Company profile

Ticker
CHMG
Exchange
CEO
Anders M. Tomson
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
161237038

CHMG stock data

(
)

Calendar

8 May 20
7 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 16.38M 16.78M 16.81M 16.68M
Net income 2.49M 4.2M 1.96M 4.98M
Diluted EPS 0.51 0.87 0.4 1.02
Net profit margin 15.20% 25.06% 11.64% 29.86%
Net change in cash 22.55M -24.39M 29.84M -9.35M
Cash on hand 144.46M 121.9M 146.3M 116.46M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 66.93M 64.55M 60.06M 56.17M
Net income 15.61M 19.63M 7.43M 10.03M
Diluted EPS 3.21 4.06 1.55 2.11
Net profit margin 23.32% 30.40% 12.37% 17.85%
Net change in cash -8.07M 99.24M -43.43M 47.98M
Cash on hand 121.9M 129.97M 30.73M 74.16M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
14 May 20 Cole Loren D Common Stock Buy Aquire P No 23.59 745 17.57K 2,670.528
12 May 20 Cole Loren D Common Stock Buy Aquire P No 25.54 1,197 30.57K 1,925.528
7 May 20 Wirth Thomas W Common Stock Buy Aquire P No 24.45 6,658 162.79K 14,525.19
7 May 20 Tomson Anders Common Stock Buy Aquire P No 25.1406 2,000 50.28K 25,139
31 Mar 20 Boyea Bruce Walter PHANTOM STOCK COMMON STOCK Grant Aquire A No 27 168.58 4.55K 3,668.01
36.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 56 58 -3.4%
Opened positions 5 2 +150.0%
Closed positions 7 6 +16.7%
Increased positions 18 17 +5.9%
Reduced positions 16 16
13F shares
Current Prev Q Change
Total value 95.73M 112.14M -14.6%
Total shares 1.78M 1.76M +1.3%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Chemung Canal Trust 416.99K $13.75M +3.8%
BLK BlackRock 191.88K $6.33M +0.4%
Vanguard 169.02K $5.57M +0.2%
Basswood Capital Management, L.L.C. 165.01K $5.44M +15.8%
First Manhattan 85.76K $2.83M -0.6%
Renaissance Technologies 79.69K $2.63M -6.7%
Dimensional Fund Advisors 65.12K $2.15M +3.4%
STT State Street 59.14K $1.97M +2.4%
Bridgeway Capital Management 55.39K $1.83M 0.0%
Geode Capital Management 51K $1.68M +4.8%
Largest transactions
Shares Bought/sold Change
M3F 50.26K +50.26K NEW
Wellington Management 36.2K -36.6K -50.3%
Basswood Capital Management, L.L.C. 165.01K +22.46K +15.8%
Bowling Portfolio Management 0 -19.73K EXIT
Chemung Canal Trust 416.99K +15.2K +3.8%
Acadian Asset Management 0 -12.97K EXIT
Commonwealth Equity Services 8.28K +8.28K NEW
New York State Common Retirement Fund 3.4K -7.72K -69.4%
Russell Investments 9K +7.18K +395.8%
Context BH Capital Management 6.95K +6.95K NEW

