Chemung Financial

Chemung Financial Corp. operates as a holding company. It operates through following segments: Core Banking and Wealth Management Services (WMG). The Core Banking segment attracts deposits from the general public and using such funds to originate consumer, commercial, commercial real estate, and residential mortgage loans, primarily in the local markets of the firm and to invest in securities. The WMG segment provides trust and investment advisory services to clients. The company was founded on January 2, 1985 and is headquartered in Elmira, NY.

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Chemung Financial Corp. is a holding company, which engages in the provision of banking, financing, fiduciary, and other financial services. It operates through the Core Banking and Wealth Management Services (WMG) segments. The Core Banking segment attracts deposits from the general public to originate consumer, commercial, commercial real estate, and residential mortgage loans, primarily in the local markets of the firm and to invest in securities. The WMG segment provides trust and investment advisory services to clients. The company was founded on January 2, 1985 and is headquartered in Elmira, NY.

In this article we will check out the progression of hedge fund sentiment towards Chemung Financial Corp. (NASDAQ:CHMG) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds have access to expert networks and get tips from industry insiders. They also employ numerous Ivy League graduates and MBAs. Like everyone else, hedge funds perform miserably at times, but their consensus picks have historically outperformed the market after risk adjustments.

Where Do Hedge Funds Stand On Chemung Financial Corp. (CHMG)?

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.

Should Value Investors Buy Chemung Financial (CHMG) Stock?

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We have narrowed down our search to five small-cap stocks with a favorable Zacks Rank that popped more than 7% in the past week - World Acceptance (WRLD), Northrim BanCorp (NRIM), South Plains Financial (SPFI), Orrstown Financial (ORRF) and Chemung Financial (CHMG).

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ELMIRA, N.Y., Oct. 19, 2020 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $5.7 million, or $1.19 per share, for the third quarter of 2020, compared to $2.0 million, or $0.40 per share, for the third quarter of 2019.

Chemung Financial Corporation Reports Third Quarter 2020 Net Income of $5.7 million, or $1.19 per Share

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5 Bank Stocks To Buy for an Earnings Bump as Reporting Season Kicks Off

Chemung Financial (CHMG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Chemung Financial (CHMG) Earnings Expected to Grow: What to Know Ahead of Q3 Release

Chemung Financial (CHMG) delivered earnings and revenue surprises of 160.87% and 6.55%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Chemung Financial (CHMG) Beats Q2 Earnings and Revenue Estimates

ELMIRA, N.Y., July  20, 2020  (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $5.8 million, or $1.20 per share, for the second quarter of 2020, compared to $5.0 million, or $1.02 per share, for the second quarter of 2019. 

Chemung Financial Corporation Reports Second Quarter 2020 Net Income of $5.8 million, or $1.20 per Share

Chemung Financial (CHMG) delivered earnings and revenue surprises of -32.00% and 0.86%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Chemung Financial (CHMG) Q1 Earnings Lag Estimates

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ELMIRA, N.Y., Feb.  20, 2020  (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.26 per share, payable on April 1, 2020 to common stock shareholders of record as of the close of business on March 18, 2020.

Chemung Financial Corporation  Announces Quarterly Dividend

ELMIRA, N.Y., Jan.  28, 2020  (GLOBE NEWSWIRE) -- Chemung Canal Trust Company (CCTC) today announced that it will be closing its branch office on Main Street in Towanda, at the close of business on Thursday, April 30, 2020.  Customers of the office will receive communications from the bank regarding details of the transition.

Chemung Canal Trust Company Announces  Upcoming Closing of Towanda Office

Chemung Financial (CHMG) delivered earnings and revenue surprises of -13.00% and -0.53%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Chemung Financial (CHMG) Q4 Earnings and Revenues Lag Estimates

ELMIRA, N.Y., Dec.  16, 2019  (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier on December 13, 2019 by Chemung Financial Corporation (Nasdaq: CHMG) please note that in the first paragraph of the release, the date should be January 2, 2020, not January 2, 2019 as previously stated. The corrected release follows:

CORRECTION – Chemung Financial Corporation Announces Quarterly Dividend

ELMIRA, N.Y., Dec.  13, 2019  (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.26 per share, payable on January 2, 2019 to common stock shareholders of record as of the close of business on December 23, 2019.

Chemung Financial Corporation Announces  Quarterly Dividend

ELMIRA, N.Y., Dec.  03, 2019  (GLOBE NEWSWIRE) -- Chemung Canal Trust Company today announced that Karen R. Makowski, Executive Vice President and Chief Risk Officer, will be retiring on January 2, 2020. Mrs. Makowski’s retirement had been announced internally, and through a filing with the Securities and Exchange Commission, this past August. She has worked at Chemung Canal Trust Company since November 2011.

Chemung Canal Trust Company Executive Set to Retire

Chemung Financial (CHMG) delivered earnings and revenue surprises of 37.93% and -1.96%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Chemung Financial (CHMG) Surpasses Q3 Earnings Estimates

ELMIRA, N.Y., Oct.  18, 2019  (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $2.0 million, or $0.40 per share, for the third quarter of 2019, compared to $6.9 million, or $1.43 per share, for the third quarter of 2018.  The primary reason for the decrease in net income for the third quarter of 2019 as compared to the same period in the prior year was an increase in the provision for loan losses attributed to a specific impairment of $4.2 million related to the previously disclosed participation interest in a commercial credit.

Chemung Financial Corporation Reports Third Quarter 2019 Net Income of $2.0 Million, or $0.40 per Share

ELMIRA, N.Y., Aug.  26, 2019  (GLOBE NEWSWIRE) -- Chemung Canal Trust Company (the bank) today announced that Peter K. Cosgrove has been hired as Executive Vice President and Chief Credit Officer.  He began his employment with the bank on August 12th.  

Chemung Canal Trust Company Adds Executive Team Member

Chemung Financial (CHMG) delivered earnings and revenue surprises of 9.68% and -1.96%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Chemung Financial (CHMG) Q2 Earnings Surpass Estimates

Chemung Financial (CHMG) delivered earnings and revenue surprises of -8.00% and -1.12%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

Chemung Financial (CHMG) Q1 Earnings and Revenues Lag Estimates

Chemung Financial (CHMG) to Report Q1 Results: Wall Street Expects Earnings Growth

Chemung Financial might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Chemung Financial Upgraded to Strong Buy: Here's Why

News for Chemung Financial Stock (CHMG)