Chemung Financial

CHMG · NASDAQ

$81.21+$1.52 (+1.90%)TodayMarket closed · Oct 20, 7:42 PM ET

Prev close $79.69

CHMG analyst rating

BuyConsensus of 4 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy2
Hold2
Underperform0
Sell0

12-month price target · 5 analysts

Average $86.36 (+6.3% upside)

Low: $81.81
Now: $81.21
High: $91.35

Upgrades and downgrades

The latest rating actions, newest first

CHMG analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
DA Davidson	Sep 29, 2026	Initiates	Buy	$95.00	53%
Raymond James	Sep 2, 2026	Initiates	Outperform	$87.00	39%
Keefe, Bruyette & Woods	Jul 28, 2026	Maintains	Market Perform	$77.00 → $81.00	66%
Keefe, Bruyette & Woods	Jan 28, 2026	Maintains	Market Perform	$60.00 → $64.00	51%

The case for and against

Updated Oct 7, 2025

Bull case

Chemung Financial Corp has demonstrated a positive growth trajectory with a quarterly growth rate of 1.3% on an annualized basis, primarily fueled by a robust 2.6% increase in commercial real estate (CRE) balances. Additionally, the company is raising its earnings per share (EPS) estimates for 2025 and 2026, reflecting confidence in its financial performance, with revised estimates of $5.52 and $6.06, respectively. Furthermore, projections indicate that the net interest margin (NIM) is expected to continue its upward trend in 2025, signaling a strengthening financial position.

Bear case

Chemung Financial Corp has experienced a contraction in its wealth management segment due to lower assets under management, which are attributed to overall weaknesses in the U.S. financial landscape. Despite a 5% reduction in expenses following elevated costs in the previous quarter, the firm's situation remains precarious, as the drop in revenue from the wealth management division raises concerns about long-term profitability and growth. Additionally, while credit quality indicators such as net charge-offs have improved, the slight increase in non-performing assets suggests potential underlying issues that could impact future financial stability.

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