CHMG
Chemung Financial CorporationFinancial Services·Banks - Regional
$68.68
$331M market cap
Revenue
$80.8M
Free Cash Flow
$24.6M
Rev Growth
+0.0%
FCF Margin
30.5%
P/FCF
13.4x
EV/FCF
6.4x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
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. 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 mortgage loans; residential mortgage loans; consumer loans, incl
2-Year Price History
$68.94+68.6%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 39.9 | 11.8 | 11.8 | 9.2 | 9.0 | 8.9 | -0.1 | 303.0 | 128.8 | 4.8 | 16.8% | 1.2x | -- |
| Act | 2025-Q4 | 40.9 | 11.8 | 11.0 | 7.7 | 16.3 | 15.7 | -0.6 | 303.4 | 4.9 | 4.8 | 35.3% | 1.1x | -- |
Valuation & Metrics
Market Stats
Price$68.68
Market Cap$331M
Enterprise Value$157M
P/S Ratio4.1x
P/FCF13.4x
EV/FCF6.4x
FCF Margin (TTM)30.5%
FCF Yield7.4%
Dividend Yield (TTM)2.0%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$80.8M
Net Income$16.9M
Free Cash Flow$24.6M
Revenue Growth (YoY)+0.0%
EBITDA Margin29.2%
Net Margin21.0%
FCF Margin30.5%
CapEx % of Revenue0.9%
SBC % of Revenue1.6%
ROIC26.1%
WC Change % Rev0.0%
Interest Coverage1.2x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover1.5
Change (vs Prior)+3.1%
Need at least 2 settlement dates for chart
Employees
Headcount343
Revenue / Employee$235,536
Gross Profit / Employee$171,067
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
20.9%(+4.2% YoY)
81 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
15.5%(+2.6% YoY)
9 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-0.1% YoY)
2 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BlackRock, Inc.Passive | $19.5M | $46.54 | −$364K | −$9K | -0.2% | $5.69T |
| CHEMUNG CANAL TRUST CO | $15.4M | $37.85 | −$4K | −$1.4M | -0.6% | $494M |
| DIMENSIONAL FUND ADVISORS LPPassive | $9.8M | $43.96 | +$117K | +$702K | -0.4% | $480.92B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $9.3M | $53.82 | +$9.3M | +$9.3M | — | $4.04T |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $8.5M | $52.10 | +$978K | +$8.5M | -0.2% | $113.45B |
| PL Capital Advisors, LLC | $5.9M | $53.27 | +$0 | +$5.8M | -1.3% | $332M |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $4.9M | $40.16 | −$84K | +$544K | +2.3% | $1.61T |
| ACADIAN ASSET MANAGEMENT LLC | $4.2M | $46.74 | +$0 | +$313K | -0.5% | $70.48B |
| STATE STREET CORPPassive | $3.1M | $40.43 | −$29K | +$436K | -0.2% | $2.89T |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $2.8M | $43.71 | +$0 | −$1.3M | -2.3% | $4.93B |
| RENAISSANCE TECHNOLOGIES LLC | $2.2M | $45.87 | −$91K | −$468K | +1.2% | $63.91B |
| GOLDMAN SACHS GROUP INC | $2.2M | $49.43 | +$100K | +$822K | -0.2% | $760.93B |
| MORGAN STANLEY | $2.0M | $45.45 | −$227K | −$502K | -0.3% | $1.65T |
| FIRST MANHATTAN CO | $1.9M | $46.92 | −$43K | −$300K | -0.2% | $36.06B |
| NORTHERN TRUST CORPPassive | $1.9M | $40.34 | +$120K | +$124K | -0.2% | $755.34B |
| ALLIANCEBERNSTEIN L.P. | $1.6M | $43.43 | +$63K | +$4K | -0.3% | $307.70B |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. | $1.5M | $43.36 | −$2.3M | −$2.4M | -0.2% | $1.96B |
| Empowered Funds, LLC | $1.4M | $40.06 | +$0 | +$114K | +0.2% | $15.64B |
| Connor, Clark & Lunn Investment Management Ltd. | $1.4M | $46.76 | +$0 | −$288K | +0.6% | $43.38B |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $1.3M | $53.82 | +$1.3M | +$1.3M | — | $1.91T |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.37%
