Chemung Financial (CHMG) & Its Competitors Head-To-Head Analysis

Chemung Financial (NASDAQ:CHMG) is one of 919 publicly-traded companies in the “Banks” industry, but how does it compare to its competitors? We will compare Chemung Financial to similar businesses based on the strength of its earnings, risk, institutional ownership, analyst recommendations, profitability, dividends and valuation.

Volatility & Risk

Chemung Financial has a beta of 0.58, meaning that its stock price is 42% less volatile than the S&P 500. Comparatively, Chemung Financial’s competitors have a beta of 0.61, meaning that their average stock price is 39% less volatile than the S&P 500.

Earnings & Valuation

This table compares Chemung Financial and its competitors top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Chemung Financial	$122.18 million	$15.10 million	10.65
Chemung Financial Competitors	$37.81 billion	$2.42 billion	20.07

Chemung Financial’s competitors have higher revenue and earnings than Chemung Financial. Chemung Financial is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Dividends

Chemung Financial pays an annual dividend of $1.44 per share and has a dividend yield of 1.7%. Chemung Financial pays out 18.1% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 9.3% and pay out 28.9% of their earnings in the form of a dividend. Chemung Financial has raised its dividend for 1 consecutive years.

Analyst Recommendations

This is a breakdown of current ratings and price targets for Chemung Financial and its competitors, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Chemung Financial	0	2	4	1	2.86
Chemung Financial Competitors	7470	30200	27770	1466	2.35

Chemung Financial currently has a consensus price target of $88.75, indicating a potential upside of 4.56%. As a group, “Banks” companies have a potential upside of 16.43%. Given Chemung Financial’s competitors higher probable upside, analysts clearly believe Chemung Financial has less favorable growth aspects than its competitors.

Profitability

This table compares Chemung Financial and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Chemung Financial	23.36%	14.64%	1.39%
Chemung Financial Competitors	15.64%	9.43%	0.93%

Insider & Institutional Ownership

47.5% of Chemung Financial shares are held by institutional investors. Comparatively, 48.0% of shares of all “Banks” companies are held by institutional investors. 12.7% of Chemung Financial shares are held by insiders. Comparatively, 9.8% of shares of all “Banks” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Summary

Chemung Financial beats its competitors on 8 of the 15 factors compared.

Chemung Financial Company Profile

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. It also offers commercial and agricultural loans comprising loans to small to mid-sized businesses; commercial and residential mortgage loans; and consumer loans, including home equity lines of credit and home equity term loans. In addition, the company provides interest rate swaps, letters of credit, employee benefit plans, insurance products, mutual fund, brokerage, and tax preparation services. Further, it offers guardian, custodian, trustee, investment, pension, estate planning, and employee benefit administrative services, as well as acts as an agent for pension, profit-sharing, and other employee benefit trusts. Chemung Financial Corporation was founded in 1833 and is headquartered in Elmira, New York.