Chemung Financial Corporation (CHMG)

Chemung Financial Corp.'s stock price increased by 44.02% between April 11, 2025, and April 10, 2026, reaching $65.75 as of May 4, 2026. The stock hit a 52-week high of $70.83 on April 20, 2026. The company reported record first-quarter 2026 earnings on April 17, 2026, with a net income of $9.2 million, or $1.91 per share, due to a 2025 balance sheet restructuring. An independent director sold approximately $51k worth of stock on April 27, 2026. The average analyst price target for CHMG was increased by 9.3% to $70.25 on April 21, 2026. Chemung Financial Corporation reported fourth-quarter 2025 net income of $7.7 million, or $1.61 per share, on January 26, 2026, and announced a quarterly dividend on February 17, 2026. Full-year 2025 earnings showed an EPS of $3.14 and revenue of $90.7 million.

Specific data on demand seasonality for Chemung Financial Corp.'s products and services is not readily available. While banking services can be influenced by broader economic cycles, explicit seasonal patterns for deposits, loans, or wealth management services are not detailed.

Chemung Financial Corporation, headquartered in Elmira, New York, operates in the Financials sector, offering a range of financial services through its subsidiaries, Chemung Canal Trust Company and CFS Group, Inc. The company provides deposit accounts, loan products, interest rate swaps, letters of credit, wealth management, employee benefit plans, insurance, mutual funds, brokerage, and tax preparation services. Its core banking segment focuses on deposits and loans, while wealth management offers trust and investment advisory services.

Chemung Financial Corp. has a strong market presence in the Southern Tier of New York and Northern Pennsylvania, operating approximately 30 to 33 retail offices across 14 counties in New York and Pennsylvania. The company also has a diversified footprint extending to the Finger Lakes, Albany, and Buffalo markets.

Chemung Financial Corp. has a strong local brand reputation as the oldest locally-owned and managed community bank in New York State, established in 1833, fostering a loyal customer base. The company is considered a reliable local institution with a solid capital position. However, its competitive moat is considered narrow due to its geographic concentration in a slow-growth region and a lack of scale and diversification compared to larger competitors.

Institutional shareholders own 45.24% of Chemung Financial Corp.'s stock, while insiders own 69.49%. Major institutional owners include BlackRock, Inc., Chemung Canal Trust Co, The Vanguard Group, Inc., Dimensional Fund Advisors L.P., and State Street Corp. David J. Dalrymple is the largest individual shareholder with 17.21% of the company's shares, followed by Elizabeth T. Dalrymple (16.45%) and Robert H. Dalrymple (12.40%).