For its third fiscal quarter (ending September 30), Chemung Financial Corp (NASDAQ: CHMG) has reported E.P.S. of $1.19 compared to $1.61 a year ago. E.P.S. were $4.52 for the latest four quarters through September 30 versus $6.06 for the same period a year ago.
Recent Price Action
On 10/22/24, Chemung Financial Corp (NASDAQ: CHMG) stock rose slightly by 0.04%, closing at $47.20. However, exceptionally low trading volume at 42% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months but has declined -0.8% during the last week.
Current PriceTarget Research Rating
CHMG is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Chemung Financial has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Chemung Financial has a good Appreciation Score of 72 and a good Power Rating of 77, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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