Chemung Financial (CHMG)

Chemung Financial Corporation is a $2.2 billion financial services holding company headquartered in Elmira, New York and operates 32 retail offices through its principal subsidiary, Chemung Canal Trust Company, a full service community bank with trust powers. Established in 1833, Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State. Chemung Financial Corporation is also the parent of CFS Group, Inc., a financial services subsidiary offering non-traditional services including mutual funds, annuities, brokerage services, tax preparation services and insurance, and Chemung Risk Management, Inc., a captive insurance company based in the State of Nevada.

Company profile

Ticker

CHMG

Exchange

NASDAQ

Website

www.chemungcanal.com

CEO

Anders M. Tomson

Incorporated

New York

Location

New York

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • State Street • Citizens Financial • Northern Trust • M & T Bank • Popular • Fifth Third Bancorp • Associated Banc-Corp. • First Citizens Bancshares, Inc • SVB Financial ...

SEC CIK

0000763563

Corporate docs

Articles of Incorporation & Bylaws

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Chemung Canal Trust Company • CFS Group, Inc. • Chemung Risk Management, Inc. ...

IRS number

161237038

CHMG stock data

1M 1Y 5Y

News

From Benzinga Pro

Chemung Financial Q2 EPS $1.72 Up From $1.45 YoY

21 Jul 22

Chemung Financial (NASDAQ:CHMG) reported quarterly earnings of $1.72 per share. This is a 18.62 percent increase over earnings of $1.45 per share from the same period last year.

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14 Jul 22

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23 Jun 22

What is a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.

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22 Jun 22

Press releases

From Benzinga Pro

Chemung Financial Corporation Reports Second Quarter 2022 Net Income of $8.0 million, or $1.72 per Share

21 Jul 22

ELMIRA, N.Y., July 21, 2022 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the "Corporation") (NASDAQ:CHMG), the parent company of Chemung Canal Trust Company (the "Bank"), today reported net income of $8.0

Chemung Financial Corporation Announces Quarterly Dividend

18 May 22

ELMIRA, N.Y., May 18, 2022 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (NASDAQ:CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.31 per share, payable on July 1, 2022

Calendar

11 Aug 22

12 Aug 22

31 Dec 22

Financial summary

Financial statements Chart CHMG financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	29.77M	29.77M	29.77M	29.77M	29.77M	29.77M
Cash burn (monthly)	11.91M	2.25M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	17.08M	3.23M	n/a	n/a	n/a	n/a
Cash remaining	12.69M	26.54M	n/a	n/a	n/a	n/a
Runway (months of cash)	1.1	11.8	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

CHMG insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
27 Jul 22	Bentley Ronald M	COMMON STOCK	Sell	Dispose S	No	No	45.0878	4,522	203.89K	44,753
26 Jul 22	Wirth Thomas W	COMMON STOCK	Sell	Dispose S	No	No	45.2936	500	22.65K	3,777.393
26 Jul 22	Bentley Ronald M	COMMON STOCK	Sell	Dispose S	No	No	45.1679	1,450	65.49K	49,275
25 Jul 22	Bentley Ronald M	COMMON STOCK	Sell	Dispose S	No	No	45.5847	1,028	46.86K	50,725
29 Jun 22	Frank D Vassallo	COMMON STOCK	Sale back to company	Dispose D	No	No	0	345	0	43

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

CHMG institutional ownership history Ownership history

48.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	42	40	+5.0%
Opened positions	4	2	+100.0%
Closed positions	2	6	-66.7%
Increased positions	14	11	+27.3%
Reduced positions	13	13	–

13F shares	Current	Prev Q	Change
Total value	102.49M	101.92M	+0.6%
Total shares	2.26M	2.26M	-0.1%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Chemung Canal Trust	356.91K	$16.66M	-0.3%
Dalrymple Family LTD Partnership	343.54K	$15.96M	0.0%
FJ Capital Management	323.44K	$15.1M	-8.4%
Robert H Dalrymple	234.49K	$7.96M	0.0%
Vanguard	153.45K	$7.16M	-0.5%
Basswood Capital Management, L.L.C.	141.19K	$6.59M	+11.5%
Dimensional Fund Advisors	93.28K	$4.36M	+2.6%
Royce & Associates	79.98K	$3.73M	-10.7%
Alliancebernstein	77.79K	$3.63M	+12.9%
First Manhattan	68.02K	$3.18M	-1.2%

Largest transactions	Shares	Bought/sold	Change
FJ Capital Management	323.44K	-29.56K	-8.4%
Basswood Capital Management, L.L.C.	141.19K	+14.61K	+11.5%
Maltese Capital Management	10.2K	+10.2K	NEW
Ergoteles	0	-10.11K	EXIT
Millennium Management	10K	+10K	NEW
Royce & Associates	79.98K	-9.6K	-10.7%
Alliancebernstein	77.79K	+8.86K	+12.9%
BLK Blackrock	16.87K	+5.3K	+45.8%
Renaissance Technologies	58.31K	-4.21K	-6.7%
Dimensional Fund Advisors	93.28K	+2.36K	+2.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Bad

New words: August, automobile, dealer, fill, flat, franchise, mediation, merit, occupied, owner, retired, shift, slightly, software, switch, technology

Removed: actuarial, affecting, base, create, drawn, entirety, excessive, important, phase, reaction, revised, spending, unusual, working, worldwide

From filing 10-Q 2022 Q2

Financial reports

View all