Piper Sandler Initiates Coverage on Chemung Financial
CHMG Stock | USD 44.80 0.88 1.93% |
Roughly 61% of Chemung Financial's investor base is looking to short. The analysis of overall sentiment of trading Chemung Financial Corp stock suggests that many investors are alarmed at this time. The current market sentiment, together with Chemung Financial's historical and current headlines, can help investors time the market. In addition, many technical investors use Chemung Financial Corp stock news signals to limit their universe of possible portfolio assets.
Chemung |
Research analysts at Piper Sandler initiated coverage on shares of Chemung Financial in a research note issued to investors on Friday. The brokerage set a neutral rating and a 57.00 price target on the banks stock. Piper Sandlers price objective points to a potential upside of 14.69 percent from the companys
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Chemung Financial Fundamental Analysis
We analyze Chemung Financial's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Chemung Financial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Chemung Financial based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Annual Yield
Annual Yield Comparative Analysis
Chemung Financial is currently under evaluation in annual yield category among its peers. Yield generally refers to the amount of cash that is paid back to the owner of a security over a specific time (usually one year). It is expressed as a percentage of current market price, and usually amounts to all the interests and/or dividends paid over a given period. A higher yield allows the shareholders to generate returns on their investments sooner. However, investors should also be aware that a high yield may be a result of market turmoil or increased price volatility.
Chemung Financial Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Chemung Financial stock to make a market-neutral strategy. Peer analysis of Chemung Financial could also be used in its relative valuation, which is a method of valuing Chemung Financial by comparing valuation metrics with similar companies.
Peers
Chemung Financial Related Equities
OBT | Orange County | 96.23 | ||||
BSVN | Bank7 Corp | 1.32 | ||||
FNWB | First Northwest | 1.48 | ||||
FFNW | First Financial | 1.58 | ||||
FNWD | Finward Bancorp | 1.96 | ||||
HFBL | Home Federal | 2.25 | ||||
OVLY | Oak Valley | 2.66 | ||||
FCCO | First Community | 2.74 | ||||
CWBC | Community West | 3.02 | ||||
COFS | ChoiceOne Financial | 3.19 |
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When running Chemung Financial's price analysis, check to measure Chemung Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chemung Financial is operating at the current time. Most of Chemung Financial's value examination focuses on studying past and present price action to predict the probability of Chemung Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chemung Financial's price. Additionally, you may evaluate how the addition of Chemung Financial to your portfolios can decrease your overall portfolio volatility.
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