Chemung Financial (CHMG)


Market Price (9/14/2026): $82.8 | Market Cap: $395.0 MilSector: Financials | Industry: Regional Banks

Chemung Financial (CHMG)


Market Price (9/14/2026): $82.8
Market Cap: $395.0 Mil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.8%, FCF Yield is 11%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -43%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 41%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 38%

Low stock price volatility
Vol 12M is 30%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Digital Payments, Online Banking & Lending, and Wealth Management Technology.

Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%

Key risks
CHMG key risks include [1] a high concentration in commercial real estate loans, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.8%, FCF Yield is 11%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -43%
2 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 41%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 38%
4 Low stock price volatility
Vol 12M is 30%
5 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Digital Payments, Online Banking & Lending, and Wealth Management Technology.
6 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%
7 Key risks
CHMG key risks include [1] a high concentration in commercial real estate loans, Show more.

CHMG in ETFs

Weight = CHMG's share of each fund

VTI0.00%
IWM0.01%
IWN0.02%
VTWO0.01%
AVUV0.01%
DFAS0.01%
IWO0.00%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/2/2026

Chemung Financial (CHMG) stock has gained about 25% since 5/31/2026 because of the following key factors:

1. Robust Fiscal Q2 2026 Earnings Beat and Financial Performance: Chemung Financial reported strong financial results for fiscal Q2 2026 (ended June 30, 2026) on July 22, 2026. The company posted diluted earnings per share (EPS) of $1.82, exceeding the consensus estimate of $1.77 by $0.05. Additionally, quarterly revenue reached $31.17 million, surpassing analysts' expectations of $30.52 million. Key drivers included an 18.8% year-over-year increase in net interest income to $24.7 million and a 62-basis-point expansion in net interest margin to 3.67%. This strong performance followed a fiscal Q1 2026 EPS beat of 15.23% over estimates.

2. Increased Shareholder Returns Through Dividend Hike: On August 19, 2026, Chemung Financial's Board of Directors approved a quarterly cash dividend increase of $0.02 per share, raising it to $0.36 per share. This represents a 5.9% increase over the prior quarterly dividend, signaling confidence in future profitability and enhancing shareholder value.

Show more
Updated on 9/2/2026

Chemung Financial (CHMG) stock has gained about 25% since 5/31/2026 because of the following key factors:

1. Robust Fiscal Q2 2026 Earnings Beat and Financial Performance: Chemung Financial reported strong financial results for fiscal Q2 2026 (ended June 30, 2026) on July 22, 2026. The company posted diluted earnings per share (EPS) of $1.82, exceeding the consensus estimate of $1.77 by $0.05. Additionally, quarterly revenue reached $31.17 million, surpassing analysts' expectations of $30.52 million. Key drivers included an 18.8% year-over-year increase in net interest income to $24.7 million and a 62-basis-point expansion in net interest margin to 3.67%. This strong performance followed a fiscal Q1 2026 EPS beat of 15.23% over estimates.

2. Increased Shareholder Returns Through Dividend Hike: On August 19, 2026, Chemung Financial's Board of Directors approved a quarterly cash dividend increase of $0.02 per share, raising it to $0.36 per share. This represents a 5.9% increase over the prior quarterly dividend, signaling confidence in future profitability and enhancing shareholder value.

3. Positive Analyst Coverage and Price Target Upgrades: Multiple financial institutions initiated or upgraded their ratings and price targets for CHMG during the period. Raymond James initiated coverage with an "Outperform" rating and an $87.00 price target on September 1, 2026. Wall Street Zen upgraded the stock from "hold" to "buy" on August 30, 2026, and Zacks Research moved it from "hold" to a "strong-buy" on July 24, 2026. Keefe, Bruyette & Woods also increased their price target from $77.00 to $81.00 on July 28, 2026.

4. Significant Institutional Investor Interest: BlackRock Inc., a major institutional investor, acquired a new stake of 391,487 shares in Chemung Financial during fiscal Q2 2026, valued at approximately $29.20 million. This substantial investment indicates growing institutional confidence in the company's prospects.

