Chemung Financial: Shareholders See 0.3% Annual Growth

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Chemung Financial ($NASDAQ:CHMG) is a banking institution headquartered in Elmira, New York. Chemung Financial’s shareholders have seen a 0.3% annual growth in their investment over the past 5 years. This modest return is in line with the company’s overall performance during this time period. While Chemung Financial has not been a standout performer in recent years, it has been able to provide its shareholders with a stable return on their investment.

Share Price

Chemung Financial Corporation is a bank holding company based in Elmira, New York. The company operates through its subsidiary, Chemung Canal Trust Company. The company’s stock opened at $42.20 on Wednesday and closed at $42.00, up by 0.5% from its prior closing price of 41.80. This modest uptick was driven by positive news sentiment surrounding the company.

Overall, Chemung Financial Corporation has been a stable and consistent performer, providing its shareholders with modest annual growth. The company’s stock is a solid investment for those looking for long-term growth potential.

VI Analysis

Cheetah companies are those that have achieved high revenue or earnings growth but are considered less stable due to lower profitability. Cheetahs typically have high health scores, indicating that they are capable of paying off debt and funding future operations. However, they may be more volatile than other companies and may not be able to sustain their high growth rates over the long term. Cheetah companies may be of interest to investors who are looking for high growth potential, but who are also willing to accept higher levels of risk.

VI 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 good investment for those looking for stability and modest growth. Its shareholders have seen an annual growth rate of 0.3%, which is fairly consistent. The company offers a variety of financial services, including personal and commercial banking, wealth management, and insurance. It also has a strong commitment to the community, supporting various local initiatives.

Investors in Chemung Financial can expect modest but reliable returns. The company is a good choice for those who want to invest in a well-established and reputable institution.