NasdaqGS:CHMG

Stock Analysis Report

Executive Summary

Chemung Financial Corporation operates as a bank.

Snowflake

Fundamentals

Flawless balance sheet with proven track record and pays a dividend.

Risks

  • Chemung Financial is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Chemung Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.4%

NasdaqGS:CHMG

-2.5%

US Banks

-0.7%

US Market


1 Year Return

-4.7%

NasdaqGS:CHMG

-14.2%

US Banks

-0.5%

US Market

CHMG outperformed the Banks industry which returned -14.2% over the past year.

CHMG underperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

CHMGIndustryMarket
7 Day-2.4%-2.5%-0.7%
30 Day-15.9%-6.1%-3.0%
90 Day-15.0%-3.8%0.9%
1 Year-2.4%-4.7%-11.8%-14.2%1.7%-0.5%
3 Year43.9%33.4%42.1%32.4%39.5%30.4%
5 Year69.0%45.3%53.3%36.7%54.1%37.0%

Price Volatility Vs. Market

How volatile is Chemung Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Chemung Financial undervalued based on future cash flows and its price relative to the stock market?

9x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Chemung Financial's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Chemung Financial's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Chemung Financial is good value based on earnings compared to the US Banks industry average.

Chemung Financial is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Chemung Financial earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Chemung Financial is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Chemung Financial expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

-7.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Chemung Financial's revenue is expected to grow by 1.3% yearly, however this is not considered high growth (20% yearly).

Chemung Financial's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Chemung Financial's revenue growth is positive but not above the United States of America market average.

Chemung Financial's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Chemung Financial's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Chemung Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Chemung Financial performed over the past 5 years?

18.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Chemung Financial's year on year earnings growth rate has been positive over the past 5 years.

Chemung Financial's 1-year earnings growth exceeds its 5-year average (161.3% vs 18%)

Chemung Financial's earnings growth has exceeded the US Banks industry average in the past year (161.3% vs 33.3%).


Return on Equity

Chemung Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Chemung Financial used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Chemung Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Chemung Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Chemung Financial has an acceptable proportion of non-loan assets held.

Chemung Financial has a sufficient allowance for bad loans.

Chemung Financial's liabilities are made up of primarily low risk sources of funding.

Chemung Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Chemung Financial are broadly funded by customer deposits.

Chemung Financial has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Chemung Financial's current dividend yield, its reliability and sustainability?

2.54%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Chemung Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Chemung Financial's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4.4x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Chemung Financial's salary, the management and board of directors tenure and is there insider trading?

5.2yrs

Average management tenure


CEO

Anders Tomson (52yo)

2.7yrs

Tenure

US$851,769

Compensation

Mr. Anders M. Tomson has been the President, Chief Executive Officer and Director of Chemung Canal Trust Company and Chemung Financial Corporation since July 2015 and as its Chief Executive Officer and Dir ...


CEO Compensation Analysis

Anders's remuneration is about average for companies of similar size in United States of America.

Anders's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.2yrs

Average Tenure

58yo

Average Age

The average tenure for the Chemung Financial management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

10.4yrs

Average Tenure

66.5yo

Average Age

The average tenure for the Chemung Financial board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

Chemung Financial individual insiders have only sold shares in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

