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 $41.50, down 0.17% from the previous day, and has decreased 11.12% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.08 percentage points. Chemung Financial stock is currently +1.85% from its 52-week low of $40.75, and -22.33% from its 52-week high of $53.43.
There are currently 4.71M CHMG shares outstanding. The market capitalization of CHMG is $195.41M. In the last 24 hours, 13,964 CHMG shares were traded.
How to Buy Chemung Financial Stock
Wondering how to invest in Chemung Financial stock? Here's how.
- 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.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Select your method of payment and add your info.
- 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).
- 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.
- 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.
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Open eToro AccountStep 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.
How to Start a New Account on eToro
- Click here to get started.
- Input your personal data to create your new trading account.
- Submit your information by hitting the "Create Account" button.
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.
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
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 6.77x, relative to Banks - Regional industry P/E ratio of 22.29x
- CHMG may be overvalued based on its P/B ratio of 1.17x, relative to Banks - Regional industry P/B ratio of 0.99x
- CHMG could be undervalued based on its PEG ratio of 0.29x
You can access more valuation analysis on CHMG's stock here.
CHMG Financial Health
Passed Financial Due Diligence Checks:
- CHMG profit margin has gone up from 29.5% to 29.9% in the past year.
- CHMG's operating cash flow of $35.05M allows it to safely service it's debt of $105.76M.
- CHMG earnings of $36.89M is not sufficient to cover its interest payments.
Failed Financial Due Diligence Checks:
- Total CHMG debt is higher than 5 years ago, relative to shareholder equity.
- CHMG has a relatively high debt to equity ratio of 14.9.
Is CHMG stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 sell side analysts who give forecasts on CHMG, the consensus analyst rating on CHMG is a Hold
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent CHMG Analyst Recommendations
Christopher OConnell, a bottom 31% analyst from Keefe, Bruyette & Woods maintains CHMG with a hold rating and raises their CHMG price target from $50.00 to $52.00, on Jan 31, 2023.
You can dig deeper into what analysts are saying on the Chemung Financial stock forecast page.
CHMG Momentum
Is CHMG Making Money?
Last year, CHMG earnings were $28.78M. Over the last five year, CHMG's earnings have increased by 31.65% per year. This was faster than the Banks - Regional industry average of 20%.
Last year, CHMG revenue was $96.17M. Over the last 5 year, CHMG's revenue has grown by 7.03% per year. This was faster than the Banks - Regional industry average of 5.39%.
You can research CHMG's earnings and revenue performance here.
What are CHMG executives and large shareholders up to?
Over the past 12 months, executives and large shareholders at CHMG have bought more shares than they have sold.
Joseph F. Meade Iv, Director of CHMG, was the latest CHMG insider to buy. They bought $40,095.00 worth of CHMG stock on Mar 7, 2023.
Dig into more about who owns CHMG shares here.
Can I rely on CHMG as an income stream?
Chemung Financial pays a dividend of 2.99%, compared to the Banks - Regional industry's average dividend yield of 3.7%. If you owned $1,000 of CHMG stock, you would have received $29.88 in the past year.
Chemung Financial dividend payments have consistently grown over the past decade and have remained stable.
Find more data about Chemung Financial dividend yield and history here.
What do other investors have to say about CHMG?
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your CHMG trade
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly fine. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given price, use a limit order.
Hit the Open button and eToro will execute the order.
If you require more help with buying stocks on eToro, click the how to video below:
Step 6: Watch your CHMG investment
Now that you own some CHMG shares, you'll want to keep up with your shares.
Make a watchlist to track the latest developments regarding your CHMG stock.
CHMG Feed
How to Buy Stock in Chemung Financial
To summarize, here are the 6 steps to buy stock in Chemung Financial:
- Choose where to buy Chemung Financial stock
- Create your brokerage account
- Put funds into your brokerage account
- Analyze Chemung Financial stock
- Place your CHMG trade
- Watch your CHMG investment
If you are looking for a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep track of your new investment in Chemung Financial, create your watchlist below.
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