Financial Survey: Chemung Financial (CHMG) versus Its Rivals

Chemung Financial (NASDAQ:CHMG) is one of 919 public companies in the “Banks” industry, but how does it compare to its competitors? We will compare Chemung Financial to related businesses based on the strength of its valuation, earnings, dividends, profitability, institutional ownership, analyst recommendations and risk.

Analyst Recommendations

This is a summary of current ratings and target prices for Chemung Financial and its competitors, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Chemung Financial	0	2	4	1	2.86
Chemung Financial Competitors	7494	30253	27860	1490	2.35

Chemung Financial presently has a consensus price target of $88.75, suggesting a potential upside of 4.00%. As a group, “Banks” companies have a potential upside of 14.70%. Given Chemung Financial’s competitors higher probable upside, analysts plainly believe Chemung Financial has less favorable growth aspects than its competitors.

Volatility & Risk

Chemung Financial has a beta of 0.58, suggesting that its stock price is 42% less volatile than the S&P 500. Comparatively, Chemung Financial’s competitors have a beta of 0.61, suggesting that their average stock price is 39% less volatile than the S&P 500.

Insider and Institutional Ownership

47.5% of Chemung Financial shares are owned by institutional investors. Comparatively, 48.0% of shares of all “Banks” companies are owned by institutional investors. 12.7% of Chemung Financial shares are owned by insiders. Comparatively, 9.7% of shares of all “Banks” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Dividends

Chemung Financial pays an annual dividend of $1.44 per share and has a dividend yield of 1.7%. Chemung Financial pays out 18.1% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 8.9% and pay out 28.9% of their earnings in the form of a dividend. Chemung Financial has increased its dividend for 1 consecutive years.

Valuation & Earnings

This table compares Chemung Financial and its competitors gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Chemung Financial	$140.78 million	$15.10 million	10.71
Chemung Financial Competitors	$208.16 billion	$2.42 billion	21.42

Chemung Financial’s competitors have higher revenue and earnings than Chemung Financial. Chemung Financial is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Chemung Financial and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Chemung Financial	23.36%	14.49%	1.38%
Chemung Financial Competitors	15.63%	9.41%	0.93%

Summary

Chemung Financial beats its competitors on 8 of the 15 factors compared.

Chemung Financial Company Profile

Chemung Financial Corporation is a bank holding company headquartered in Elmira, New York. Its principal subsidiary, Chemung Canal Trust Company, provides personal and business banking services through branches in New York and northern Pennsylvania. The bank offers deposit accounts, loans, mortgages, and other lending services. Through its wealth management and financial services businesses, it also provides trust, investment management, financial planning, and insurance services. Founded in 1833, Chemung Canal Trust Company has a long history of serving communities in the region.