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How to Buy Chemung Financial Stock

Chemung Financial Corp

Chemung Financial Corporation operates as the holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services.

Chemung Financial stock last closed at $42.48, up 0.97% from the previous day, and has increased 1.29% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.14 percentage points. Chemung Financial stock is currently +25.98% from its 52-week low of $33.72, and -17.29% from its 52-week high of $51.36.

There are currently 4.75M CHMG shares outstanding. The market capitalization of CHMG is $201.81M. In the last 24 hours, 3889 CHMG shares were traded.

How to Buy Chemung Financial Stock

Wondering how to invest in Chemung Financial stock? Here's how.
  1. Choose where to buy Chemung Financial stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you decide where to buy Chemung Financial stock.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Put funds into your brokerage account: Select your method of payment and add your info.
  4. Analyze Chemung Financial stock: The Chemung Financial ticker symbol is CHMG. Is Chemung Financial stock a good investment? Should you buy shares of CHMG? How do CHMG's underlying business fundamentals look? Do top analysts think Chemung Financial is a good buy? Why has CHMG's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if CHMG is a good stock to buy).
  5. Place your CHMG trade: Decide if you will purchase CHMG shares at the current market price or use a limit order to purchase CHMG shares at a specific price.
  6. Watch your CHMG investment: Create a watchlist to track your new investment in Chemung Financial stock.

Step 1: Choose where to buy Chemung Financial stock

You will need a brokerage account to access the NASDAQ market and buy CHMG shares.

A brokerage account is an investment account that allows you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've selected the right brokerage, the next step is to fill out some personal information so you can buy CHMG today.

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Step 3: Put funds into your brokerage account

Now that you have finished signing up on the best stock broker app, your next step is to transfer the money for your investment:

Watch the walkthrough below if you need help depositing money into your investment account.

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Step 4: Analyze Chemung Financial stock

Once you have figured out the best place to buy Chemung Financial stock, it's absolutely critical to analyze their stock before you invest, so you can understand the risk and opportunity.

Chemung Financial stock data

CHMG Price
$42.48
1w %
0.21%
1y %
1.29%
5y %
-6.51%
P/E
8.05x
P/B
1.03x
P/S
2.1x
PEG
2.05x
Revenue
$95.74M
Earnings
$25.00M
Fore. Rev. Growth
3.77%
Fore. Earn. Growth
N/A
Market Cap
$201.81M
Next Earnings
Apr 18, 2024
Next Dividend
Apr 1, 2024

Fundamentals of CHMG

WallStreetZen was built to help average investors do better fundamental analysis in less time.

You can view all of the due diligence checks on CHMG's stock page.

Is CHMG stock properly valued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge CHMG's true value.

Using relative valuations metrics:

  • CHMG could be undervalued based on its P/E ratio of 8.05x, relative to Banks - Regional industry P/E ratio of -10.33x
  • CHMG may be overvalued based on its P/B ratio of 1.03x, relative to Banks - Regional industry P/B ratio of 1.02x
  • CHMG could be overvalued based on its PEG ratio of 2.05x

You can access more valuation analysis on CHMG's stock here.

CHMG Financial Health

Passed Financial Due Diligence Checks:

  • CHMG earnings of $31.50M is not sufficient to cover its interest payments.
  • CHMG's operating cash flow of $30.88M allows it to safely service it's debt of $40.80M.

Failed Financial Due Diligence Checks:

  • CHMG profit margin has gone down from 29.9% to 26.1% in the past year.
  • CHMG has a relatively high debt to equity ratio of 12.88.
  • Total CHMG debt is higher than 5 years ago, relative to shareholder equity.

You can dig deeper into what analysts are forecasting on the Chemung Financial stock forecast page.

CHMG Technical Indicators

SMA10
41.88
SMA20
42.1
SMA50
44.04
SMA100
45.66
SMA200
42.84
MACD
-0.51
MACD Signal
-0.68
MACD Histogram
0.17
RSI
48.93
Stochastic %K
51.25
Stochastic %D
39.07
StochRSI %K
82.25
StochRSI %D
69.62

CHMG Earnings

Last year, CHMG earnings were $25.00M. During the last five year, CHMG's earnings have gone up by 5.4% per year. This was slower than the Banks - Regional industry average of 15.56%.

Last year, CHMG revenue was $95.74M. During the past five year, CHMG's revenue has increased by 3.55% per year. This was slower than the Banks - Regional industry average of 7.23%.

Dig into CHMG's earnings and revenue performance here.

Who is buying/selling CHMG?

Over the past year, executives and large shareholders at CHMG have bought more shares than they have sold.

Raimundo C. Archibold Jr., Director of CHMG, was the latest CHMG insider to sell. They sold $17,942.23 worth of CHMG stock on Mar 1, 2024.

Research more about who owns CHMG stock here.

Does CHMG stock generate passive income?

Chemung Financial pays a dividend of 2.92%, compared to the Banks - Regional industry's average dividend yield of 3.68%. If you owned $1,000 worth of CHMG stock, you would have been paid $29.19 in the past year.

Chemung Financial dividend payments have consistently grown over the past decade and have remained stable.

Get more info about Chemung Financial dividend yield and history here.

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Step 5: Place your CHMG trade

You have two primary order types:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are usually the easiest way to buy.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a particular price, use a limit order.

Click the Open button and your broker will place the order.

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Step 6: Watch your CHMG investment

Now that you own some shares in CHMG, you'll want to keep up with your new shares.

Create a watchlist to track the latest developments regarding your CHMG stock.

CHMG Feed

How to Buy Stock in Chemung Financial

To reiterate, here are the 6 steps to buy Chemung Financial stock:

  1. Choose where to buy Chemung Financial stock
  2. Create your brokerage account
  3. Put funds into your brokerage account
  4. Analyze Chemung Financial stock
  5. Place your CHMG trade
  6. Watch your CHMG investment

If you require a brokerage, eToro is our recommended option.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest news on your new investment in Chemung Financial, create your watchlist below.

NASDAQ: CHMG
$42.48+0.41 (+0.97%)
Updated Mar 28, 2024
Open eToro Account
NASDAQ: CHMG
$42.48+0.41 (+0.97%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Chemung Financial share?

As of Mar 28, 2024, it costs $42.48 to buy one share of Chemung Financial stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.235 shares of CHMG.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Chemung Financial stock?

One way to place an order for Chemung Financial stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.