Chemung Financial (CHMG) – Investment Analysts’ Recent Ratings Changes

Chemung Financial (NASDAQ: CHMG) has recently received a number of price target changes and ratings updates:

• 10/31/2026 – Chemung Financial was upgraded by Wall Street Zen from “hold” to “buy”.
• 10/27/2026 – Chemung Financial had its “outperform” rating reaffirmed by Raymond James Financial. They now have a $90.00 price target on the stock.
• 10/27/2026 – Chemung Financial had its “outperform” rating reaffirmed by UBS Group.
• 10/26/2026 – Chemung Financial was given a new $96.00 price target by DA Davidson.
• 10/26/2026 – Chemung Financial was upgraded by Zacks Research from “hold” to “strong-buy”.
• 10/23/2026 – Chemung Financial was downgraded by Weiss Ratings from “buy (b+)” to “buy (b)”.
• 10/12/2026 – Chemung Financial is now covered by Hovde Group. They set a “market perform” rating and a $88.00 price target on the stock.
• 10/8/2026 – Chemung Financial was upgraded by Weiss Ratings from “buy (b)” to “buy (b+)”.
• 10/3/2026 – Chemung Financial was downgraded by Wall Street Zen from “buy” to “hold”.
• 9/28/2026 – Chemung Financial is now covered by DA Davidson. They set a “buy” rating and a $95.00 price target on the stock.
• 9/21/2026 – Chemung Financial was downgraded by Zacks Research from “strong-buy” to “hold”.

Chemung Financial Trading Down 1.1%

NASDAQ:CHMG traded down $0.98 on Tuesday, reaching $86.44. The stock had a trading volume of 17,957 shares, compared to its average volume of 40,602. The company has a market cap of $416.64 million, a price-to-earnings ratio of 10.85 and a beta of 0.58. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.04 and a quick ratio of 1.03. The firm’s fifty day moving average is $82.62 and its two-hundred day moving average is $70.52. Chemung Financial Corp has a 12-month low of $50.21 and a 12-month high of $89.26.

Chemung Financial (NASDAQ:CHMG) last released its quarterly earnings results on Thursday, October 22nd. The bank reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.67. The company had revenue of $31.98 million for the quarter, compared to analysts’ expectations of $31.87 million. Chemung Financial had a net margin of 23.36% and a return on equity of 14.64%. Equities analysts expect that Chemung Financial Corp will post 8.21 EPS for the current fiscal year.

Chemung Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 17th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, September 17th. This is a positive change from Chemung Financial’s previous quarterly dividend of $0.34. This represents a $1.44 annualized dividend and a dividend yield of 1.7%. Chemung Financial’s payout ratio is currently 18.07%.

Insider Transactions at Chemung Financial

In related news, EVP Loren Cole sold 5,160 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $83.50, for a total transaction of $430,860.00. Following the sale, the executive vice president owned 5,164 shares in the company, valued at approximately $431,194. This trade represents a 49.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 12.69% of the company’s stock.

Chemung Financial Corporation is a bank holding company headquartered in Elmira, New York. Its principal subsidiary, Chemung Canal Trust Company, provides community banking and financial services to individuals, families, businesses and municipalities.

The company offers deposit accounts, residential and commercial lending, mortgages, consumer loans, credit and debit cards, online and mobile banking, and other traditional banking services. Through its wealth management and trust operations, Chemung Financial also provides investment management, fiduciary services, retirement planning and estate-related services.

Founded in 1833, Chemung Canal Trust Company is one of the longstanding banking institutions in New York’s Southern Tier.