Core Viewpoint - The article highlights Chemung Financial Corp (CHMG) as a strong value stock, supported by various valuation metrics indicating it is currently undervalued compared to its industry peers [4][8]. Valuation Metrics - CHMG has a P/E ratio of 9.93, significantly lower than the industry average of 13.15, with a 52-week range of 7.89 to 10.14 [4]. - The P/B ratio for CHMG stands at 1.13, compared to the industry average of 2.09, with a 52-week range of 0.95 to 1.39 [5]. - The P/S ratio for CHMG is 1.67, while the industry average is 2.25, indicating a favorable valuation [6]. - CHMG's P/CF ratio is 9.62, which is attractive compared to the industry average of 19.78, with a 52-week range of 6.42 to 9.64 [7]. Investment Outlook - The combination of CHMG's strong earnings outlook and favorable valuation metrics positions it as one of the market's strongest value stocks [8].

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional val ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 Securities registered pursuant to Section 12(b) of the Exchange Act: Title of each class Trading Symbol Name of exchange on which registered Common stock, par value $.01 per share CHMG The Nasdaq Stock Market LLC FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For Quarterly period ended September 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics ...

Financial Performance - Chemung Financial reported quarterly earnings of $1.19 per share, exceeding the Zacks Consensus Estimate of $1.11 per share, but down from $1.21 per share a year ago, representing an earnings surprise of 7.21% [1] - The company posted revenues of $24.31 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.28%, but down from $25.83 million year-over-year [1] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.17 on revenues of $24.5 million, and for the current fiscal year, it is $4.78 on revenues of $95.7 million [4] - The estimate revisions trend for Chemung Financial is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [4] Industry Context - The Banks - Southeast industry, to which Chemung Financial belongs, is currently in the bottom 29% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [5] - Another industry peer, Ameris Bancorp, is expected to report quarterly earnings of $1.26 per share, reflecting a year-over-year increase of 8.6%, with revenues projected at $290.6 million, up 7.3% from the previous year [5]

EXHIBIT 99.1 Chemung Financial Corporation Reports Third Quarter 2024 Net Income of $5.7 million, or $1.19 per share ELMIRA, N.Y., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the "Corporation") (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the "Bank"), today reported net income of $5.7 million, or $1.19 per share, for the third quarter of 2024, compared to $5.0 million, or $1.05 per share, for the second quarter of 2024, and $7.6 million, or $1.61 per share, for the ...

ELMIRA, N.Y., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $5.7 million, or $1.19 per share, for the third quarter of 2024, compared to $5.0 million, or $1.05 per share, for the second quarter of 2024, and $7.6 million, or $1.61 per share, for the third quarter of 2023. “Our balance sheet is well positioned as we enter into this rate cutting cycle. We are seeing ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 Securities registered pursuant to Section 12(b) of the Exchange Act: Title of each class Trading Symbol Name of exchange on which registered Common stock, par value $.01 per share CHMG The Nasdaq Stock Market LLC FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For Quarterly period ended June 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT O ...

What's Next for Chemung Financial? Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Live Oak Bancshares (LOB) , another stock in the same industry, has yet to report results for the quarter ended June 2024. The results are expected t ...

Chemung Financial Corporation Reports Second Quarter 2024 Net Income of $5.0 million, or $1.05 per share ELMIRA, N.Y., July 18, 2024 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the "Corporation") (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the "Bank"), today reported net income of $5.0 million, or $1.05 per share, for the second quarter of 2024, compared to $7.1 million, or $1.48 per share, for the first quarter of 2024, and $6.3 million, or $1.33 per share, for the second quar ...