5. Strategic Growth Initiatives and Improved Balance Sheet: The company continued its strategic expansion into higher-growth markets in New York and Pennsylvania, alongside an anticipated conversion of its state charter to a national bank by the end of 2026, for which conditional approval was received. Furthermore, Chemung Financial reported year-to-date annualized loan growth of 8.7% and customer deposit growth of 8.3% as of June 30, 2026, demonstrating effective deployment of capital and a strengthening balance sheet.

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Stock Movement Drivers

Fundamental Drivers

The 24.5% change in CHMG stock from 5/31/2026 to 9/13/2026 was primarily driven by a 51.3% change in the company's Net Income Margin (%).
(LTM values as of)53120269132026Change
Stock Price ($)68.3585.1024.5%
Change Contribution By: 
Total Revenues ($ Mil)9811921.3%
Net Income Margin (%)18.6%28.2%51.3%
P/E Multiple17.812.1-32.0%
Shares Outstanding (Mil)55-0.1%
Cumulative Contribution24.5%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/13/2026
ReturnCorrelation
CHMG24.5% 
Market (SPY)1.0%-4.8%
Sector (XLF)11.0%38.2%

Fundamental Drivers

The 55.0% change in CHMG stock from 2/28/2026 to 9/13/2026 was primarily driven by a 89.5% change in the company's Net Income Margin (%).
(LTM values as of)22820269132026Change
Stock Price ($)54.8985.1055.0%
Change Contribution By: 
Total Revenues ($ Mil)8911933.3%
Net Income Margin (%)14.9%28.2%89.5%
P/E Multiple19.612.1-38.2%
Shares Outstanding (Mil)55-0.6%
Cumulative Contribution55.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/13/2026
ReturnCorrelation
CHMG55.0% 
Market (SPY)11.7%4.4%
Sector (XLF)11.9%32.4%

Fundamental Drivers

The 61.6% change in CHMG stock from 8/31/2025 to 9/13/2026 was primarily driven by a 113.0% change in the company's Net Income Margin (%).
(LTM values as of)83120259132026Change
Stock Price ($)52.6785.1061.6%
Change Contribution By: 
Total Revenues ($ Mil)8511940.5%
Net Income Margin (%)13.2%28.2%113.0%
P/E Multiple22.312.1-45.6%
Shares Outstanding (Mil)55-0.7%
Cumulative Contribution61.6%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/13/2026
ReturnCorrelation
CHMG61.6% 
Market (SPY)19.5%12.5%
Sector (XLF)7.3%41.6%

Fundamental Drivers

The 134.2% change in CHMG stock from 8/31/2023 to 9/13/2026 was primarily driven by a 93.3% change in the company's P/E Multiple.
(LTM values as of)83120239132026Change
Stock Price ($)36.3485.10134.2%
Change Contribution By: 
Total Revenues ($ Mil)9911920.7%
Net Income Margin (%)27.8%28.2%1.3%
P/E Multiple6.312.193.3%
Shares Outstanding (Mil)55-0.9%
Cumulative Contribution134.2%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/13/2026
ReturnCorrelation
CHMG134.2% 
Market (SPY)75.7%30.8%
Sector (XLF)74.0%48.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CHMG Return41%2%12%1%17%54%190%
Peers Return35%-12%-2%16%15%18%84%
S&P 500 Return27%-19%24%23%16%11%102%

Monthly Win Rates [3]
CHMG Win Rate67%42%58%50%67%67% 
Peers Win Rate63%52%52%57%60%62% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
CHMG Max Drawdown-10%-14%-35%-20%-24%-21% 
Peers Max Drawdown-22%-29%-38%-19%-23%-19% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEWT, ATLO, FITB, MTB, HBAN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/11/2026 (YTD)

How Low Can It Go

EventCHMGS&P 500
2025 US Tariff Shock
  % Loss-20.7%-18.8%
  % Gain to Breakeven26.2%23.1%
  Time to Breakeven87 days79 days
2023 SVB Regional Banking Crisis
  % Loss-33.7%-6.7%
  % Gain to Breakeven50.8%7.1%
  Time to Breakeven419 days31 days
2020 COVID-19 Crash
  % Loss-40.2%-33.7%
  % Gain to Breakeven67.2%50.9%
  Time to Breakeven238 days140 days
2013 Taper Tantrum
  % Loss-16.3%-0.2%
  % Gain to Breakeven19.5%0.2%
  Time to Breakeven782 days1 days
2008-2009 Global Financial Crisis
  % Loss-41.2%-53.4%
  % Gain to Breakeven70.1%114.4%
  Time to Breakeven681 days1085 days