Financial report summary

?
Risks
  • Economic conditions may adversely affect the Corporation’s financial performance.
  • Our funding sources may prove insufficient to replace deposits at maturity and support our future growth.
  • Commercial real estate and business loans increase the Corporation’s exposure to credit risks.
  • Loan participations may have a higher risk of loss than loans the Bank originates because the Bank is not the lead lender and has limited control over credit monitoring.
  • We are subject to environmental liability risk associated with lending activities.
  • The Corporation's portfolio of indirect automobile lending exposes it to increased credit risks.
  • The allowance for loan losses may prove to be insufficient to absorb losses in the loan portfolio.
  • The Corporation is subject to risks and losses resulting from fraudulent activities that could adversely impact its financial performance and results of operations.
  • Changes in interest rates could adversely affect the Corporation’s results of operations and financial condition.
  • Strong competition within the Corporation's industry and market area could limit its growth and profitability.
  • The Corporation operates in a highly regulated environment and may be adversely affected by changes in laws and regulations.
  • Monetary policies and regulations of the Federal Reserve Board could adversely affect our business, financial condition and results of operations.
  • Uncertainty surrounding the future of LIBOR (London Interbank Offer Rate) may affect the fair value and return on the Corporation's financial instruments that use LIBOR as a reference rate.
  • We are subject to the Community Reinvestment Act and fair lending laws, and failure to comply with these laws could lead to material penalties.
  • Non-compliance with the USA PATRIOT Act, Bank Secrecy Act, or other laws and regulations could result in fines or sanctions.
  • The Bank may be subject to more stringent capital requirements, which may adversely impact the Corporation's return on equity, require it to raise additional capital, or constrain it from paying dividends or repurchasing shares.
  • Changes in tax rates could adversely affect the Corporation's results of operations and financial condition.
  • The Corporation holds certain intangible assets that could be classified as impaired in the future. If these assets are considered to be either partially or fully impaired in the future, its earnings and the book values of these assets would decrease.
  • Financial counterparties expose the Corporation to risks.
  • The Corporation may not be able to attract and retain skilled people.
  • The Corporation's controls and procedures may fail or be circumvented, which may result in a material adverse effect on its business.
  • Our risk management framework may not be effective in mitigating risk and reducing the potential for significant losses.
  • We face significant operational risks because the financial services business involves a high volume of transactions.
  • The Corporation continually encounters technological change and the failure to understand and adapt to these changes could adversely affect its business.
  • Systems failures or breaches of our network security could subject us to increased operating costs as well as litigation and other liabilities.
  • The risks presented by acquisitions could adversely affect the Corporation's financial condition and results of operations.
  • Severe weather and other natural disasters can affect the Corporation’s business.
  • The Corporation's accounting policies and estimates are critical to how the Corporation reports its financial condition and results of operations, and any changes to such accounting policies and estimates could materially affect how the Corporation reports its financial condition and results of operations.
  • Involvement in wealth management creates risks associated with the industry.
  • There may be claims and litigation pertaining to fiduciary responsibility.
  • The Corporation’s common stock is not heavily traded, and the stock price may fluctuate significantly.
  • The Corporation is a holding company and depends on its subsidiaries for dividends, distributions and other payments.
  • Provisions of the Corporation's certificate of incorporation, bylaws, as well as New York law and certain banking laws, could delay or prevent a takeover of the Corporation by a third party.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
New words: abated, adhering, Aid, Andrew, appointment, April, automatically, banned, block, bold, breached, buyback, cancellation, capacity, cautionary, CD, chain, China, choose, cleaning, closure, complaint, complying, confidence, Court, COVID, created, Cuomo, cyber, death, deferral, department, depleted, deployed, detailed, disbursement, dislocation, distance, distancing, DJIA, dynamic, effort, electronic, emergency, encountered, encourage, encouraged, entertainment, essential, Europe, excessive, expressed, facility, fed, flexibility, focused, footprint, forbearance, foregoing, forgiven, fraud, Governor, grow, hardship, harm, high, honor, hospitality, Incident, infrastructure, inside, interruption, IRT, Italy, Jan, jointly, lack, larger, lawsuit, lead, led, lieu, living, lobby, macroeconomic, mandate, misrepresentation, monetary, NASDAQ, negligent, November, NSF, organizational, outbreak, outsourced, pandemic, passed, Paycheck, penalty, Pennsylvania, people, physical, Pioneer, PPP, PPPLF, predetermined, predict, program, proximity, prudently, reassigned, rebating, recreation, registration, relocated, remote, remotely, reopen, reopened, restaurant, restructure, restructured, retention, roughly, sensitive, Shelf, shelter, social, stay, submitted, subscription, successful, suitable, supply, Supreme, suspension, Team, technology, temporarily, temporary, threshold, travel, treated, Trump, turmoil, unanticipated, unavailability, uncertain, unemployment, unpledged, unprecedented, usage, waived, waiving, Washington, withdrawal, Wolf, work, working, world, Wuhan
Removed: agriculture, announced, application, applying, arising, authorizing, beneficial, borrowed, capitalization, care, clarify, collected, collectively, consulting, contingent, coupon, cumulative, discretion, diversity, driven, employer, estimation, exceeding, exit, expedient, extinguishment, Fane, guideline, identifiable, Improving, inception, initial, matter, measuring, mechanical, mediation, modeled, nonfinancial, notion, opening, outflow, pertinent, predominance, prejudice, production, promotion, promotional, reached, realized, recognizing, refund, release, retirement, retrospectively, runoff, securitization, settlement, subsequent, subtotal, uncompleted