Chemung Financial (NASDAQ:CHMG) Stock Crosses Above 200 Day Moving Average – What’s Next?

Posted by Francis Steltz on Jun 5th, 2026

Shares of Chemung Financial Corp (NASDAQ:CHMG – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $58.73 and traded as high as $70.00. Chemung Financial shares last traded at $69.77, with a volume of 54,174 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CHMG. Zacks Research raised Chemung Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Wall Street Zen raised Chemung Financial from a “hold” rating to a “buy” rating in a research note on Sunday, April 19th. Finally, Weiss Ratings upgraded Chemung Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Chemung Financial presently has a consensus rating of “Buy” and an average target price of $64.00.

Check Out Our Latest Report on Chemung Financial

Chemung Financial Stock Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $336.29 million, a P/E ratio of 18.41 and a beta of 0.60. The company’s 50 day moving average is $63.66 and its 200 day moving average is $58.73.

Chemung Financial (NASDAQ:CHMG – Get Free Report) last posted its earnings results on Friday, April 17th. The bank reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.28. Chemung Financial had a net margin of 12.77% and a return on equity of 12.45%. The firm had revenue of $29.90 million for the quarter, compared to analysts’ expectations of $29.21 million. As a group, equities analysts predict that Chemung Financial Corp will post 6.75 earnings per share for the current fiscal year.

Chemung Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be given a dividend of $0.34 per share. The ex-dividend date is Wednesday, June 17th. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. Chemung Financial’s payout ratio is currently 35.88%.

Insider Transactions at Chemung Financial

In other Chemung Financial news, Director Thomas R. Tyrrell sold 788 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $65.33, for a total value of $51,480.04. Following the completion of the transaction, the director directly owned 8,050 shares in the company, valued at approximately $525,906.50. This trade represents a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.69% of the stock is currently owned by insiders.

Institutional Trading of Chemung Financial

Several hedge funds and other institutional investors have recently made changes to their positions in CHMG. Tower Research Capital LLC TRC increased its stake in shares of Chemung Financial by 90.8% in the second quarter. Tower Research Capital LLC TRC now owns 895 shares of the bank’s stock valued at $43,000 after buying an additional 426 shares during the period. Russell Investments Group Ltd. grew its holdings in Chemung Financial by 81.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 920 shares of the bank’s stock worth $48,000 after acquiring an additional 412 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Chemung Financial by 108.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,084 shares of the bank’s stock worth $57,000 after acquiring an additional 563 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Chemung Financial by 50.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,065 shares of the bank’s stock valued at $108,000 after acquiring an additional 688 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Chemung Financial by 16.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,278 shares of the bank’s stock valued at $110,000 after acquiring an additional 330 shares during the period. 47.50% of the stock is currently owned by institutional investors.

About Chemung Financial

(Get Free Report)

Chemung Financial Corporation serves as the bank holding company for Chemung Canal Trust Company, a community bank founded in 1833 and headquartered in Elmira, New York. With deep historical roots in the Southern Tier of New York, the company has expanded its footprint to serve customers throughout the region, including northern Pennsylvania. Chemung Financial emphasizes relationship-driven banking by combining personalized service with modern delivery channels.

Through its subsidiary, Chemung Canal Trust Company, Chemung Financial offers a comprehensive suite of financial products and services.