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 $51.81, up 0.9% from the previous day, and has increased 19.13% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.13 percentage points. Chemung Financial stock is currently +32.85% from its 52-week low of $39.00, and -7.04% from its 52-week high of $55.73.

There are currently 4.76M CHMG shares outstanding. The market capitalization of CHMG is $246.54M. In the last 24 hours, 6487 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:

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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
$51.81
1w %
2.09%
1y %
19.13%
5y %
33.36%
P/E
11.46x
P/B
1.12x
P/S
2.65x
PEG
0.75x
Revenue
$93.48M
Earnings
$21.56M
Fore. Rev. Growth
16.7%
Fore. Earn. Growth
18.92%
Market Cap
$246.54M
Next Earnings
Apr 16, 2025
Next Dividend
N/A

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 11.46x, relative to Banks - Regional industry P/E ratio of 33.03x
  • CHMG may be undervalued based on its P/B ratio of 1.12x, relative to Banks - Regional industry P/B ratio of 1.16x
  • CHMG could be undervalued based on its PEG ratio of 0.75x

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

CHMG Financial Health

Passed Financial Due Diligence Checks:

  • CHMG earnings of $27.23M is not sufficient to cover its interest payments.
  • CHMG's operating cash flow of $27.20M allows it to safely service it's debt of $59.58M.

Failed Financial Due Diligence Checks:

  • CHMG profit margin has gone down from 28.8% to 23.1% in the past year.
  • CHMG has a relatively high debt to equity ratio of 11.57.
  • Total CHMG debt is higher than 5 years ago, relative to shareholder equity.

Is CHMG stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 2 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.

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

CHMG Technicals

SMA10
50.98
SMA20
49.69
SMA50
50.04
SMA100
49.45
SMA200
47.34
MACD
0.76
MACD Signal
0.51
MACD Histogram
0.25
RSI
60.28
Stochastic %K
64.46
Stochastic %D
64.2
StochRSI %K
55.61
StochRSI %D
57.42

CHMG Growth Metrics

Last year, CHMG earnings were $21.56M. Over the past five year, CHMG's earnings have increased by 5.13% per year. This was slower than the Banks - Regional industry average of 32.9%.

Last year, CHMG revenue was $93.48M. During the last five year, CHMG's revenue has gone up by 4.42% per year. This was slower than the Banks - Regional industry average of 16.16%.

Dig into CHMG's earnings and revenue performance here.

What are CHMG executives and large shareholders up to?

Over the past year, insiders at CHMG have bought more shares than they have sold.

Anders Tomson, President CEO of CHMG, was the latest CHMG insider to sell. They sold $84,073.50 worth of CHMG stock on Jan 17, 2025.

Dig into more about who owns CHMG shares here.

Does CHMG stock generate passive income?

No, Chemung Financial doesn't provide an income stream by paying out dividends.

What do other investors have to say about CHMG?

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Step 5: Place your CHMG trade

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are usually the best for newer investors.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a specific dollar amount limit, place a limit order.

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Step 6: Watch your CHMG investment

Now that you own some CHMG stock, you'll want to stay up-to-date on your new shares.

Make 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 for buying 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 online brokerage, eToro is our recommended option.

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If you want to get the latest scoop on your investment in Chemung Financial, get started below.

NASDAQ: CHMG
$51.81+0.46 (+0.9%)
Updated Feb 14, 2025
Open eToro Account
Your capital is at risk.
NASDAQ: CHMG
$51.81+0.46 (+0.9%)
Updated Feb 14, 2025
Open eToro Account
Your capital is at risk.

FAQ

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

As of Feb 14, 2025, it costs $51.81 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 0.193 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.

Is now a good time to buy Chemung Financial stock?

According to 2 Wall Street analysts who monitor Chemung Financial, their consensus recommendation is to hold Chemung Financial stock.

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.