Chemung Financial (NASDAQ:CHMG – Get Free Report) had its price target decreased by equities researchers at Keefe, Bruyette & Woods from $51.00 to $49.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 12.03% from the stock’s previous close.
Chemung Financial Trading Down 2.1 %
Shares of NASDAQ:CHMG opened at $43.74 on Monday. Chemung Financial has a 12 month low of $33.72 and a 12 month high of $51.36. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $41.97 and its 200 day simple moving average is $44.43. The firm has a market cap of $207.77 million, a price-to-earnings ratio of 8.38 and a beta of 0.20.
Chemung Financial (NASDAQ:CHMG – Get Free Report) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.36). Chemung Financial had a return on equity of 12.67% and a net margin of 17.35%. The company had revenue of $23.77 million for the quarter, compared to analyst estimates of $23.52 million. As a group, research analysts forecast that Chemung Financial will post 4.93 EPS for the current fiscal year.
Institutional Inflows and Outflows
Chemung Financial Company Profile
Chemung Financial Corporation operates as a bank holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services. The company provides demand, savings, and time deposits; non-interest and interest-bearing checking accounts; and insured money market accounts.
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