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How to buy Chemung Financial Corporation stock
Own Chemung Financial Corporation stock in just a few minutes.
Fact checked
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.
How to buy shares in Chemung Financial Corporation
- Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
- Search for Chemung Financial Corporation. Find the stock by name or ticker symbol: CHMG. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Chemung Financial Corporation reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Chemung Financial Corporation, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Chemung Financial Corporation. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- CHMG shares summary
- Compare share dealing platforms
- Is CHMG stock a buy or sell?
- Stock performance over time
- Can I short CHMG shares?
- Are CHMG shares over-valued?
- Chemung Financial Corporation's financials
- How volatile are CHMG shares?
- Does Chemung Financial Corporation pay a dividend?
- Have CHMG shares ever split?
- Other common questions
Chemung Financial Corporation share price
Use our graph to track the performance of CHMG stocks over time.Chemung Financial Corporation shares at a glance
Information last updated 2021-03-03.
| 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 |
| PE ratio | 9.0925 |
| Dividend yield | USD$1.04 (2.85%) |
| Earnings per share (TTM) | USD$4.011 |
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
Is it a good time to buy Chemung Financial Corporation stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Is Chemung Financial Corporation under- or over-valued?
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 P/E ratio
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.
Chemung Financial Corporation financials
| 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% |
| Profit margin | 24.14% |
| Book value | $42.534 |
| Market capitalisation | USD$171.2 million |
TTM: trailing 12 months
Shorting Chemung Financial Corporation shares
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)
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.
Chemung Financial Corporation share dividends
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").
Have Chemung Financial Corporation's shares ever split?
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.
Chemung Financial Corporation share price volatility
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 overview
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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