Chemung Financial Corp. (NASDAQ:CHMG) has been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. Chemung Financial’s rating score has improved by 33.3% in the last 90 days as a result of various analysts’ ratings changes.
Brokers have set a 1 year consensus price objective of $52.00 for the company and are forecasting that the company will post $0.98 EPS for the current quarter, according to Zacks. Zacks has also assigned Chemung Financial an industry rank of 163 out of 256 based on the ratings given to its competitors.
Several equities analysts recently weighed in on the stock. Sandler O’Neill downgraded shares of Chemung Financial from a “buy” rating to a “hold” rating in a report on Monday, April 22nd. Janney Montgomery Scott upgraded shares of Chemung Financial from a “neutral” rating to a “buy” rating in a report on Tuesday, August 6th. ValuEngine downgraded shares of Chemung Financial from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th. Finally, Zacks Investment Research upgraded shares of Chemung Financial from a “sell” rating to a “hold” rating in a report on Monday, June 3rd.
Shares of CHMG traded up $0.89 during mid-day trading on Friday, hitting $41.00. 3,100 shares of the company traded hands, compared to its average volume of 5,294. Chemung Financial has a 1-year low of $36.87 and a 1-year high of $51.00. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $194.25 million, a PE ratio of 10.79 and a beta of 0.23. The business has a 50 day moving average of $45.80 and a 200 day moving average of $46.62.
Chemung Financial (NASDAQ:CHMG) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.01. Chemung Financial had a net margin of 24.94% and a return on equity of 11.97%. The company had revenue of $20.19 million for the quarter, compared to the consensus estimate of $20.59 million. As a group, research analysts expect that Chemung Financial will post 3.92 EPS for the current fiscal year.
Chemung Financial Company Profile
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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