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Chemung Financial Corporation is a banks-regional business based in the US. Chemung Financial Corporation shares (CHMG) are listed on the NASDAQ and all prices are listed in US Dollars.
|52-week range||USD$21.1984 - USD$39.3561|
|50-day moving average||USD$35.3868|
|200-day moving average||USD$33.5007|
|Wall St. target price||USD$38.25|
|Dividend yield||USD$1.04 (2.85%)|
|Earnings per share (TTM)||USD$4.011|
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Valuing Chemung Financial Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Chemung Financial Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Chemung Financial Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 9x. In other words, Chemung Financial Corporation shares trade at around 9x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
|Revenue TTM||USD$79.8 million|
|Operating margin TTM||31.88%|
|Gross profit TTM||USD$79.8 million|
|Return on assets TTM||0.95%|
|Return on equity TTM||10.08%|
|Market capitalisation||USD$171.2 million|
TTM: trailing 12 months
There are currently 46,433 Chemung Financial Corporation shares held short by investors – that's known as Chemung Financial Corporation's "short interest". This figure is 6.1% up from 43,776 last month.
There are a few different ways that this level of interest in shorting Chemung Financial Corporation shares can be evaluated.
Chemung Financial Corporation's "short interest ratio" (SIR) is the quantity of Chemung Financial Corporation shares currently shorted divided by the average quantity of Chemung Financial Corporation shares traded daily (recently around 9985.5913978495). Chemung Financial Corporation's SIR currently stands at 4.65. In other words for every 100,000 Chemung Financial Corporation shares traded daily on the market, roughly 4650 shares are currently held short.
However Chemung Financial Corporation's short interest can also be evaluated against the total number of Chemung Financial Corporation shares, or, against the total number of tradable Chemung Financial Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Chemung Financial Corporation's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Chemung Financial Corporation shares in existence, roughly 10 shares are currently held short) or 0.0136% of the tradable shares (for every 100,000 tradable Chemung Financial Corporation shares, roughly 14 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Chemung Financial Corporation.
Find out more about how you can short Chemung Financial Corporation stock.
Dividend payout ratio: 25.94% of net profits
Recently Chemung Financial Corporation has paid out, on average, around 25.94% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.85% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Chemung Financial Corporation shareholders could enjoy a 2.85% return on their shares, in the form of dividend payments. In Chemung Financial Corporation's case, that would currently equate to about $1.04 per share.
While Chemung Financial Corporation's payout ratio might seem fairly standard, it's worth remembering that Chemung Financial Corporation may be investing much of the rest of its net profits in future growth.
Chemung Financial Corporation's most recent dividend payout was on 1 April 2021. The latest dividend was paid out to all shareholders who bought their shares by 17 March 2021 (the "ex-dividend date").
Chemung Financial Corporation's shares were split on a 2:1 basis on 3 June 1998. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Chemung Financial Corporation shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Chemung Financial Corporation shares which in turn could have impacted Chemung Financial Corporation's share price.
Over the last 12 months, Chemung Financial Corporation's shares have ranged in value from as little as $21.1984 up to $39.3561. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Chemung Financial Corporation's is 0.063. This would suggest that Chemung Financial Corporation's shares are less volatile than average (for this exchange).
Chemung Financial Corporation operates as the holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services. The company provides demand, savings, and time deposits; non-interest and interest-bearing checking accounts; and insured money market accounts. It also offers commercial and agricultural loans comprising loans to small to mid-sized businesses; commercial mortgage loans; residential mortgage loans; consumer loans, including home equity lines of credit and home equity loans; and letters of credit, wealth management, employee benefit plans, and mutual fund services. In addition, the company provides guardian, custodian, and trustee services, as well as acts as an agent for pension, profit-sharing, and other employee benefit trusts; and various investment, pension, estate planning, and employee benefit administrative services. Further, it provides securities and insurance brokerage, tax preparation, and interest rate swap services. As of March 23, 2020, the company operated through 33 branch offices located in 12 counties in New York and Bradford County in Pennsylvania. Chemung Financial Corporation was founded in 1833 and is headquartered in Elmira, New York.
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