Chemung Financial Corp's fundamentals are relatively stable, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 158 out of 397 in the Banking Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 64.00.In the medium term, the stock price is expected to trend up.Despite strong stock market performance and technicals over the past month, the fundamentals don't support the current trend.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Chemung Financial Corp is 4.47, ranking 388 out of 397 in the Banking Services industry. Its financial status is weak, and its operating efficiency is low. Its latest quarterly revenue reached 29.24M, representing a year-over-year increase of 16.45%, while its net profit experienced a year-over-year increase of 45.01%.
Key Metrics
The current valuation score of Chemung Financial Corp is 7.57, ranking 227 out of 397 in the Banking Services industry. Its current P/E ratio is 20.48, which is 31.60% below the recent high of 26.96 and 66.91% above the recent low of 6.78.
The current earnings forecast score of Chemung Financial Corp is 8.00, ranking 63 out of 397 in the Banking Services industry. The average price target is 61.50, with a high of 63.00 and a low of 60.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Chemung Financial Corp is 9.69, ranking 14 out of 397 in the Banking Services industry. Currently, the stock price is trading between the resistance level at 68.36 and the support level at 57.08, making it suitable for range-bound swing trading.
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The current institutional shareholding score of Chemung Financial Corp is 3.00, ranking 252 out of 397 in the Banking Services industry. The latest institutional shareholding proportion is 48.93%, representing a quarter-over-quarter increase of 0.37%. The largest institutional shareholder is The Vanguard, holding a total of 215.91K shares, representing 4.49% of shares outstanding, with 9.13% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Banking Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Chemung Financial Corp is 4.61, ranking 313 out of 397 in the Banking Services industry. The company's beta value is 0.48. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. with an industry-leading ESG disclosure.
