Chemung Financial (NASDAQ:CHMG) Announces Quarterly Earnings Results, Beats Expectations By $0.72 EPS

Posted by George Bondi on Oct 23rd, 2026

Chemung Financial (NASDAQ:CHMG – Get Free Report) posted its quarterly earnings results on Thursday. The bank reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.72, FiscalAI reports. Chemung Financial had a net margin of 20.68% and a return on equity of 12.98%. The business had revenue of $31.98 million for the quarter, compared to analyst estimates of $31.87 million.

Chemung Financial Price Performance

CHMG opened at $83.23 on Friday. Chemung Financial has a twelve month low of $50.05 and a twelve month high of $86.00. The company has a market capitalization of $401.17 million, a price-to-earnings ratio of 11.96 and a beta of 0.58. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $82.23 and a 200-day moving average price of $75.18.

Chemung Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th were paid a $0.36 dividend. The ex-dividend date was Thursday, September 17th. This is a positive change from Chemung Financial’s previous quarterly dividend of $0.34. This represents a $1.44 annualized dividend and a dividend yield of 1.7%. Chemung Financial’s dividend payout ratio is 20.69%.

Insider Transactions at Chemung Financial

In other Chemung Financial news, EVP Loren Cole sold 5,160 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $83.50, for a total value of $430,860.00. Following the completion of the transaction, the executive vice president owned 5,164 shares in the company, valued at $431,194. This trade represents a 49.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 12.69% of the company’s stock.

Analyst Ratings Changes

CHMG has been the topic of a number of research reports. DA Davidson started coverage on Chemung Financial in a research report on Monday, September 28th. They set a “buy” rating and a $95.00 price objective on the stock. Weiss Ratings upgraded Chemung Financial from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Wall Street Zen lowered shares of Chemung Financial from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. Raymond James Financial initiated coverage on shares of Chemung Financial in a research note on Tuesday, September 1st. They set an “outperform” rating and a $87.00 price target for the company. Finally, Hovde Group initiated coverage on Chemung Financial in a research report on Monday, October 12th. They set a “market perform” rating and a $88.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Chemung Financial currently has an average rating of “Moderate Buy” and a consensus price target of $87.75.

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About Chemung Financial

(Get Free Report)

Chemung Financial Corporation is a bank holding company headquartered in Elmira, New York. Its principal subsidiary, Chemung Canal Trust Company, provides community banking and financial services to individuals, families, businesses and municipalities.

The company offers deposit accounts, residential and commercial lending, mortgages, consumer loans, credit and debit cards, online and mobile banking, and other traditional banking services. Through its wealth management and trust operations, Chemung Financial also provides investment management, fiduciary services, retirement planning and estate-related services.

Founded in 1833, Chemung Canal Trust Company is one of the longstanding banking institutions in New York’s Southern Tier.