Compare to NEWT, ATLO, FITB, MTB, HBAN

In The Past

Chemung Financial's stock fell -20.7% during the 2025 US Tariff Shock. Such a loss loss requires a 26.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCHMGS&P 500
2025 US Tariff Shock
  % Loss-20.7%-18.8%
  % Gain to Breakeven26.2%23.1%
  Time to Breakeven87 days79 days
2023 SVB Regional Banking Crisis
  % Loss-33.7%-6.7%
  % Gain to Breakeven50.8%7.1%
  Time to Breakeven419 days31 days
2020 COVID-19 Crash
  % Loss-40.2%-33.7%
  % Gain to Breakeven67.2%50.9%
  Time to Breakeven238 days140 days
2008-2009 Global Financial Crisis
  % Loss-41.2%-53.4%
  % Gain to Breakeven70.1%114.4%
  Time to Breakeven681 days1085 days

Compare to NEWT, ATLO, FITB, MTB, HBAN

In The Past

Chemung Financial's stock fell -20.7% during the 2025 US Tariff Shock. Such a loss loss requires a 26.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Chemung Financial (CHMG)

Chemung Financial Corporation (CHMG) operates as a regional financial services holding company, primarily through its subsidiary, Chemung Canal Trust Company. Established in 1833, the company offers a comprehensive suite of banking, lending, and financial advisory services to individuals, businesses, and institutions within its operating footprint.

Its core offerings include a variety of deposit products such as checking, savings, time, and money market accounts. On the lending side, Chemung Financial provides commercial and agricultural loans to small and mid-sized businesses, commercial and residential mortgages, and consumer loans including home equity lines and term loans. Beyond traditional banking, the company also extends its services to include interest rate swaps, letters of credit, mutual funds, insurance products, brokerage services, and tax preparation.

Furthermore, Chemung Financial specializes in fiduciary and wealth management services, acting as a guardian, custodian, or trustee for various trusts and employee benefit plans, while also offering investment, pension, and estate planning administration. The company serves customers across 31 branch locations in 13 counties in New York and Bradford County, Pennsylvania, catering to the financial needs of its regional community.

AI Analysis | Feedback

Here are 1-3 brief analogies for Chemung Financial (CHMG):

  • A community-focused Bank of America for upstate New York and parts of Pennsylvania.

  • Imagine a localized PNC Bank, offering a broad spectrum of financial services within its specific New York and Pennsylvania footprint.

  • It's the all-in-one local bank for its region, much like a mini-Wells Fargo serving specific communities in New York and Pennsylvania.

AI Analysis | Feedback

Chemung Financial's major products and services include:
  • Deposit Accounts: Offers a variety of accounts including checking, savings, money market, and time deposits for individuals and businesses.
  • Loan Products: Provides commercial, agricultural, residential mortgage, and consumer loans, such as home equity lines of credit.
  • Wealth Management & Investment Services: Delivers services encompassing wealth management, employee benefit plans, mutual funds, and brokerage.
  • Insurance Products: Offers various insurance products to clients.
  • Fiduciary & Trust Services: Acts as guardian, custodian, and trustee, providing administrative services for trusts, pensions, and estate planning.
  • Tax Preparation Services: Provides services for preparing tax returns.
  • Commercial Financial Services: Offers specialized financial solutions for businesses, including interest rate swaps and letters of credit.

AI Analysis | Feedback

Chemung Financial (CHMG) primarily serves a diverse customer base, encompassing both individuals and businesses within its operating regions. It does not have a few identifiable "major customers" that are other companies. Instead, its customer base can be categorized as follows:

  1. Individuals and Consumers: This category includes individuals seeking personal banking services such as checking and savings accounts, residential mortgage loans, consumer loans (including home equity lines of credit), wealth management, estate planning, and personal insurance and brokerage services.
  2. Small to Mid-sized Businesses and Agricultural Enterprises: This segment comprises small to mid-sized businesses and farms that utilize commercial and agricultural loans, commercial mortgage loans, business checking accounts, treasury services (like interest rate swaps and letters of credit), and employee benefit plan administration services.
  3. Trusts and Institutional Clients: Chemung Financial provides fiduciary services acting as a guardian, custodian, or trustee. It also serves as an agent for pension, profit-sharing, and other employee benefit trusts, offering various investment, pension, and administrative services to these institutional clients.

