Chemung Financial Corporation (Nasdaq: CHMG) is a leading financial holding company that operates through its subsidiary Chemung Canal Trust Company, offering a diverse range of banking, financing, fiduciary, and other financial services. With 31 locations spread across Pennsylvania and New York, the company serves a broad range of individual and business customers. As of its latest financial report, Chemung Financial Corporation has reported total assets worth USD 2.6 billion.
Comps: Citizens Financial Services, Inc. (Nasdaq:CZFS), Blue Ridge Bankshares, Inc. (NYSE:BRBS)
Chemung Financial Corporation stands out among its peers with a strong price to earnings ratio of 8.1, indicating potential for solid growth. It also outperforms competitors in terms of return on equity and net income, reflecting the bank’s efficient use of capital. Furthermore, Chemung Financial’s earnings per share of 6.3 and profit margin are superior to those of Blue Ridge Bankshares. In addition, the bank’s higher revenue and yield compared to Citizens Financial Services signal a more promising investment opportunity.