Chemung Financial Corporation (CHMG)

In the past six months, Chemung Financial Corp. reported its third-quarter 2025 earnings, with net income surpassing analyst estimates but revenue falling short. The company announced a dividend increase of $0.02 per share. Insider buying activity was noted in July and August 2025. TheStreet Ratings upgraded Chemung Financial from a "Hold" to a "Buy" rating. Analysts have adjusted price targets, with Keefe, Bruyette & Woods raising their target to $59.00, while Zacks Research downgraded the stock to a "Hold" rating. In October 2025, the stock's price crossed above its 200-day moving average. Over the past six months, CHMG has seen an 18.37% return.

The banking industry experiences seasonal trends in the demand for its products and services, particularly in the volume of new loans. Demand for loans is typically lowest in January and February, increases starting in March, and usually peaks in August or September, before declining through December. Chemung Financial has reported strong demand for commercial lending products and an increase in residential mortgage origination activity year-to-date through September 2025 compared to the prior year.

Chemung Financial Corporation operates as a bank holding company for Chemung Canal Trust Company, a community bank established in 1833 and headquartered in Elmira, New York. The company offers a comprehensive suite of financial products and services, including deposit solutions, residential and commercial mortgage financing, consumer loans, and business loans. Chemung Financial also delivers trust and wealth management services, digital banking platforms, insurance products, mutual funds, brokerage, and tax preparation services. The company's revenue is primarily generated from its Core Banking segment.

Chemung Financial Corporation has deep historical roots in the Southern Tier of New York and has expanded its operations to serve customers throughout this region, including northern Pennsylvania. The company operates 31 retail offices through Chemung Canal Trust Company.

Chemung Financial Corporation maintains a reputation as a long-standing community bank, emphasizing relationship-driven banking and personalized service. Its reputation has been positively influenced by an upgrade from TheStreet Ratings from "Hold" to "Buy," and the company's third-quarter 2025 results highlighted strength in credit quality and core operations. No specific negative events directly impacting Chemung Financial Corp.'s reputation were identified in the past year.

Chemung Financial Corp. has a significant portion of its stock held by institutional and individual owners. Institutional ownership ranges from approximately 43.97% to 52.2% of the shares outstanding, with major shareholders including Blackrock, Inc., Chemung Canal Trust Co., and Vanguard Group Inc. Insider ownership is between 13.88% and 20%, with key individual insider owners including David J. Dalrymple and Elizabeth T. Dalrymple. Recent insider buying activity has also been observed.