Chemung Financial (CHMG) AI Stock Analysis

• Market Cap: $260.19M
• Dividend Yield: 2.4%
• Average Volume (3M): 8.71K
• Price to Earnings (P/E): 19.5
• Beta (1Y): 0.33
• Revenue Growth: -6.25%
• EPS Growth: -38.79%
• Country: US
• Employees: 343
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 1.62
• Shares Outstanding: 4,794,349
• 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: 1.17
• Enterprise Value/Revenue: 2.22
• Enterprise Value/Gross Profit: 3.57
• Enterprise Value/Ebitda: 16.07
• 1Y Price Target: $60.00
• Price Target Upside: 10.56% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: $61.00 ▲(12.40% Upside)

Chemung Financial's overall stock score is driven by its solid financial performance and strong technical indicators. The company's strategic initiatives and dividend policy further enhance its market positioning. While the valuation is moderate, the stock's upward momentum and effective cash flow management make it an attractive investment in the regional banking sector.

Positive Factors

Cash Flow Management

Effective cash flow management enhances financial flexibility, allowing Chemung Financial to invest in growth opportunities and maintain stability.

Strategic Initiatives

Engaging with investors and optimizing the balance sheet positions Chemung Financial for improved earnings and market expansion.

Dividend Policy

A consistent dividend policy reflects financial health and commitment to shareholder returns, boosting investor confidence and market appeal.

Negative Factors

Revenue Growth

Negative revenue growth indicates challenges in market expansion and customer acquisition, potentially impacting long-term profitability.

Profit Margins

Declining profit margins suggest increased operational costs, which can erode profitability and reduce competitive advantage over time.

Leadership Change

Leadership changes can disrupt strategic continuity and impact the performance of the wealth management division, affecting overall business stability.

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 generates revenue primarily through interest income from loans and mortgages, as well as fees from various banking services. The key revenue streams include interest earned on commercial and consumer loans, mortgage origination fees, and income from investment services such as asset management and financial planning. Additionally, the company earns non-interest income through service charges on deposit accounts, transaction fees, and investment advisory fees. Partnerships with local businesses and community organizations also contribute to its growth by enhancing customer engagement and expanding its service offerings.

Chemung Financial Financial Statement Overview

Summary

Chemung Financial demonstrates a stable financial position with strong cash flow generation. However, the declining revenue growth and reduced profitability margins are areas of concern. The balance sheet remains solid with moderate leverage, but the declining return on equity suggests potential challenges in maintaining profitability.

Income Statement

Chemung Financial's income statement shows a mixed performance. The TTM data indicates a decline in revenue growth rate by 9.62%, which is concerning. However, the company maintains a reasonable gross profit margin of 60.09% and a net profit margin of 8.25%. The EBIT and EBITDA margins are also positive at 10.02% and 11.87%, respectively, though they have decreased compared to previous years. Overall, while profitability remains, the declining revenue growth is a risk factor.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.46, indicating moderate leverage. The return on equity (ROE) is 4.98%, which has decreased from previous years, suggesting a decline in profitability relative to equity. The equity ratio is not explicitly calculated, but the company's equity appears robust relative to its assets. Overall, the balance sheet shows stability, but the declining ROE is a concern.

Cash Flow

Chemung Financial's cash flow statement is strong, with a free cash flow growth rate of 15.63% in the TTM period. The operating cash flow to net income ratio is 1.28%, and the free cash flow to net income ratio is 90.06%, indicating efficient cash generation relative to net income. The positive growth in free cash flow is a significant strength, supporting the company's liquidity and operational flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	137.33M	149.61M	136.58M	101.91M	91.84M	86.86M
Gross Profit	85.40M	96.15M	94.70M	95.17M	88.41M	78.63M
EBITDA	19.00M	32.10M	34.30M	39.91M	37.26M	28.13M
Net Income	13.28M	23.67M	25.00M	28.78M	26.43M	19.26M
Balance Sheet
Total Assets	2.70B	2.78B	2.71B	2.65B	2.42B	2.28B
Cash, Cash Equivalents and Short-Term Investments	361.26M	468.77M	620.84M	688.46M	819.01M	663.15M
Total Debt	52.66M	118.52M	40.80M	105.76M	25.54M	11.11M
Total Liabilities	2.45B	2.56B	2.52B	2.48B	2.21B	2.08B
Stockholders Equity	245.31M	215.31M	195.24M	166.39M	211.46M	199.70M
Cash Flow
Free Cash Flow	32.39M	26.19M	30.42M	34.62M	35.09M	27.79M
Operating Cash Flow	35.40M	29.82M	30.88M	35.05M	35.46M	28.66M
Investing Cash Flow	96.65M	-57.72M	-82.38M	-252.62M	-242.48M	-495.85M
Financing Cash Flow	-104.84M	38.10M	32.48M	246.46M	125.47M	453.82M

Chemung Financial Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 54.27
• 50DMA: Positive
• 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 Neutral. The current price of 54.27 is below the 20-day moving average (MA) of 56.37, above the 50-day MA of 53.47, and above the 200-day MA of 49.88, indicating a neutral trend. The MACD of 0.13 indicates Positive momentum. The RSI at 46.22 is Neutral, neither overbought nor oversold. The STOCH value of 20.78 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
TSBK	82 Outperform	$287.18M	9.78	11.48%	2.91%	8.17%	21.95%
CHMG	78 Outperform	$260.19M	19.50	5.69%	2.40%	-6.25%	-38.79%
FDBC	72 Outperform	$250.76M	9.44	11.95%	3.61%	17.97%	68.34%
PKBK	71 Outperform	$293.60M	8.82	11.15%	2.84%	12.91%	21.72%
ISBA	68 Neutral	$361.25M	19.77	8.27%	2.13%	7.29%	33.75%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
FRST	67 Neutral	$330.73M	38.24	2.25%	3.06%	9.90%	―

Chemung Financial Corporate Events

Chemung Financial Declares Quarterly Cash Dividend

On November 18, 2025, Chemung Financial Corporation announced a quarterly cash dividend of $0.34 per share, to be paid on January 2, 2026, to shareholders of record as of December 19, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders and may positively influence its market positioning and stakeholder confidence.

The most recent analyst rating on (CHMG) stock is a Hold with a $54.00 price target. To see the full list of analyst forecasts on Chemung Financial stock, see the CHMG Stock Forecast page.

Chemung Financial Plans Strategic Investor Engagement

During the fourth quarter of 2025, Chemung Financial Corporation’s management plans to engage with institutional investors to discuss strategic initiatives and recent performance. The company has demonstrated robust financial health with a 6.3% increase in quarterly dividends and significant loan growth. The restructuring of its balance sheet, including the sale of low-yielding securities and the raising of subordinated debt, aims to enhance profitability and strengthen capital ratios. This strategic move is expected to improve the company’s earnings and market positioning, particularly in high-growth areas like Albany and Buffalo.

The most recent analyst rating on (CHMG) stock is a Hold with a $55.00 price target. To see the full list of analyst forecasts on Chemung Financial stock, see the CHMG Stock Forecast page.