Shares of Chemung Financial Corp. (NASDAQ:CHMG) have earned a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.
Brokerages have set a twelve-month consensus price target of $51.00 for the company and are forecasting that the company will post $0.93 EPS for the current quarter, according to Zacks. Zacks has also assigned Chemung Financial an industry rank of 195 out of 256 based on the ratings given to related companies.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised Global Ship Lease from a “hold” rating to a “strong-buy” rating and set a $7.75 price objective for the company in a research report on Monday, June 3rd. ValuEngine lowered Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Sandler O’Neill set a $60.00 price objective on Eagle Bancorp and gave the company a “buy” rating in a research report on Monday, April 22nd.
Shares of NASDAQ:CHMG traded up $1.24 during trading on Friday, hitting $48.75. The stock had a trading volume of 8,300 shares, compared to its average volume of 8,391. Chemung Financial has a 12 month low of $36.87 and a 12 month high of $51.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.91 and a quick ratio of 0.90. The company has a market cap of $227.27 million, a P/E ratio of 12.83 and a beta of 0.26. The company has a fifty day moving average of $47.17.
Chemung Financial (NASDAQ:CHMG) last posted its quarterly earnings data on Wednesday, April 17th. The bank reported $0.92 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.04). Chemung Financial had a net margin of 22.32% and a return on equity of 10.95%. The company had revenue of $20.09 million for the quarter, compared to the consensus estimate of $20.32 million. As a group, equities analysts expect that Chemung Financial will post 3.82 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 17th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Friday, June 14th. Chemung Financial’s dividend payout ratio (DPR) is presently 27.37%.
About Chemung Financial
Chemung Financial Corporation operates as a bank. The bank offers demand deposits and interest and non-interest bearing time and savings deposits. It's deposits include jumbo deposits and retail time deposits. The bank provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.
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