KBRA Assigns Ratings to Chemung Financial Corporation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 27 2025
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Source: Newsfilter
Credit Ratings Assigned: KBRA has assigned Chemung Financial Corporation a senior unsecured debt rating of BBB and a subordinated debt rating of BBB-, while its subsidiary, Chemung Canal Trust Company, received higher ratings of BBB+ for deposits and senior unsecured debt. The outlook for all long-term ratings is stable.
Financial Performance Insights: Chemung Financial's core earnings are supported by predictable non-spread revenue and a conservative liquidity management approach, although it faces challenges with a large underwater securities portfolio and elevated investor CRE concentration. Management plans to focus on commercial lending in new markets to enhance growth.
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Analyst Views on CHMG
Wall Street analysts forecast CHMG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CHMG is 60.00 USD with a low forecast of 60.00 USD and a high forecast of 60.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 58.430
Low
60.00
Averages
60.00
High
60.00
Current: 58.430
Low
60.00
Averages
60.00
High
60.00
About CHMG
Chemung Financial Corporation is a financial holding company. The Company through the Chemung Canal Trust Company (Bank) and CFS Group, Inc (CFS), provides a range of financial services, including demand, savings and time deposits, commercial, residential, and consumer loans, interest rate swaps, letters of credit, wealth management services, employee benefit plans, insurance products, mutual funds, and brokerage services. The Company primarily focuses on banking and wealth management services. Its core banking segment attracts deposits from the public and uses such funds to originate consumer, commercial, commercial real estate, and other loans. Wealth management services provided by the Bank include services as executor and trustee under wills and agreements, and guardian, custodian, trustee, and agent for pension, profit-sharing and other employee benefit trusts, as well as various investment, pension, estate planning, and employee benefit administrative services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Chemung Financial Reports Strong Q4 Earnings
- Earnings Performance: Chemung Financial's Q4 GAAP EPS of $1.61 aligns with market expectations, demonstrating the company's ongoing commitment to maintaining stable profitability.
- Significant Revenue Growth: The company reported revenue of $30.51 million, a 17.9% year-over-year increase, exceeding market expectations by $1.03 million, indicating strong business momentum, particularly in lending and deposit services.
- Positive Market Reaction: The revenue beat may positively impact Chemung Financial's stock price, enhancing investor confidence in its future growth potential.
- Strong Financial Health: The continuous revenue growth and stable profitability suggest a solid financial position, providing a robust foundation for future investments and expansion.
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Chemung Financial Corporation Earnings Estimate Cut by 3.9%
- Earnings Estimate Cut: Chemung Financial Corporation's current year earnings estimate has been revised downward by 3.9% over the last 60 days, indicating potential profitability challenges that could negatively impact its stock performance.
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