CHEMUNG FINANCIAL CORP (CHMG)

Chemung Financial Corp. is a holding company, which engages in the provision of banking, financing, fiduciary, and other financial services. It operates through the Core Banking and Wealth Management Services (WMG) segments. The Core Banking segment attracts deposits from the general public to originate consumer, commercial, commercial real estate, and residential mortgage loans, primarily in the local markets of the firm and to invest in securities. The WMG segment provides trust and investment advisory services to clients. The company was founded on January 2, 1985 and is headquartered in Elmira, NY.

Address

ONE CHEMUNG CANAL PLZ
ELMIRA, NY 14902

Founded

1985

Number of Employees

339

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s)
- $33 $22 $61 - - $5,731 $1,068 $2,650 - - $1,594
Average Price - $27.62 $35.38 $52.92 - - $31.08 $40.34 $185.66 - - $41.94
# Shares Purchased - 1,184 612 1,159 - - 184,370 26,468 14,273 - - 38,011
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date - 66.5% 30.0% -13.1% - - 48.0% 14.0% -75.2% - - 9.7%
S&P 500 Return to Date - 173.0% 168.6% 129.7% - - 74.8% 31.7% 37.3% - - 102.5%
Excess Total Return - -106.4% -138.6% -142.8% - - -26.9% -17.6% -112.5% - - -92.8%
Quartile Rank
Percentile Rank - 52% 41% 31% - - 54% 58% 4% - - 49%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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