Chemung Financial Intrinsic Value Calculation – Chemung Financial Share Price Surges Above 200 Day Moving Average of $45.92
March 7, 2023
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Chemung Financial Intrinsic Value Calculation – On Friday, the share price of Chemung Financial ($NASDAQ:CHMG) Co. surged above its 200-day moving average of $45.92, a major milestone that suggests the company’s stock is performing well and has potential for growth. This is a feat that is usually achieved by top-tier companies and is a significant accomplishment for Chemung Financial. The 200-day moving average is the average of the stock’s closing prices over the last 200 days and serves as an important indicator for investors. The fact that Chemung Financial was able to surpass this mark means that the stock is currently performing well.
The increase in share price could be attributed to an uptick in demand, economic growth in the region, or other factors that have resulted in investors becoming more bullish on the company’s prospects. The company is committed to providing quality banking services and has been helping individuals and businesses grow for over 50 years. With its share price reaching new highs, it appears that investors are optimistic about the company’s long-term prospects.
Market Price
3 . W h e t h e r t h i s s u r g e i n v a l u e i s s u s t a i n a b l e i n t h e l o n g r u n r e m a i n s t o b e s e e n , b u t i n v e s t o r s s h o u l d b e c a u t i o u s l y o p t i m i s t i c a b o u t t h e c u r r e n t m a r k e t t r e n d. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Chemung Financial. More…
| Total Revenues | Net Income | Net Margin |
| – | 28.78 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Chemung Financial. More…
| Operations | Investing | Financing |
| 35.46 | -242.48 | 125.47 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Chemung Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.65k | 2.48k | – |
Key Ratios Snapshot
Some of the financial key ratios for Chemung Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.8% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Chemung Financial Intrinsic Value Calculation
A t G o o d W h a l e , w e h a v e a n a l y z e d t h e f u n d a m e n t a l s o f C H E M U N G F I N A N C I A L t o g a i n a b e t t e r u n d e r s t a n d i n g o f i t s v a l u e . T h r o u g h o u r p r o p r i e t a r y V a l u a t i o n L i n e , w e h a v e d e t e r m i n e d t h a t t h e i n t r i n s i c v a l u e o f a s h a r e i n C H E M U N G F I N A N C I A L i s a r o u n d $ 4 2 . 3 . More…
Peers
The company operates through its subsidiaries, Chemung Canal Trust Company and Chemung Valley Insurance Agency, Inc. It offers a range of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit; and loan products, such as residential mortgages, home equity lines of credit, commercial real estate loans, construction loans, commercial and industrial loans, and consumer loans. The company also provides a variety of other services, such as safe deposit box rentals, night depository services, direct deposit of payroll and social security checks, and wire transfer services. As of December 31, 2016, the company operated through a network of 33 full-service banking offices located in Chemung, Tompkins, Schuyler, Steuben, and Tioga Counties in New York. The company’s competitors include OFG Bancorp, ESSA Bancorp Inc, and BancFirst Corp.
– OFG Bancorp ($NYSE:OFG)
The company has a market cap of 1.33B as of 2022. The company is a leading provider of banking and financial services in the United States, with a strong focus on the retail and commercial markets. The company has a strong presence in the Northeast and Mid-Atlantic regions of the country, and offers a full range of banking and financial services to its customers. These include personal and business banking, lending, investments, and insurance. The company has a long history of serving its customers well and is committed to providing them with the best possible experience.
– ESSA Bancorp Inc ($NASDAQ:ESSA)
The company’s market cap is $222.15 million as of 2022. The company is a financial services provider that offers banking and lending products and services to consumers and businesses in the United States.
– BancFirst Corp ($NASDAQ:BANF)
BancFirst Corp is a financial services holding company headquartered in Oklahoma City, Oklahoma. As of December 31, 2020, BancFirst Corp had $12.2 billion in assets, $8.7 billion in loans, and $9.6 billion in deposits. BancFirst Corp operates 124 bank locations in 57 Oklahoma communities. The company’s primary subsidiary is BancFirst, which was chartered in 1931 and is the largest state-chartered bank in Oklahoma.
Summary
CHEMUNG FINANCIAL is a banking organization providing banking and other financial services to individuals and small businesses. Its shares have recently surged above the 200 day moving average of $45.92, providing potential investors with a great opportunity. Analysts suggest that the strong market performance is due to a largely positive media exposure combined with improved financial results. Therefore, investors should view this rally as an opportunity to buy into the company at a favorable price.
Its long term prospects remain attractive and investors should consider it a solid option for investment. Investors should research the company and consult an advisor before making any decisions.
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