Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
04 January 1999Website:
http://www.chemungcanal.comNext earnings report:
19 July 2024Last dividends:
17 June 2024Next dividends:
N/APrice
regular market | Tue, 02 Jul 2024 13:30:01 GMTAnalysts recommendations
Institutional Ownership
CHMG Latest News
ELMIRA, N.Y., May 21, 2024 (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, 2024, to common stock shareholders of record as of the close of business on June 17, 2024.
While the revenue and EPS figures for Chemung Financial (CHMG) offer insight into its performance in the first quarter of 2024, it is important to also evaluate how certain key metrics stack up against analyst expectations and the results from the same period last year.
Chemung Financial (CHMG) reported earnings of $1.48 per share for the quarter, exceeding the Zacks Consensus Estimate of $1.08 per share. This is lower than the $1.54 per share earnings reported in the same quarter last year.
Gain a more thorough understanding of Chemung Financial's (CHMG) potential performance for the first quarter of 2024 by looking beyond Wall Street's revenue and profit projections and analyzing estimates for its critical performance indicators.
While the top- and bottom-line numbers for Chemung Financial (CHMG) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Chemung Financial (CHMG) came out with quarterly earnings of $0.81 per share, missing the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.58 per share a year ago.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Chemung Financial (CHMG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Chemung Financial (CHMG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
What type of business is Chemung Financial?
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.
What sector is Chemung Financial in?
Chemung Financial is in the Financial Services sector
What industry is Chemung Financial in?
Chemung Financial is in the Banks - Regional industry
What country is Chemung Financial from?
Chemung Financial is headquartered in United States
When did Chemung Financial go public?
Chemung Financial initial public offering (IPO) was on 04 January 1999
What is Chemung Financial website?
https://www.chemungcanal.com
Is Chemung Financial in the S&P 500?
No, Chemung Financial is not included in the S&P 500 index
Is Chemung Financial in the NASDAQ 100?
No, Chemung Financial is not included in the NASDAQ 100 index
Is Chemung Financial in the Dow Jones?
No, Chemung Financial is not included in the Dow Jones index
When does Chemung Financial report earnings?
The next expected earnings date for Chemung Financial is 19 July 2024