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  • Jack Henry & Associates (JKHY)

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Anders M. Tomson, President & CEO

Anders M. Tomson was appointed President and Chief Executive Officer of Chemung Financial Corporation and its banking subsidiary, Chemung Canal Trust Company, in December 2016. Prior to this role, he served as President and Chief Operating Officer of the Bank from 2015 to 2016. Tomson joined Chemung Canal in April 2011 as Division President of Capital Bank, a five-branch division, following Chemung Canal's acquisition of Capital Bank & Trust. His previous experience includes serving as Division Executive for commercial real estate in New York State for RBS Citizens Bank and as Senior Vice President and Regional Director for the Community Preservation Corporation, a not-for-profit mortgage lender. He is a graduate of Cornell University.

Dale M. McKim III, Executive Vice President, Chief Financial Officer and Treasurer

Dale M. McKim III serves as the Executive Vice President, Chief Financial Officer, and Treasurer for Chemung Financial Corporation and the Bank. He brings over 25 years of experience in finance and risk management. Before joining Chemung Financial, McKim held positions as Chief Risk Officer for Evans Bank and as a Partner at KPMG LLP in Buffalo.

Peter K. Cosgrove, Executive Vice President & Chief Credit Officer

Peter K. Cosgrove is the Executive Vice President and Chief Credit Officer. He has been with the Bank since 2019, holding titles such as Executive Vice President, Chief Credit Officer, and Chief Risk Officer. Prior to his time at Chemung Canal, Cosgrove was a Regional Sales Executive, East Region, at KeyBank and was part of KeyBank's Merger Integration Leadership Team.

Jeffrey P. Kenefick, Regional President

Jeffrey P. Kenefick holds the title of Regional President and Executive Vice President. He joined Chemung Canal in 2019 and previously served as Senior Vice President and Commercial Loan Manager. Kenefick has over 31 years of banking experience, with a strong focus on commercial banking. Before joining Chemung Canal, he was an Executive Vice President and Regional President at Five Star Bank.

Kimberly A. Hazelton, Executive Vice President, Retail Client Division

Kimberly A. Hazelton serves as the Executive Vice President, Retail Client Division. She is a native of Broome County, New York.

AI Analysis | Feedback

Here are the key risks to Chemung Financial's business:

1. Credit Risk and Asset Quality

Chemung Financial faces significant credit risk, particularly concerning its loan portfolio. The company's disclosures indicate the presence of restructured debt and past-due assets, which could signal stress within parts of its portfolio. There are specific concerns regarding commercial real estate concentrations and indirect auto lending within its loan portfolio. Deterioration in asset quality could lead to increased provisioning for credit losses, negatively impacting earnings and capital adequacy.

2. Interest Rate Risk

As a financial institution, Chemung Financial is exposed to interest rate risk. Changes in market conditions, specifically abrupt shifts in interest rates, can introduce volatility in the company's net interest margin and capital. The company utilizes derivative instruments, such as interest rate swaps, for risk management; however, these derivatives themselves carry inherent interest rate risk exposures.

3. Shareholder Subordination in Liquidation

In a liquidation scenario, Chemung Financial's common stock represents a residual equity claim, meaning it is structurally subordinate to all customer deposits, senior borrowings, and other non-equity obligations. This subordination is further heightened by the approximately $45.0 million in subordinated notes issued in June 2025, as holders of these notes would rank ahead of common shareholders regarding asset recovery.

AI Analysis | Feedback

The rapid growth of neobanks and fintech lenders that offer fully digital banking services, often with lower fees and more competitive rates for deposits and consumer/small business loans. These digital-first competitors bypass the traditional branch network, directly challenging Chemung Financial's core deposit gathering and lending businesses, especially for customers seeking convenience and digital-native experiences.

The increasing adoption of robo-advisors and digital wealth management platforms that provide automated, low-cost investment management and financial planning services. This trend poses a threat to Chemung Financial's traditional wealth management, employee benefit, and fiduciary services, particularly for segments of the market seeking more accessible and technology-driven investment solutions.

