Chemung Financial Stock Price Surpasses Two Hundred Day Moving Average
January 12, 2023
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Chemung Financial Intrinsic Value – CHEMUNG FINANCIAL ($NASDAQ:CHMG) is a US-based financial services company offering banking and financial services to individuals and businesses. Recently, the stock price of Chemung Financial has surpassed the two hundred day moving average of $44.89. This surge in stock price has been attributed to a number of factors, including increased investor confidence in the company’s financial performance and outlook. This increase in revenue is a result of an increase in loan balances, as well as higher deposit and fee income.
Additionally, the company has also seen improved margins as a result of their efficiency initiatives. This attractive dividend yield, combined with the company’s strong financial performance and outlook, has likely contributed to increased investor interest and confidence in the stock. The company’s strong performance and outlook, combined with its attractive dividend yield, have likely been key factors in driving up investor confidence and pushing up the stock price.
Price History
On Tuesday, Chemung Financial Corporation (CHEMUNG FINANCIAL) stock opened at $46.0 and closed at $46.8, up by 1.3% from previous closing price of 46.2. The two hundred day moving average is an indicator of market trends and is used to identify long-term uptrends and downtrends in the stock market. The company has reported a strong quarter-on-quarter growth in revenue and profits, as well as a significant expansion in their customer base.
In addition, CHEMUNG FINANCIAL has also been successful in diversifying their product offerings and entering new markets which has further strengthened their long-term prospects. The positive sentiment surrounding CHEMUNG FINANCIAL’s stock is likely to continue in the near future as analysts have a bullish outlook on the company. Analysts believe that the company’s strong fundamentals will allow them to capitalize on market opportunities in the coming years and that the stock is likely to continue its upward trajectory. As such, investors should consider adding CHEMUNG FINANCIAL to their portfolios in order to benefit from its strong long-term prospects. 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 |
| – | 27.8 | – |
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 |
| 2.55k | 2.4k | – |
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 |
| 2.3% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
VI Analysis – Chemung Financial Intrinsic Value Calculator
Chemung Financial is a financial services company whose fundamentals reflect its long term potential. The company has been analyzed using the VI app, and the intrinsic value of the company’s shares has been calculated to be around $42.5 using the VI Line. Currently, the stock is being traded at $46.8, which is a fair price, albeit slightly overvalued by 10%. The company’s performance indicators suggest that its financial standing is strong. Its return on equity ratio is also above the industry average, indicating that it is generating higher returns for its shareholders. Moreover, its net profit margin is strong, indicating that it is able to generate high profits from each unit of sales. In addition, its dividend per share has been increasing steadily over the past few years, indicating that it is able to generate higher profits and pay out more dividends to its shareholders. Additionally, its price-earnings ratio is higher than the industry average, indicating that investors are willing to pay more for the company’s shares. Overall, Chemung Financial is a strong financial services company with fundamentals that reflect its long term potential. Its current stock price is slightly overvalued, however it may still be a good investment for those looking for steady returns over the long term. More…
VI Peers
The company operates through its subsidiaries, Chemung Canal Trust Company and Chemung Valley Insurance Agency, Inc. It offers a range of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit; and loan products, such as residential mortgages, home equity lines of credit, commercial real estate loans, construction loans, commercial and industrial loans, and consumer loans. The company also provides a variety of other services, such as safe deposit box rentals, night depository services, direct deposit of payroll and social security checks, and wire transfer services. As of December 31, 2016, the company operated through a network of 33 full-service banking offices located in Chemung, Tompkins, Schuyler, Steuben, and Tioga Counties in New York. The company’s competitors include OFG Bancorp, ESSA Bancorp Inc, and BancFirst Corp.
– OFG Bancorp ($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 Corporation recently reached a milestone in its stock price by surpassing the two hundred day moving average. This is a significant signal to investors that the company is performing well and may be an attractive investment opportunity. Analysts suggest that investors should pay close attention to the company’s fundamentals and be aware of any potential risks when considering investing in Chemung Financial.
This includes monitoring the company’s financial performance, industry trends, and risk management practices. Investors should also consider their own risk tolerance and financial goals before making any investment decisions.
