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Last $26.15 USD
Change Today +0.08 / 0.31%
Volume 922.0
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

chemung financial corp (CHMG) Snapshot

Open
$26.08
Previous Close
$26.07
Day High
$26.56
Day Low
$26.08
52 Week High
10/23/14 - $30.70
52 Week Low
05/7/15 - $25.26
Market Cap
121.8M
Average Volume 10 Days
3.1K
EPS TTM
$2.59
Shares Outstanding
4.7M
EX-Date
09/15/15
P/E TM
10.1x
Dividend
$1.04
Dividend Yield
3.98%
Current Stock Chart for CHEMUNG FINANCIAL CORP (CHMG)

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chemung financial corp (CHMG) Details

Chemung Financial Corporation operates as the holding company for Chemung Canal Trust Company and CFS Group, Inc., which provides a range of banking, financing, fiduciary, and other financial services primarily in New York. It operates in two segments, Core Banking and Wealth Management Services. The company’s deposit products include demand, savings, and time deposits; non-interest- and interest-bearing checking accounts; and insured money market accounts. Its loan portfolio comprises commercial and agricultural loans primarily consisting of loans to small to mid-sized businesses; commercial mortgage loans; residential mortgage loans; and consumer loans, including home equity lines of credit and home equity loans, as well as letters of credit. In addition, the company provides wealth management services comprising services as executor and trustee under wills and agreements; and guardian, custodian, trustee, and agent for pension, profit-sharing, and other employee benefit trusts, as well as various investment, pension, estate planning, and employee benefit administrative services. Further, it offers mutual funds, securities and insurance brokerage, tax preparation, and other services. The company operates through 34 branch offices located in 11 counties in New York and Bradford County in Pennsylvania. Chemung Financial Corporation was founded in 1833 and is headquartered in Elmira, New York.

393 Employees
Last Reported Date: 03/13/15
Founded in 1833

chemung financial corp (CHMG) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $516.7K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $250.2K
Chief Administrative & Risk Officer, Executiv...
Total Annual Compensation: $234.1K
Executive Vice President and Executive Vice P...
Total Annual Compensation: $216.5K
President of Capital Bank Division - Chemung ...
Total Annual Compensation: $277.5K
Compensation as of Fiscal Year 2014.

chemung financial corp (CHMG) Key Developments

Chemung Financial Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2015

Chemung Financial Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company has posted total interest and dividend income was $13,519,000 against $12,996,000 a year ago. Net interest income was $12,647,000 against $12,075,000 a year ago. The increase was due primarily to interest income from the commercial loan portfolio, offset by a decrease in interest and dividends from the taxable securities. Income before income tax expense was $3,891,000 against $2,799,000 a year ago. Net income was $2,577,000 against $1,930,000 a year ago. Basic and diluted earnings per share were $0.55 against $0.41 a year ago. Return on average assets was 0.66% against 0.51% a year ago. Return on average equity was 7.52% against 5.44% a year ago. Book value per share was $28.92 against $30.28 a year ago. For the six months, the company has posted total interest and dividend income was $26,753,000 against $25,950,000 a year ago. Net interest income was $24,989,000 against $24,108,000 a year ago. Income before income tax expense was $7,293,000 against $5,814,000 a year ago. Net income was $4,853,000 against $3,994,000 a year ago. Basic and diluted earnings per share were $1.03 against $0.85 a year ago. Return on average assets was 0.63% against 0.54% a year ago. Return on average equity was 7.16% against 5.68% a year ago. For the second quarter of 2015, the company reported net charge-offs of $123,000.

Chemung Financial Corp. Approves Amendment to the Company's Bylaws

Chemung Financial Corp.'s board on June 17 approved an amendment to the company's bylaws decreasing the number of directors to 13 from 14.

Chemung Financial Announces Quarterly Dividend, Payable on July 1, 2015

Chemung Financial Corporation announced that its Board of Directors has approved a quarterly cash dividend of $0.26 per share, payable on July 1, 2015 to common stock shareholders of record as of the close of business on June 17, 2015.

 

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Industry Analysis

CHMG

Industry Average

Valuation CHMG Industry Range
Price/Earnings 13.6x
Price/Sales 1.7x
Price/Book 0.9x
Price/Cash Flow 13.5x
TEV/Sales 0.3x
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