AI Analysis | Feedback

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AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Chemung Financial (symbol: CHMG) over the next 2-3 years:

  1. Net Interest Margin (NIM) Expansion and Net Interest Income Growth: Chemung Financial has shown a focus on expanding its net interest margin, which significantly contributed to its strong performance in Q4 2025. The strategic balance sheet repositioning completed in 2025 benefited net interest income, and management aims for sustained profitability through efficient operations.
  2. Commercial Loan Growth: Strong commercial loan growth across key markets was a significant driver for Chemung Financial in 2025, with commercial loans growing 14.3% for the full year. This indicates a continued emphasis on expanding its commercial lending portfolio in various geographies.
  3. Geographic Expansion into Higher Growth Markets: The company's 2026 Investor Presentation highlights plans for "Expansion of the franchise in higher growth markets of Albany and Buffalo" and the "Growth of Canal Bank brand in Western New York." This targeted geographic expansion is expected to drive new customer acquisition and loan origination.
  4. Growth in Wealth Management and Fee-Based Services: Chemung Financial aims to leverage "High touch relationships with affluent borrowers" to provide a "dependable non-interest income stream." The CFS Group, Inc. subsidiary already offers diverse non-traditional services, including mutual funds, annuities, brokerage services, tax preparation, and insurance, indicating a continued focus on expanding these fee-based offerings.
  5. Enhanced Digital Experience: The "Introduction of enhanced digital experience" is a strategic initiative mentioned in the 2026 Investor Presentation. Improving digital banking capabilities is expected to attract and retain customers, streamline operations, and ultimately support overall revenue growth through increased engagement and convenience.

AI Analysis | Feedback

Share Repurchases

  • Chemung Financial Corporation approved a new stock repurchase program on January 8, 2021, authorizing the repurchase of up to 250,000 shares of its common stock, representing approximately 5% of its outstanding shares.
  • Under this program, 49,184 shares were repurchased at an average cost of $40.42 per share as of March 1, 2026, totaling approximately $1.99 million in repurchases.
  • As of March 10, 2023, 200,816 shares remained authorized for repurchase under the program.

Share Issuance

  • In April 2020, Chemung Financial filed a Form S-3 Registration Statement allowing for the potential future sale of up to $50 million in various securities, including common stock.
  • The company operates a Dividend Reinvestment and Stock Purchase Plan, which enables shareholders to reinvest dividends or make cash payments to acquire additional stock.

Capital Expenditures

  • Capital expenditures for the year ended December 31, 2024, amounted to $1.19 million.
  • The average capital expenditure over the last five years was approximately $1.6 million, with other reported values including $2.1 million, $1.6 million, and $1.58 million within that period.
  • A primary focus of recent capital expenditures has been on strategic initiatives, including the significant expansion of its presence in Western New York with the opening of a new regional banking center in Williamsville in October 2024 under the Canal Bank brand.

