitability. Persistent margin erosion limits reinvestment capacity and ROE recovery, making it harder to sustain dividends or fund growth without structural revenue improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Sustained free cash flow growth and strong operating cash conversion provide durable internal funding for lending, investments, and dividends. This reduces reliance on volatile wholesale funding and supports capital allocation through economic cycles, enhancing financial resilience.
Read all positive factors
Chemung Financial (CHMG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$282.65M
Dividend Yield2.4%
Average Volume (3M)8.71K
Price to Earnings (P/E)17.8
Beta (1Y)0.44
Revenue Growth-6.25%
EPS Growth-38.79%
CountryUS
Employees343
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.61
Shares Outstanding4,818,467
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 Ratio6.08
Enterprise Value/Market Cap0.94
Enterprise Value/Revenue1.89
Enterprise Value/Gross Profit2.95
Enterprise Value/Ebitda11.72
Forecast
1Y Price Target
$64.00Price Target Upside9.10% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)6.93
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
62
Positive
Balance Sheet
78
Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 139.94M | 149.61M | 136.58M | 101.91M | 91.84M |
| Gross Profit | 89.83M | 96.15M | 94.70M | 95.17M | 88.41M |
| EBITDA | 22.60M | 32.10M | 34.30M | 39.91M | 37.26M |
| Net Income | 15.10M | 23.67M | 25.00M | 28.78M | 26.43M |
Balance Sheet | |||||
| Total Assets | 2.71B | 2.78B | 2.71B | 2.65B | 2.42B |
| Cash, Cash Equivalents and Short-Term Investments | 303.37M | 468.77M | 620.84M | 688.46M | 819.01M |
| Total Debt | 4.94M | 118.52M | 40.80M | 105.76M | 25.54M |
| Total Liabilities | 2.46B | 2.56B | 2.52B | 2.48B | 2.21B |
| Stockholders Equity | 254.71M | 215.31M | 195.24M | 166.39M | 211.46M |
Cash Flow | |||||
| Free Cash Flow | 44.13M | 26.19M | 30.42M | 34.62M | 35.09M |
| Operating Cash Flow | 45.82M | 29.82M | 30.88M | 35.05M | 35.46M |
| Investing Cash Flow | 68.32M | -57.72M | -82.38M | -252.62M | -242.48M |
| Financing Cash Flow | -110.76M | 38.10M | 32.48M | 246.46M | 125.47M |
Chemung Financial Technical Analysis
Positive
58.66
Price Trends
56.63
Positive
55.57
Positive
53.26
Positive
Market Momentum
0.68
Negative
61.31
Neutral
93.15
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 58.66 is above the 20-day moving average (MA) of 54.32, above the 50-day MA of 56.63, and above the 200-day MA of 53.26, indicating a bullish trend. The MACD of 0.68 indicates Negative momentum. The RSI at 61.31 is Neutral, neither overbought nor oversold. The STOCH value of 93.15 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | $326.96M | 8.59 | 11.73% | 2.91% | 8.17% | 21.95% | |
74 Outperform | $348.41M | 7.77 | 12.02% | 2.84% | 12.91% | 21.72% | |
73 Outperform | $270.36M | 8.93 | 12.56% | 3.61% | 17.97% | 68.34% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | $342.58M | 5.58 | 15.78% | 3.06% | 9.90% | ― | |
58 Neutral | $282.65M | 17.77 | 6.27% | 2.40% | -6.25% | -38.79% | |
57 Neutral | $356.97M | 19.51 | 8.45% | 2.13% | 7.29% | 33.75% |
* Financial Sector Average
CHMG
Chemung Financial
58.66
18.41
45.74%
PKBK
Parke Bancorp
29.70
12.90
76.81%
FRST
Primis Financial
13.87
6.10
78.46%
TSBK
Timberland Bancorp
41.47
13.81
49.94%
FDBC
Fidelity D & D Bancorp
45.99
8.33
22.11%
ISBA
Isabella Bank
48.70
25.62
110.97%
Chemung Financial Corporate Events
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...
Dividends
Chemung Financial Declares Quarterly Cash Dividend to Shareholders
Positive
Feb 17, 2026
On February 17, 2026, Chemung Financial Corporation announced that its board of directors approved a quarterly cash dividend of $0.34 per share. The dividend will be paid on April 1, 2026, to common stock shareholders of record at the close of bus...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Chemung Financial outlines strategy ahead of Q1 2026 meetings
Positive
Feb 2, 2026
Chemung Financial Corporation detailed to investors its strategy and recent performance as it prepared for first-quarter 2026 meetings with institutional investors, highlighting a revitalized balance sheet, strong credit metrics and expansion plan...
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.