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Chemung Financial Corp (CHMG)

(Delayed Data from NSDQ)

$43.06 USD

43.06
13,839

-0.44 (-1.01%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $43.40 +0.34 (0.79%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value F Growth A Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 36% (91 out of 252)

Industry: Banks - Southeast

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Balance Sheet

Research for CHMG

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Chemung Financial Corp falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 37 56 27 109 122
Receivables 2,011 1,869 1,538 1,556 1,316
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 1
Other Current Assets 0 0 0 0 0
Total Current Assets 2,048 1,925 1,566 1,664 1,439
Net Property & Equipment 15 16 18 20 22
Investments & Advances 588 638 799 560 289
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 22 22 22 22 23
Deposits & Other Assets 32 38 7 6 6
Total Assets 2,711 2,646 2,418 2,279 1,788
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 2,431 2,329 2,157 2,039 1,573
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 20 18 25 30 20
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 2,451 2,346 2,181 2,069 1,593
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 35 99 18 4 4
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 24 27 0 0 0
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 2,515 2,479 2,207 2,080 1,605
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 48 47 47 47 46
Retained Earnings 230 212 189 168 154
Other Equity -66 -75 -7 2 -6
Treasury Stock 17 18 18 18 12
Total Shareholder's Equity 195 166 211 200 183
Total Liabilities & Shareholder's Equity 2,711 2,646 2,418 2,279 1,788
Total Common Equity 195 166 211 200 183
Shares Outstanding 4.70 4.60 4.60 4.60 4.80
Book Value Per Share 41.54 36.17 45.97 43.41 38.05

Fiscal Year End for Chemung Financial Corp falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 37 76 54 35
Receivables NA 2,011 1,976 1,932 1,911
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 1 0
Other Current Assets NA 0 0 0 0
Total Current Assets NA 2,048 2,052 1,987 1,946
Net Property & Equipment NA 15 15 16 16
Investments & Advances NA 588 574 609 631
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 22 22 22 22
Deposits & Other Assets NA 32 40 36 34
Total Assets NA 2,711 2,708 2,675 2,654
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 2,431 2,475 2,392 2,334
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 20 21 19 20
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 2,451 2,496 2,411 2,354
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 35 3 54 93
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 33 26 23
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 2,515 2,538 2,497 2,477
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 48 48 48 47
Retained Earnings NA 230 228 221 217
Other Equity NA -66 -89 -75 -69
Treasury Stock NA 17 17 17 17
Total Shareholder's Equity NA 195 170 177 177
Total Liabilities & Shareholder's Equity NA 2,711 2,708 2,675 2,654
Total Common Equity 0 195 170 177 177
Shares Outstanding 4.70 4.70 4.70 4.70 4.70
Book Value Per Share 0.00 41.54 36.18 37.75 37.73