Chemung Financial (NASDAQ: CHMG) is one of 261 public companies in the “State commercial banks” industry, but how does it contrast to its competitors? We will compare Chemung Financial to similar companies based on the strength of its profitability, risk, earnings, dividends, analyst recommendations, valuation and institutional ownership.

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 13.51% 8.58% 0.76%
Chemung Financial Competitors 20.08% 8.75% 0.88%

Earnings and Valuation

This table compares Chemung Financial and its competitors gross revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Chemung Financial $80.55 million $7.43 million 19.12
Chemung Financial Competitors $1.48 billion $241.30 million 17.30

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

Institutional & Insider Ownership

33.7% of Chemung Financial shares are owned by institutional investors. Comparatively, 47.1% of shares of all “State commercial banks” companies are owned by institutional investors. 20.6% of Chemung Financial shares are owned by company insiders. Comparatively, 11.8% of shares of all “State commercial banks” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Risk and Volatility

Chemung Financial has a beta of -0.06, suggesting that its share price is 106% less volatile than the S&P 500. Comparatively, Chemung Financial’s competitors have a beta of 0.64, suggesting that their average share price is 36% less volatile than the S&P 500.

Dividends

Chemung Financial pays an annual dividend of $1.04 per share and has a dividend yield of 2.4%. Chemung Financial pays out 46.2% of its earnings in the form of a dividend. As a group, “State commercial banks” companies pay a dividend yield of 2.2% and pay out 35.9% of their earnings in the form of a dividend.

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for Chemung Financial and its competitors, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Chemung Financial 0 1 1 0 2.50
Chemung Financial Competitors 1551 5868 4812 276 2.30

Chemung Financial presently has a consensus price target of $49.00, suggesting a potential upside of 15.43%. As a group, “State commercial banks” companies have a potential upside of 22.97%. Given Chemung Financial’s competitors higher probable upside, analysts clearly believe Chemung Financial has less favorable growth aspects than its competitors.

Summary

Chemung Financial competitors beat Chemung Financial on 10 of the 15 factors compared.

About Chemung Financial

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. It offers demand, savings, and time deposits; non-interest and interest-bearing checking accounts; and insured money market accounts. The company also provides commercial and agricultural loans primarily consisting of loans to small to mid-sized businesses; commercial mortgage loans; residential mortgage loans; and consumer loans, including home equity lines of credit and home equity loans, as well as letters of credit. In addition, it offers wealth management services comprising services as executor and trustee under wills and agreements; guardian, custodian, and trustee services, as well as acts as an agent for pension, profit-sharing, and other employee benefit trusts; and various investment, pension, estate planning, and employee benefit administrative services. Further, the company provides mutual funds, securities and insurance brokerage, tax preparation, interest rate swaps, and other services. It operates through 34 branch offices located in 12 counties in New York and Bradford County in Pennsylvania. Chemung Financial Corporation was founded in 1833 and is headquartered in Elmira, New York.

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