Dividend hikes from Unity Bancorp, Stock Yards Bancorp and Chemung Financial highlight their profitability, capital strength and income appeal.
Chemung Financial (CHMG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Chemung Financial Corporation is rated Buy due to strong commercial loan growth and balance sheet restructuring, driving a 54% share price increase over the past year. CHMG's net interest margin reached a six-year high at 3.67%, with 67% of interest-bearing assets now in higher-yielding commercial loans, supported by Western NY tech buildout. The stock trades at an 8% discount to the sector median and a 14% discount to close peers, despite projected EPS growth 11% above the sector median.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Curtis Ellergodt Rothschild Investment LLC | 9 | $486.83 | $763.29 | $276.46 | 56.79% |
| YA Yinka Akinsola Blue Trust Inc. | 24 | $1,152.48 | $2,039.06 | $886.58 | 76.93% |
Joseph Castro Nuveen LLC | 7,663 | $367,110.11 | $649,745.77 | $282,635.66 | 76.99% |
Bobby Adusumilli SJS Investment Consulting Inc. | 1 | $55.8 | $84.78 | $28.98 | 51.94% |
Allison Tronnes Forum Financial Management LP | 6,743 | $313,462.51 | $549,487.07 | $236,024.56 | 75.3% |
| Banks Industry | Financials Sector | Anders Tomson CEO | NASDAQ (NGS) Exchange | 164024101 CUSIP |
| US Country | 348 Employees | 17 Sep 2026 Last Dividend | 3 Jun 1998 Last Split | 4 Jan 1999 IPO Date |
Chemung Financial Corporation operates as the parent company for Chemung Canal Trust Company, delivering a broad spectrum of financial services. Established in 1833, it has grown to serve as a cornerstone in banking, financing, fiduciary, and various other financial operations. Headquartered in Elmira, New York, Chemung Financial Corporation has built a legacy around offering comprehensive financial solutions, geared towards fostering the growth of individual and business finances.