avg per quarter
Holders (ex-self)
-0.36%
excl. this stock
Buyers (this Q)
-0.23%
25 buyers · $0.01B in
Sellers (this Q)
-0.16%
26 sellers · $0.01B out
alpha coverage: 90% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+7.8%
how holders react when this stock falls
On quiet Qs
+1.5%
−10% to +10% baseline
On rallies (+10%+)
-19.8%
how they react when this stock rises
Holders' portfolio flow this Q
+1.8%
inflows — adds are organic
Sellers' portfolio flow this Q
-1.0%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-5.4%
Holder mid (any stock)
-3.9%
Holder rally (any stock)
-3.6%
Biggest decreases this quarter
BASSWOOD CAPITAL MANAGEMENT, L.L.C.−$2.3Mα-0.2CITADEL ADVISORS LLCexited−$777KBAILARD, INC.exited−$412KBlackRock, Inc.−$364Kα-0.2MORGAN STANLEY−$227Kα-0.3SEI INVESTMENTS COexited−$205KRENAISSANCE TECHNOLOGIES LLC−$91Kα+1.2GEODE CAPITAL MANAGEMENT, LLC−$84Kα+2.3AMERICAN CENTURY COMPANIES INC−$51Kα+0.7FIRST MANHATTAN CO−$43Kα-0.2
New buyers this quarter
Top-5 holders · 52.0%
BlackRock, Inc.--
CHEMUNG CANAL TRUST CO--
DIMENSIONAL FUND ADVISORS LP--
VANGUARD CAPITAL MANAGEMENT LLC--
MANUFACTURERS LIFE INSURANCE COMPANY, THE--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Fourthstone LLC—CHEMUNG CANAL TRUST CO286KFJ Capital Management LLC—BASSWOOD CAPITAL MANAGEMENT, L.L.C.27KMANUFACTURERS LIFE INSURANCE COMPANY, THE158KPL Capital Advisors, LLC109KACADIAN ASSET MANAGEMENT LLC78KROYCE & ASSOCIATES LP—BRIDGEWAY CAPITAL MANAGEMENT, LLC52KALLIANCEBERNSTEIN L.P.29K
Analyst Coverage
Analyst Coverage
Analyst Ratings
2
5
Buy: 2Hold: 5Consensus: Hold
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$1.12M
7 txns · 2 insiders · 21,483 sh
Sells ($, 12mo)
$303K
5 txns · 3 insiders · 5,111 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-04-27 | SELL | Tyrrell Thomas R. | director | 788 | $65.33 | $51K | $526K |
| 2026-02-26 | SELL | Dalrymple Robert H | director | 2,833 | $56.56 | $160K | $76K |
| 2026-02-04 | SELL | Fariello Daniel D | officer: President, Capital Bank Div. | 748 | $61.13 | $46K | $435K |
| 2026-02-03 | SELL | Fariello Daniel D | officer: President, Capital Bank Div. | 242 | $61.57 | $15K | $484K |
| 2026-02-02 | SELL | Tyrrell Thomas R. | director | 500 | $61.00 | $31K | $537K |
| 2025-10-29 | BUY | STREETER JEFFREY B | director | 2,184 | $51.92 | $113K | $1.70M |
| 2025-10-28 | BUY | STREETER JEFFREY B | director | 1,316 | $51.64 | $68K | $1.58M |
| 2025-08-05 | BUY | COLE LOREN D | officer: EVP & CIO | 2,983 | $50.10 | $149K | $467K |
| 2025-07-28 | BUY | STREETER JEFFREY B | director | 2,612 | $52.60 | $137K | $1.54M |
| 2025-07-25 | BUY | STREETER JEFFREY B | director | 5,000 | $52.94 | $265K | $1.41M |
| 2025-07-24 | BUY | STREETER JEFFREY B | director | 4,103 | $52.91 | $217K | $1.14M |
| 2025-07-23 | BUY | STREETER JEFFREY B | director | 3,285 | $53.19 | $175K | $930K |
Order Flow (FINRA, ~3w lag)
17.0%retail+0.3pp
9.0%dark-3.5pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
CHEMUNG FINANCIAL CORP: Metadata scan indicates routine compliance with no immediate red flags.
Overall Risk
2/10
Fraud
1/10
Dilution
1/10
Insolvency
2/10
Earnings Overstated
1/10
Hidden Liabilities
1/10
Legal
1/10
Audit Warnings
1/10
Hidden Upside
1/10
Contextually Acceptable
10/10