Peer Outperformance in Regional Banks

CHMG has outperformed 79% of its 264 Regional Banks peers over 5Y. Regional Banks ranks 6th of 18 industries in Financials by median 5Y return.
Share of Regional Banks constituents that CHMG has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
97%
of 287 industry peers · 65.7% return
3Y
82%
of 276 industry peers · 126.5% return
5Y
79%
of 264 industry peers · 113.5% return
No Regional Banks peer with a comparable growth profile has beaten CHMG by more than 20pp over 5Y.
Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is CHMG's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Investment Banking & Brokerage 13 4.4%109.9%135.9% IBKR 511% · SNEX 266% · GS 188%
Reinsurance 6 18.8%73.7%132.8% SPNT 164% · RGA 143% · RNR 133%
Diversified Banks 12 37.8%127.6%118.3% JPM 157% · CM 153% · RY 143%
Life & Health Insurance 20 8.2%54.2%103.2% JXN 569% · UNM 321% · FG 203%
Multi-Sector Holdings 4 3.5%53.9%82.7% JONE 361% · BRK-B 84% · VOYA 81%
Regional Banks ← 265 26.8%84.7%68.7% GCBC 366% · ESQ 361% · VBNK 332%
Property & Casualty Insurance 42 9.4%68.6%68.2% ASIC 2746900% · HRTG 471% · UVE 308%
Multi-line Insurance 9 8.9%78.7%64.5% GNW 193% · L 108% · SLF 91%
Consumer Finance 30 5.7%87.6%33.8% ENVA 603% · EZPW 379% · FCFS 180%
Financial Exchanges & Data 15 -6.5%11.8%30.5% VIRT 201% · CBOE 142% · CME 80%
Diversified Financial Services 4 0.9%14.0%24.1% FRHC 174% · EQH 106% · TMS -58%
Insurance Brokers 16 -17.9%-3.8%20.4% LIFE 347% · ARX 89% · AJG 75%
Asset Management & Custody Banks 83 -10.8%13.7%14.4% WT 340% · SII 291% · VCTR 280%
Commercial & Residential Mortgage Finance 12 -48.2%28.3%2.8% FNMA 488% · FMCC 458% · ESNT 70%
Specialized Finance 3 27.4%39.8%-0.4% EFC 30% · CACC 0% · HASI -13%
Mortgage REITs 33 -13.2%8.4%-15.4% NREF 55% · RITM 48% · DX 37%
Transaction & Payment Processing Services 15 2.2%-8.7%-41.9% V 73% · MA 70% · CPAY 60%
Diversified Capital Markets 21 -33.6%2.7%-43.9% OPY 215% · LPLA 153% · GOLD 103%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1How Low Can Chemung Financial Stock Really Go?10/17/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CHMGNEWTATLOFITBMTBHBANMedian
NameChemung .NewtekOneAmes Nat.Fifth Th.M&T Bank Huntingt. 
Mkt Price85.1012.2232.4954.72239.8316.8643.61
Mkt Cap0.40.30.349.935.034.117.2
Rev LTM1192777310,4909,8239,6834,980
Op Inc LTM-------
FCF LTM45-740212,8963,5952,6831,364
FCF 3Y Avg34-373173,3423,4942,3831,208
CFO LTM47-739223,6653,8043,0621,554
CFO 3Y Avg36-373193,9123,7042,6211,328

Growth & Margins

CHMGNEWTATLOFITBMTBHBANMedian
NameChemung .NewtekOneAmes Nat.Fifth Th.M&T Bank Huntingt. 
Rev Chg LTM40.5%7.8%21.3%23.8%4.7%26.1%22.6%
Rev Chg 3Y Avg8.7%26.8%8.1%7.4%0.9%9.1%8.4%
Rev Chg Q213.2%7.0%18.5%45.3%4.1%46.4%31.9%
QoQ Delta Rev Chg LTM21.3%1.7%4.3%10.6%1.0%10.2%7.3%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM39.4%-267.4%30.3%34.9%38.7%31.6%33.3%
CFO/Rev 3Y Avg35.4%-138.6%30.2%43.8%39.2%32.1%33.8%
FCF/Rev LTM38.1%-267.5%28.9%27.6%36.6%27.7%28.3%
FCF/Rev 3Y Avg33.3%-138.7%27.9%37.6%37.0%29.3%31.3%

Valuation

CHMGNEWTATLOFITBMTBHBANMedian
NameChemung .NewtekOneAmes Nat.Fifth Th.M&T Bank Huntingt. 
Mkt Cap0.40.30.349.935.034.117.2
P/S3.41.34.04.83.63.53.5
P/Op Inc-------
P/EBIT-------
P/E12.15.312.521.311.514.212.3
P/CFO8.7-0.513.113.69.211.110.2
Total Yield9.9%27.6%10.7%7.3%11.3%10.0%10.4%
Dividend Yield1.6%8.8%2.7%2.6%2.6%3.0%2.7%
FCF Yield 3Y Avg12.4%-103.1%8.9%10.9%11.8%9.5%10.2%
D/E0.41.60.10.40.50.60.5
Net D/E-0.40.5-1.7-0.9-0.70.0-0.5

