-0.79%
4.49%
6.74%
4.59%
9.63%
11.09%
28.56%
AI Spotlight on CHMG
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.
Market Data
| Last Price | 51 |
| Change Percentage | -0.79% |
| Open | 51.53 |
| Previous Close | 51.41 |
| Market Cap ( Millions) | 243 |
| Volume | 8026 |
| Year High | 55.73 |
| Year Low | 39 |
| M A 50 | 50.16 |
| M A 200 | 46.8 |
Financial Ratios
| FCF Yield | 2.32% |
| Dividend Yield | 2.43% |
| ROE | 11.35% |
| Debt / Equity | 0.00% |
| Net Debt / EBIDTA | -109.49% |
| Price To Book | 1.13 |
| Price Earnings Ratio | 10.29 |
| Price To FCF | 43.18 |
| Price To sales | 1.75 |
| EV / EBITDA | 9.04 |
News
- Jan -29 - Chemung Financial (CHMG) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
- Jan -28 - Chemung Financial (CHMG) Tops Q4 Earnings and Revenue Estimates
- Jan -28 - Chemung Financial Corporation Reports Annual Net Income of $23.7 million, or $4.96 per share, and Fourth Quarter 2024 Net Income of $5.9 million, or $1.24 per share
- Jan -16 - Chemung Financial (CHMG) Earnings Expected to Grow: What to Know Ahead of Q4 Release
- Nov -19 - Chemung Financial Corporation Announces Quarterly Dividend
- Oct -22 - Chemung Financial (CHMG) Surpasses Q3 Earnings and Revenue Estimates
- Oct -22 - Chemung Financial Corporation Reports Third Quarter 2024 Net Income of $5.7 million, or $1.19 per share
- Aug -21 - Chemung Financial Corporation Announces Quarterly Dividend
- Jul -18 - Chemung Financial (CHMG) Misses Q2 Earnings and Revenue Estimates
- Jul -18 - Chemung Financial Corporation Reports Second Quarter 2024 Net Income of $5.0 million, or $1.05 per share
- May -21 - Chemung Financial Corporation Announces Quarterly Dividend
- Apr -18 - Chemung Financial (CHMG) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
- Apr -18 - Chemung Financial (CHMG) Q1 Earnings and Revenues Top Estimates
- Apr -18 - Chemung Financial Corporation Reports First Quarter 2024 Net Income of $7.1 million, or $1.48 per share
- Apr -15 - Unveiling Chemung Financial (CHMG) Q1 Outlook: Wall Street Estimates for Key Metrics
- Feb -21 - Chemung Financial Corporation Announces Quarterly Dividend
- Jan -26 - Chemung Financial (CHMG) Reports Q4 Earnings: What Key Metrics Have to Say
- Jan -26 - Chemung Financial (CHMG) Q4 Earnings Lag Estimates
- Jan -25 - Chemung Financial Corporation Reports Annual Net Income of $25.0 million, or $5.28 per share, and Fourth Quarter 2023 Net Income of $3.8 million, or $0.80 per share
- Jan -04 - Why Chemung Financial (CHMG) Could Beat Earnings Estimates Again
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Core Banking
Expected Growth : 3.5 %
What the company do ?
Core Banking from Chemung Financial Corporation refers to the central system that processes banking transactions, manages accounts, and provides essential banking services to customers.
Why we expect these perspectives ?
Core Banking growth of 3.5% driven by strategic branch expansion, increased commercial lending, and digital banking platform enhancements, resulting in higher deposit growth and improved customer acquisition. Additionally, cost savings from operational efficiencies and investments in technology have contributed to the segment's growth.
Segment n°2 -> Wealth Management Group
Expected Growth : 4.5 %
What the company do ?
The Wealth Management Group from Chemung Financial Corporation provides comprehensive financial planning, investment management, and trust services to individuals, families, and businesses.
Why we expect these perspectives ?
Wealth Management Group's 4.5% growth is driven by increasing demand for investment services, strategic partnerships, and expansion into new markets. Additionally, the group's focus on fee-based revenue streams, such as asset management and financial planning, contributes to its growth. Furthermore, the group's ability to attract and retain high-net-worth clients, as well as its investment in digital platforms, also supports its growth momentum.
Segment n°3 -> Holding Company, CFS and CRM
Expected Growth : 3.0 %
What the company do ?
Chemung Financial Corporation is a holding company with subsidiaries like Chemung Canal Trust Company (CFS) offering banking services and a Customer Relationship Management (CRM) system for managing customer interactions.
Why we expect these perspectives ?
Chemung Financial Corporation's 3.0% growth is driven by its Holding Company's strategic acquisitions, expanding Commercial and Industrial loan portfolio in its CFS segment, and robust customer relationships fostered through its CRM system, resulting in increased deposits and fee-based income.
Chemung Financial Corporation Products
| Product Range | What is it ? |
|---|---|
| Commercial Banking | Provides financial solutions to businesses, including cash management, lending, and treasury management services. |
| Retail Banking | Offers personal banking services, including checking and savings accounts, credit cards, and personal loans. |
| Mortgage Banking | Provides mortgage lending services to individuals and families, including purchase and refinance loans. |
| Wealth Management | Offers investment and wealth management services, including financial planning, investment management, and trust services. |
| Insurance Services | Provides insurance products, including life insurance, disability insurance, and long-term care insurance. |
Chemung Financial Corporation's Porter Forces
Threat Of Substitutes
Chemung Financial Corporation operates in a highly competitive industry, and customers have various alternatives to choose from. However, the company's strong brand presence and customer loyalty mitigate the threat of substitutes to some extent.
Bargaining Power Of Customers
Chemung Financial Corporation's customers have significant bargaining power due to the availability of alternative financial institutions and online banking services. This forces the company to maintain competitive pricing and services to retain customers.
Bargaining Power Of Suppliers
Chemung Financial Corporation has a diverse supplier base, and no single supplier has significant bargaining power. The company's strong financial position also gives it negotiating power in supplier relationships.
Threat Of New Entrants
While there are barriers to entry in the banking industry, new entrants can still pose a threat to Chemung Financial Corporation. However, the company's established brand and regulatory hurdles make it challenging for new entrants to gain significant market share.
Intensity Of Rivalry
The banking industry is highly competitive, and Chemung Financial Corporation faces intense rivalry from established players and online banking services. The company must continually innovate and improve its services to maintain market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 17.74% |
| Debt Cost | 4.99% |
| Equity Weight | 82.26% |
| Equity Cost | 4.99% |
| WACC | 4.99% |
| Leverage | 21.57% |
Chemung Financial Corporation : Quality Control
Chemung Financial Corporation passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| IBCP | Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses. The company offers checking and savings accounts, commercial lending, … |
| PEBK | Peoples Bancorp of North Carolina, Inc. operates as the bank holding company for Peoples Bank that provides various commercial and consumer banking products and services to individuals and small to … |
| ORRF | Orrstown Financial Services, Inc. operates as the holding company for Orrstown Bank that provides commercial banking and trust services in the United States. The company accepts various deposits, including checking, … |
| NRIM | Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals. It operates in two segments, Community … |
| OFG | OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Northrim Bank
A-Score
1-Year Total Return ->
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Chemung Financial
A-Score
1-Year Total Return ->
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Independent Bank
A-Score
1-Year Total Return ->
4
Oriental
A-Score
1-Year Total Return ->
5
Peoples Bancorp of North Carolina
A-Score
1-Year Total Return ->
6
