Financial Comparison: Chemung Financial (CHMG) versus Its Competitors

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

Analyst Recommendations

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

	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, suggesting a potential upside of 4.56%. As a group, “Banks” companies have a potential upside of 16.43%. Given Chemung Financial’s rivals higher possible upside, analysts plainly believe Chemung Financial has less favorable growth aspects than its rivals.

Volatility and Risk

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

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 increased its dividend for 1 consecutive years.

Profitability

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

Earnings & Valuation

This table compares Chemung Financial and its rivals gross 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 rivals have higher revenue and earnings than Chemung Financial. Chemung Financial is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Summary

Chemung Financial beats its rivals 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.