Chemung Financial (CHMG)

Company Profile

chemung canal trust company is an independent community bank, which has served the financial needs of businesses and individuals for over 180 years. we trace our roots to the opening of our namesake, the chemung canal, in 1833. today, we operate 34 branch offices in 11 new york state counties and one pennsylvania county. most important, we remain steadfast to our community banking philosophy and business model, which means we build long-term relationships with our clients and play a vital role in the communities we serve. deposits gathered locally are channeled back into our local communities in the form of loans to businesses, individuals, organizations and other enterprises. decisions are made locally, not in some far-off distant city.

Company profile

Ticker

CHMG

Exchange

NASDAQ

Website

www.chemungcanal.com/

CEO

Anders M. Tomson

Incorporated

New York

Location

New York

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • State Street • Fifth Third Bancorp • Citizens Financial • Northern Trust • M & T Bank • Ally Financial • Associated Banc-Corp. • SVB Financial • Commerce Bancshares ...

SEC CIK

0000763563

Corporate docs

Articles of Incorporation & Bylaws

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Chemung Canal Trust Company • CFS Group, Inc. • Chemung Risk Management, Inc. ...

IRS number

161237038

CHMG stock data

1M 1Y 5Y

Latest filings (excl ownership)

View all

8-K

Regulation FD Disclosure

16 Nov 23

8-K

Chemung Financial Corporation Announces Quarterly Dividend

9 Nov 23

Chemung Financial Corporation Reports Third Quarter 2023 Net Income of $7.6 million, or $1.61 per Share

25 Oct 23

8-K

Regulation FD Disclosure

18 Sep 23

8-K

Chemung Financial Corporation 2023 Raymond James U.S. Bank and Banking on Tech Conference 1

7 Sep 23

8-K

Chemung Financial Corporation Announces Quarterly Dividend

10 Aug 23

2023 KBW Community Bank Investor Conference 1

8 Aug 23

8-K

Chemung Financial Corporation Reports Second Quarter 2023 Net Income of $6.3 million, or $1.33 per Share

20 Jul 23

Latest ownership filings

View all

Annual report of employee stock purchases

CHEMUNG FINANCIAL / CHEMUNG FINANCIAL ownership change

Financial summary

Financial statements Chart CHMG financial data

Quarter (USD)	Sep 23	Jun 23	Mar 23	Dec 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Institutional ownership, Q2 2023

CHMG institutional ownership history Ownership history

51.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	52	44	+18.2%
Opened positions	16	5	+220.0%
Closed positions	8	8	–
Increased positions	17	19	-10.5%
Reduced positions	8	11	-27.3%

13F shares	Current	Prev Q	Change
Total value	68.01 bn	63.20 bn	+7.6%
Total shares	2.44 mm	2.20 mm	+10.6%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Fourthstone	410.21 k	$15.76 bn	+25.5%
Chemung Canal Trust	351.20 k	$13.49 bn	+1.3%
Dalrymple Family LTD Partnership	343.54 k	$15.96 mm	0.0%
Robert H Dalrymple	234.49 k	$7.96 mm	0.0%
BLK Blackrock	176.15 k	$6.77 bn	+1874.3%
Vanguard	169.59 k	$6.51 bn	-20.5%
Dimensional Fund Advisors	115.97 k	$4.45 bn	+8.1%
Alliancebernstein	86.11 k	$3.31 bn	-6.0%
Geode Capital Management	65.30 k	$2.51 bn	+89.9%
First Manhattan	59.62 k	$2.29 bn	0.0%

Largest transactions	Shares	Bought/sold	Change
BLK Blackrock	176.15 k	+167.23 k	+1874.3%
Fourthstone	410.21 k	+83.25 k	+25.5%
Vanguard	169.59 k	-43.72 k	-20.5%
Basswood Capital Management, L.L.C.	0.00	-43.14 k	EXIT
Geode Capital Management	65.30 k	+30.92 k	+89.9%
Susquehanna International	0.00	-25.46 k	EXIT
STT State Street	41.47 k	+24.64 k	+146.5%
NTRS Northern Trust	28.62 k	+22.11 k	+339.7%
Empowered Funds	14.53 k	+14.53 k	NEW
Alpha Architect ETF Trust	14.53 k	+14.53 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

CHMG insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
24 Jul 23	Wirth Thomas W	COMMON STOCK	Sell	Dispose S	No	No	40.8616	907	37.06 k	3,739.393
3 Jul 23	Dale M. McKim III	COMMON STOCK	Grant	Acquire A	No	No	38.41	2,604	100.02 k	2,604
24 May 23	Jeffrey P. Kenefick	COMMON STOCK	Buy	Acquire P	Yes	No	34.76	817	28.40 k	1,767.016
11 May 23	Cole Loren D	COMMON STOCK	Buy	Acquire P	Yes	No	34.77	2,804	97.50 k	5,156.395

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Chemung Financial Q3 EPS $1.61 Beats $1.13 Estimate, Sales $25.82M Beat $23.50M Estimate

25 Oct 23

Chemung Financial (NASDAQ:CHMG) reported quarterly earnings of $1.61 per share which beat the analyst consensus estimate of $1.13 by 42.48 percent. This is a 17.52 percent increase over earnings of $1.37 per share from

Press releases

From Benzinga Pro

Chemung Financial Corporation Announces Quarterly Dividend

15 Nov 23

ELMIRA, N.Y., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (NASDAQ:CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.31 per share, payable on January 2,

Chemung Financial Corporation Reports Third Quarter 2023 Net Income of $7.6 million, or $1.61 per Share

24 Oct 23

ELMIRA, N.Y., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the "Corporation") (NASDAQ:CHMG), the parent company of Chemung Canal Trust Company (the "Bank"), today reported net income of $7.6