Chemung Financial (NASDAQ:CHMG) Price Target Raised to $81.00

Posted by Geri Gentry on Jul 31st, 2026

Chemung Financial (NASDAQ:CHMG – Free Report) had its price target lifted by Keefe, Bruyette & Woods from $77.00 to $81.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has a market perform rating on the bank’s stock.

A number of other research firms have also recently commented on CHMG. Zacks Research upgraded shares of Chemung Financial from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Wall Street Zen upgraded shares of Chemung Financial from a “hold” rating to a “buy” rating in a research note on Sunday, April 19th. Finally, Weiss Ratings raised shares of Chemung Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $81.00.

Read Our Latest Analysis on Chemung Financial

Chemung Financial Trading Down 0.9%

Chemung Financial stock opened at $81.11 on Tuesday. 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 stock has a market cap of $390.95 million, a PE ratio of 11.65 and a beta of 0.59. The stock has a 50-day moving average of $73.59 and a two-hundred day moving average of $64.40. Chemung Financial has a one year low of $48.61 and a one year high of $83.50.

Chemung Financial (NASDAQ:CHMG – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.05. Chemung Financial had a return on equity of 13.19% and a net margin of 20.68%.The business had revenue of $31.17 million for the quarter, compared to analyst estimates of $30.52 million. On average, research analysts anticipate that Chemung Financial will post 7.39 EPS for the current fiscal year.

Chemung Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, June 17th. Chemung Financial’s dividend payout ratio (DPR) is presently 19.54%.

Institutional Investors Weigh In On Chemung Financial

A number of institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its holdings in shares of Chemung Financial by 11.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,310 shares of the bank’s stock valued at $129,000 after acquiring an additional 245 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Chemung Financial by 16.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,278 shares of the bank’s stock worth $110,000 after acquiring an additional 330 shares during the period. Bridgeway Capital Management LLC raised its holdings in shares of Chemung Financial by 0.5% during the second quarter. Bridgeway Capital Management LLC now owns 75,992 shares of the bank’s stock worth $3,683,000 after purchasing an additional 350 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Chemung Financial by 5.0% during the fourth quarter. Captrust Financial Advisors now owns 7,880 shares of the bank’s stock worth $440,000 after purchasing an additional 372 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Chemung Financial by 81.1% during the third quarter. Russell Investments Group Ltd. now owns 920 shares of the bank’s stock valued at $48,000 after purchasing an additional 412 shares during the period. Institutional investors and hedge funds own 47.50% of the company’s stock.

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.