Chemung Financial (CHMG)
Holding company for a community bank chartered in 1833, expanding under Capital Bank and Canal Bank.
Something off on this page? Send us feedback.
Runs a deposit and lending franchise concentrated across upstate New York's Southern Tier and Finger Lakes plus Bradford County, Pennsylvania, extended into new markets through separately branded Capital Bank and Canal Bank divisions, alongside a wealth-management arm that generates a disproportionately large share of fee income for the bank's asset base.
Operates as the holding company for Chemung Canal Trust Company, chartered in 1833 and marketed as the oldest continuously operating independent community bank in New York State. Core banking — deposits and commercial, real estate, mortgage, and consumer lending — concentrates across the Southern Tier, Finger Lakes, and Bradford County, Pennsylvania.
Two divisions extend the franchise without erasing local identity: Capital Bank serves the Albany-area Capital District, and Canal Bank, launched in 2024, reaches into Western New York around Buffalo.
A Wealth Management Group adds trust, custodial, executor, and investment-advisory services that generate a fee-income stream disproportionately large for the bank's balance sheet, alongside a non-bank subsidiary distributing mutual funds, annuities, brokerage through LPL Financial, insurance, and tax preparation.
The bank operates under a New York State charter and Federal Reserve System membership, led by a chief executive since 2016.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 1, 2026 | Raymond James | Initiate | Rating: —Target: — | Target: $87 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $357.0M · Total debt $142.4M · Total assets $2.82B · Shareholders' equity $270.4M
- Revenue
- $18.1M
- Operating income
- −$11.8M
- Net income
- $8.8M
HistoryDividendAnnual yield
| Institutions | ≈ 50.03% | 2.41M shares | |
|---|---|---|---|
| 105 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 11.78% | 568.1K shares | |
| 25 holders · as of Sep 17, 2026 | |||
| Other | ≈ 38.19% | 1.84M shares | |
| remainder | |||
4.82M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.12% | 391,487 | as of Jun 30, 2026 |
Chemung Canal Trust CoInstitution | 5.91% | 284,776 | as of Jun 30, 2026 |
Dalrymple Family Limited PartnershipInstitution | 5.64% | 272,018 | filed Feb 13, 2026 |
Elizabeth T. DalrympleInsider | 5.09% | 245,463 | filed Feb 11, 2022 |
Dimensional Fund Advisors LPInstitution | 3.87% | 186,549 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 16, 2026 | Loren D. Cole | officer: EVP & CIO | −5,160 | $83.50 |
| Apr 27, 2026 | Thomas R. Tyrrell | director | −788 | $65.33 |
| Feb 26, 2026 | Robert H. Dalrymple | director | −2,833 | $56.56 |
| Feb 4, 2026 | Daniel D. Fariello | officer: President, Capital Bank Div. | −748 | $61.13 |
| Feb 3, 2026 | Daniel D. Fariello | officer: President, Capital Bank Div. | −242 | $61.57 |
- Tompkins Financial
Direct Southern Tier/Finger Lakes rival in banking and wealth management
- NBT Bancorp
Larger super-regional overlapping Southern Tier, Capital District, and WNY
- Arrow Financial
Capital District community-bank rival with an overlapping wealth-advisory arm
- Community Financial System
Larger upstate NY community bank with overlapping wealth and insurance lines
- M&T Bank
Buffalo-headquartered mega-bank facing the new Canal Bank WNY division
- Financial Institutions
Five Star Bank overlaps directly in Finger Lakes and Western New York
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Chemung Financial | $81.55 | −0.51% | $395.1M | 11.8 | 10.5 | 2.9 | +39.6% |
| Tompkins Financial | $97.25 | −0.59% | $1.41B | 8.0 | 12.1 | 2.9 | +5.4% |
| NBT Bancorp | $50.53 | −0.64% | $2.64B | 12.5 | 11.5 | 2.8 | +9.4% |
| Arrow Financial | $37.09 | −1.00% | $619.2M | 12.0 | 9.2 | 2.9 | +10.1% |
| Community Financial System | $60.99 | −0.25% | $3.21B | 14.2 | 12.6 | 3.1 | +9.6% |
| M&T Bank | $220.53 | −1.30% | $32.38B | 11.8 | 11.1 | 2.6 | +5.7% |
| Financial Institutions | $39.89 | −1.07% | $793.8M | 10.0 | 9.5 | 2.5 | +8.2% |
| Median | 11.9 | 11.3 | 2.8 | +8.8% |