Chemung Financial Corp (NASDAQ: CHMG) has reported E.P.S. of $1.48 for its first fiscal quarter (ending March 31) versus $1.54 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $5.22 compared to $6.21 a year ago.
Recent Price Action
Chemung Financial Corp (NASDAQ: CHMG) stock closed at $39.44 on 4/18/24 after a slight decline of -0.9%. Moreover, unusually high trading volume at 171% of normal accompanied the decline. The stock has declined -1.4% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CHMG is expected to continue to be a modest Value Builder.
Chemung Financial has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Chemung Financial has a slightly positive Power Rating of 64 and a good Appreciation Score of 76, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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