Chemung Financial (NASDAQ:CHMG – Get Free Report) had its price target cut by research analysts at Keefe, Bruyette & Woods from $51.00 to $49.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 12.03% from the stock’s previous close.
Chemung Financial Trading Down 2.1 %
Shares of Chemung Financial stock opened at $43.74 on Monday. The firm has a market capitalization of $207.77 million, a PE ratio of 8.38 and a beta of 0.20. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average is $41.97 and its 200 day moving average is $44.43. Chemung Financial has a 1 year low of $33.72 and a 1 year high of $51.36.
Chemung Financial (NASDAQ:CHMG – Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.36). Chemung Financial had a net margin of 17.35% and a return on equity of 12.67%. The company had revenue of $23.77 million for the quarter, compared to the consensus estimate of $23.52 million. Equities research analysts forecast that Chemung Financial will post 4.93 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Chemung Financial
About Chemung Financial
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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