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
Website
CEO
Anders M. Tomson
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Chemung Canal Trust Company • CFS Group, Inc. • Chemung Risk Management, Inc. ...
IRS number
161237038
CHMG stock data
Calendar
11 Aug 22
12 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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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 |
Recent insider trades
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 |
Institutional ownership, Q1 2022
48.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 42 |
Opened positions | 4 |
Closed positions | 2 |
Increased positions | 14 |
Reduced positions | 13 |
13F shares | Current |
---|---|
Total value | 102.49M |
Total shares | 2.26M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Chemung Canal Trust | 356.91K | $16.66M |
Dalrymple Family LTD Partnership | 343.54K | $15.96M |
FJ Capital Management | 323.44K | $15.1M |
Robert H Dalrymple | 234.49K | $7.96M |
Vanguard | 153.45K | $7.16M |
Basswood Capital Management, L.L.C. | 141.19K | $6.59M |
Dimensional Fund Advisors | 93.28K | $4.36M |
Royce & Associates | 79.98K | $3.73M |
Alliancebernstein | 77.79K | $3.63M |
First Manhattan | 68.02K | $3.18M |
Content analysis
?Positive | ||
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Readability |
H.S. junior Bad
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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
Financial reports
Current reports
8-K
Chemung Financial Corporation Reports Second Quarter 2022 Net Income of $8.0 million, or $1.72 per Share
21 Jul 22
8-K
Amendments to Articles of Incorporation or Bylaws
15 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
7 Jun 22
8-K
Anders M. Tomson President & CEO David J. Dalrymple Chairman of the Board 2
7 Jun 22
8-K
Chemung Financial Corporation Announces Quarterly Dividend
18 May 22
8-K
Chemung Financial Corporation Reports First Quarter 2022 Net Income of $6.9 million, or $1.46 per Share
21 Apr 22
8-K
Chemung Financial Corporation Announces Quarterly Dividend
16 Feb 22
8-K
Results of Operations and Financial Condition
26 Jan 22
8-K
Chemung Financial Corporation Announces Quarterly Dividend
19 Nov 21
8-K
CHEMUNG FINANCIAL CORPORATION 2021 Investor Presentation
10 Nov 21
Registration and prospectus
S-8
Registration of securities for employees
21 Jun 21
S-3
Shelf registration
27 Apr 20
S-8
Registration of securities for employees
26 Jan 15
8-A12B
Registration of securities on exchange
14 Nov 12
425
Business combination disclosure
25 Apr 11
425
Business combination disclosure
10 Apr 11
425
Business combination disclosure
31 Mar 11
425
Business combination disclosure
17 Mar 11
425
Business combination disclosure
8 Mar 11
425
Business combination disclosure
27 Feb 11
Other
EFFECT
Notice of effectiveness
8 May 20
CORRESP
Correspondence with SEC
4 May 20
UPLOAD
Letter from SEC
4 May 20
CORRESP
Correspondence with SEC
10 Feb 11
EFFECT
Notice of effectiveness
10 Feb 11
CORRESP
Correspondence with SEC
8 Feb 11
UPLOAD
Letter from SEC
27 Jan 11
CORRESP
Correspondence with SEC
20 Jan 11
UPLOAD
Letter from SEC
13 Jan 11
UPLOAD
Letter from SEC
23 Mar 10
Ownership
4
CHEMUNG FINANCIAL / Ronald M Bentley ownership change
27 Jul 22
4
CHEMUNG FINANCIAL / Ronald M Bentley ownership change
26 Jul 22
4
CHEMUNG FINANCIAL / Thomas W Wirth ownership change
26 Jul 22
3
CHEMUNG FINANCIAL / Koen G. Long ownership change
26 Jul 22
4
CHEMUNG FINANCIAL / Frank D Vassallo ownership change
1 Jul 22
11-K
Annual report of employee stock purchases
27 Jun 22
4
CHEMUNG FINANCIAL / LOREN D COLE ownership change
17 Jun 22
4/A
CHEMUNG FINANCIAL / Denise V Gonick ownership change
16 Jun 22
4
CHEMUNG FINANCIAL / Denise V Gonick ownership change
3 Jun 22
4
CHEMUNG FINANCIAL / LOREN D COLE ownership change
23 May 22
Reddit threads
Daily Discussion Thread - June 16th, 2022
16 Jun 22
Daily Discussion Thread - June 15th, 2022
15 Jun 22
Daily Discussion Thread - June 14th, 2022
14 Jun 22
Daily Discussion Thread - June 13th, 2022
13 Jun 22
Daily Discussion Thread - March 17th, 2022
17 Mar 22
Daily Discussion Thread - March 16th, 2022
16 Mar 22
Daily Discussion Thread - March 15th, 2022
15 Mar 22
Daily Discussion Thread - March 14th, 2022
14 Mar 22
Daily Discussion Thread - January 27th, 2022
27 Jan 22
Daily Discussion Thread - January 26th, 2022
26 Jan 22