Returns

CHMGNEWTATLOFITBMTBHBANMedian
NameChemung .NewtekOneAmes Nat.Fifth Th.M&T Bank Huntingt. 
1M Rtn1.4%-6.1%3.6%-5.8%-5.0%-5.9%-5.4%
3M Rtn17.9%-11.5%7.7%0.7%4.1%-2.9%2.4%
6M Rtn60.6%6.9%23.9%28.1%23.8%13.0%23.9%
12M Rtn65.7%12.9%64.0%24.2%24.1%-1.6%24.1%
3Y Rtn126.5%-12.0%108.5%122.6%104.1%76.4%106.3%
1M Excs Rtn3.5%-3.4%4.6%-4.5%-3.6%-4.4%-3.5%
3M Excs Rtn14.5%-13.1%5.2%-0.4%2.4%-4.7%1.0%
6M Excs Rtn44.8%-7.4%9.2%12.8%7.9%-3.7%8.5%
12M Excs Rtn48.6%-4.7%48.5%7.1%7.3%-18.2%7.2%
3Y Excs Rtn64.5%-85.2%36.0%58.9%44.6%4.0%40.3%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Core banking8485878477
Wealth Management Group (WMG)1212101011
Inter-Segment Eliminations-0-0-1  
Holding Company, and CFS Group, Inc. (CFS)-11211
Total9597999689


Operating Income by Segment
$ Mil20152014201320122011
Core Banking1114111515
Wealth Management Group Services32   
Holding Company And Other-0-00-01
Wealth Management Group (WMG)  21-1
Total1416131616


Net Income by Segment
$ Mil20252024202320222021
Core banking1421212623
Wealth Management Group (WMG)33333
Inter-Segment Eliminations000  
Holding Company, and CFS Group, Inc. (CFS)-2-01-0-0
Total1524252926


Assets by Segment
$ Mil20252024202320222021
Core banking2,6782,7462,6902,6352,411
Holding Company, and CFS Group, Inc. (CFS)29821519784
Wealth Management Group (WMG)33333
Inter-Segment Eliminations-269-188-179  
Total2,7102,7762,7112,6462,418


Price Behavior

Price Behavior
Market Price$85.10 
Market Cap ($ Bil)0.4 
First Trading Date01/04/1999 
Distance from 52W High0.0% 
   50 Days200 Days
DMA Price$80.35$65.34
DMA Trendupup
Distance from DMA5.9%30.2%
 3M1YR
Volatility28.0%30.0%
Downside Capture-21.8114.18
Upside Capture62.8770.68
Correlation (SPY)-3.3%12.3%
CHMG Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta-0.030.25-0.200.060.280.57
Up Beta1.11-0.48-0.91-0.210.030.63
Down Beta-1.180.02-0.48-0.470.100.66
Up Capture-46%76%53%68%57%28%
Bmk +ve Days10213268138427
Stock +ve Days13223870131369
Down Capture-71%39%-30%-12%27%64%
Bmk -ve Days11213259113324
Stock -ve Days7192556116363

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CHMG
CHMG66.2%30.0%1.70-
Sector ETF (XLF)9.0%14.6%0.3740.8%
Equity (SPY)18.3%12.8%1.0312.3%
Gold (GLD)19.0%29.2%0.59-9.2%
Commodities (DBC)48.3%20.6%1.80-19.8%
Real Estate (VNQ)7.6%13.6%0.2927.8%
Bitcoin (BTCUSD)-32.4%43.8%-0.774.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CHMG
CHMG15.6%26.5%0.55-
Sector ETF (XLF)10.2%18.4%0.4238.4%
Equity (SPY)12.5%17.2%0.5524.4%
Gold (GLD)18.7%18.8%0.81-5.4%
Commodities (DBC)11.4%19.5%0.463.8%
Real Estate (VNQ)0.7%18.9%-0.0725.8%
Bitcoin (BTCUSD)9.4%52.6%0.369.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CHMG
CHMG14.4%35.8%0.48-
Sector ETF (XLF)13.2%22.1%0.5449.6%
Equity (SPY)15.2%17.9%0.7241.8%
Gold (GLD)12.3%16.3%0.62-2.1%
Commodities (DBC)8.7%18.1%0.3915.3%
Real Estate (VNQ)4.7%20.7%0.1940.7%
Bitcoin (BTCUSD)63.2%66.2%1.0312.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date8312026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 815202641.2%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest2.1 days
Basic Shares Quantity4.8 Mil
Short % of Basic Shares2.1%