SellUS$9,50022 May 19
Thomas Wirth
EntityIndividual
Role
Other Key Executive
Executive Vice President of Wealth Management Group - Chemung Canal Trust Company
Shares200
Max PriceUS$47.50
SellUS$20,79315 May 19
Daniel Fariello
EntityIndividual
Role
Unit President
President of Capital Bank Division - Chemung Canal Trust Company
Shares429
Max PriceUS$48.47
SellUS$43708 May 19
Daniel Fariello
EntityIndividual
Role
Unit President
President of Capital Bank Division - Chemung Canal Trust Company
Shares9
Max PriceUS$48.50
BuyUS$27,98606 Mar 19
Jeffrey Streeter
EntityIndividual
Shares594
Max PriceUS$47.11
SellUS$24,16425 Feb 19
Karen Makowski
EntityIndividual
Role
Other Key Executive
Executive VP & Chief Risk Officer - Chemung Canal Trust Company
Shares500
Max PriceUS$48.35
BuyUS$20,75029 Jan 19
G. Tranter
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$41.50
BuyUS$41,76028 Jan 19
Denise Gonick
EntityIndividual
Shares1,000
Max PriceUS$41.76
BuyUS$36,12525 Oct 18
G. Tranter
EntityIndividual
Role
Member of the Board of Directors
Director
Shares850
Max PriceUS$42.50
SellUS$94,78730 Aug 18
Robert Dalrymple
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,241
Max PriceUS$42.39
SellUS$85,32527 Aug 18
Robert Dalrymple
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,000
Max PriceUS$42.66
SellUS$42,70023 Aug 18
John Potter
EntityIndividual
Shares1,000
Max PriceUS$42.70
SellUS$212,77023 Aug 18
Robert Dalrymple
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,000
Max PriceUS$42.57

Ownership Breakdown


Management Team

  • Mike Wayne (58yo)

    Senior VP & Director of Marketing

    • Tenure: 13.6yrs
  • Catherine Crandall

    Senior Vice President of WMG Estate Administration

    • Tenure: 0.0yrs
  • Thomas Wirth (53yo)

    Executive Vice President of Wealth Management Group - Chemung Canal Trust Company

    • Tenure: 4.6yrs
    • Compensation: US$315.34k
  • Norman Ward (69yo)

    SVP, Chief Auditor & Senior Investment Officer

    • Tenure: 0.0yrs
  • Karl Krebs (63yo)

    CFO & Treasurer

    • Tenure: 5.8yrs
    • Compensation: US$439.81k
  • Anders Tomson (52yo)

    President

    • Tenure: 2.7yrs
    • Compensation: US$851.77k
  • Karen Makowski (62yo)

    Executive VP & Chief Risk Officer - Chemung Canal Trust Company

    • Tenure: 8.6yrs
    • Compensation: US$383.27k
  • Kathy McKillip

    Assistant VP & Corporate Secretary

    • Tenure: 0.0yrs
  • Dan Fariello (42yo)

    President of Capital Bank Division - Chemung Canal Trust Company

    • Tenure: 1.6yrs
    • Compensation: US$341.06k
  • Pamela Burns

    Senior Vice President of Human Resources

    • Tenure: 0.0yrs

Board Members

  • Ron Bentley (66yo)

    Director

    • Tenure: 12.4yrs
    • Compensation: US$102.36k
  • Bruce Boyea (67yo)

    Director

    • Tenure: 8.4yrs
    • Compensation: US$33.40k
  • David Dalrymple (65yo)

    Chairman of the Board

    • Tenure: 26.6yrs
    • Compensation: US$81.61k
  • Robert Dalrymple (68yo)

    Director

    • Tenure: 24.6yrs
    • Compensation: US$44.28k
  • Stephen Lounsberry (65yo)

    Director

    • Tenure: 24.6yrs
    • Compensation: US$50.30k
  • Richard Swan (70yo)

    Director

    • Tenure: 35.6yrs
    • Compensation: US$47.87k
  • Larry Becker (79yo)

    Director

    • Tenure: 8.3yrs
    • Compensation: US$41.68k
  • Anders Tomson (52yo)

    President

    • Tenure: 2.7yrs
    • Compensation: US$851.77k
  • Tom Tyrrell (68yo)

    Director

    • Tenure: 5.5yrs
    • Compensation: US$43.37k
  • Tom Tranter (64yo)

    Director

    • Tenure: 5.5yrs
    • Compensation: US$43.77k

Company Information

Chemung Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chemung Financial Corporation
  • Ticker: CHMG
  • Exchange: NasdaqGS
  • Founded: 1833
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$198.562m
  • Shares outstanding: 4.84m
  • Website: https://www.chemungcanal.com

Number of Employees


Location

  • Chemung Financial Corporation
  • One Chemung Canal Plaza
  • Elmira
  • New York
  • 14901
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CHMGNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 1975

Biography

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 depos ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/18 23:34
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.