Earnings Returns History

Updated 8/24/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/22/2026-0.5%9.2%10.3%
4/17/20265.9%11.8%10.5%
1/26/20262.5%7.1%-0.3%
10/21/20252.4%2.5%0.2%
7/17/2025-1.7%-0.8%-4.4%
4/18/2025-0.9%1.8%13.1%
1/28/202514.6%7.6%9.1%
10/22/2024-0.0%-0.2%6.1%
...
SUMMARY STATS   
# Positive161317
# Negative8117
Median Positive1.9%5.8%6.9%
Median Negative-0.5%-0.8%-4.8%
Max Positive14.6%11.8%17.8%
Max Negative-2.6%-6.9%-15.4%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/22/2026-0.5%9.2%10.3%
4/17/20265.9%11.8%10.5%
1/26/20262.5%7.1%-0.3%
10/21/20252.4%2.5%0.2%
7/17/2025-1.7%-0.8%-4.4%
4/18/2025-0.9%1.8%13.1%
1/28/202514.6%7.6%9.1%
10/22/2024-0.0%-0.2%6.1%
7/18/2024-2.6%-3.4%-10.2%
4/18/202410.3%10.3%10.1%
1/25/20240.6%-6.9%-13.4%
10/25/20230.9%5.8%17.8%
7/20/2023-0.3%5.0%0.2%
4/20/20231.7%-1.4%-15.4%
1/26/20236.2%8.4%4.9%
10/21/2022-0.5%-0.5%10.6%
7/21/20222.0%-0.4%0.3%
4/21/20220.0%-0.6%-4.8%
1/26/20220.0%-1.7%-0.2%
10/22/20211.3%3.0%1.6%
7/22/20211.1%4.3%6.9%
4/22/2021-0.3%-0.1%3.6%
1/22/20211.7%-0.8%9.6%
10/19/20202.6%2.7%4.5%
SUMMARY STATS   
# Positive161317
# Negative8117
Median Positive1.9%5.8%6.9%
Median Negative-0.5%-0.8%-4.8%
Max Positive14.6%11.8%17.8%
Max Negative-2.6%-6.9%-15.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202503/13/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/07/202510-Q
12/31/202403/14/202510-K
09/30/202411/07/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202303/13/202410-K
09/30/202311/09/202310-Q
06/30/202308/10/202310-Q
03/31/202305/12/202310-Q
12/31/202203/22/202310-K
09/30/202211/09/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202503/13/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/07/202510-Q
12/31/202403/14/202510-K
09/30/202411/07/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202303/13/202410-K
09/30/202311/09/202310-Q
06/30/202308/10/202310-Q
03/31/202305/12/202310-Q
12/31/202203/22/202310-K
09/30/202211/09/202210-Q
06/30/202208/11/202210-Q
03/31/202205/12/202210-Q
12/31/202103/23/202210-K
09/30/202111/10/202110-Q
06/30/202108/12/202110-Q
03/31/202105/12/202110-Q
12/31/202003/24/202110-K
09/30/202011/05/202010-Q
06/30/202008/06/202010-Q
03/31/202005/08/202010-Q
12/31/201903/12/202010-K
09/30/201911/06/201910-Q

Insider Activity

Updated 8/12/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Tyrrell, Thomas RDirectSell427202665.3378851,480525,915Form
2Dalrymple, Robert HDirectSell226202656.562,833160,23276,411Form
3Fariello, Daniel DPresident, Capital Bank Div.DirectSell204202661.5724214,901483,855Form
4Tyrrell, Thomas RDirectSell202202661.0050030,500536,792Form
5Streeter, Jeffrey BDirectBuy1030202551.922,184113,4001,699,216Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Tyrrell, Thomas RDirectSell427202665.3378851,480525,915Form
2Dalrymple, Robert HDirectSell226202656.562,833160,23276,411Form
3Fariello, Daniel DPresident, Capital Bank Div.DirectSell204202661.5724214,901483,855Form
4Tyrrell, Thomas RDirectSell202202661.0050030,500536,792Form
5Streeter, Jeffrey BDirectBuy1030202551.922,184113,4001,699,216Form
6Streeter, Jeffrey BDirectBuy1029202551.641,31667,9521,577,026Form
7Cole, Loren DEVP & CIOQualified PlanBuy805202550.102,983149,448467,496Form

Investor Activity (13F)

Updated Sep 14, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
PL Capital Advisors, LLC$5.9 Mil1.8%30Hold13F
Active Manager
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
PL Capital Advisors, LLC$5.9 Mil1.8%30Hold13F
Core Cache Last Updated: 9/13/2026