Chemung Financial Corporation

Chemung Financial Corporationverified

CHMG

Price:

$49.59

Market Cap:

$235.98M

Chemung Financial Corporation operates as the holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services. The company provides demand, savings, and time deposits; non-interest and interest-bearing checking accounts; and insured money market accounts. It also offers commercial and agricultural loans comprising loans to small to mid-sized businesses; commercial mortgage loans; residential mortgage loans; consumer loans, including home equity lines of credit and home equity term loans; and interest rate swaps, letters of credit, wealth management, employee benefit plans, mutual fund, insurance products, and brokerage serv...[Read more]

Industry

Banks - Regional

IPO Date

1999-01-04

Stock Exchange

NASDAQ

Ticker

CHMG

The Current Ratio as of December 2024 (TTM) for Chemung Financial Corporation (CHMG) is 0.40

According to Chemung Financial Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.40. This represents a change of 199.06% compared to the average of 0.13 of the last 4 quarters.

Chemung Financial Corporation (CHMG) Historical Current Ratio (quarterly & annually)

How has CHMG Current Ratio performed in the past?

The mean historical Current Ratio of Chemung Financial Corporation over the last ten years is 25.61. The current 0.40 Current Ratio has changed 57.33% with respect to the historical average. Over the past ten years (40 quarters), CHMG's Current Ratio was at its highest in in the June 2022 quarter at 126.67. The Current Ratio was at its lowest in in the December 2023 quarter at 0.02.

Quarterly (TTM)
Annual

Average

25.61

Median

21.14

Minimum

0

Maximum

82.63

Chemung Financial Corporation (CHMG) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Chemung Financial Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 108.73%

Maximum Annual Current Ratio = 82.63

Minimum Annual Increase = -100.00%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230-100.00%
20225.48-74.21%
202121.25-7.14%
202022.888.77%
201921.04-12.62%
201824.0728.66%
201718.71-77.36%
201682.63108.73%
201539.5994.02%
201420.40-71.15%

Chemung Financial Corporation (CHMG) Average Current Ratio

How has CHMG Current Ratio performed in the past?

The current Current Ratio of Chemung Financial Corporation (CHMG) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

8.91

5-year avg

14.13

10-year avg

25.61

Chemung Financial Corporation (CHMG) Current Ratio vs. Peers

How is CHMG’s Current Ratio compared to its peers?

Chemung Financial Corporation’s Current Ratio is less than Finward Bancorp (63.86), greater than Community West Bancshares (0.33), less than First Financial Northwest, Inc. (1.75), greater than Oak Valley Bancorp (0), less than HMN Financial, Inc. (4.41), greater than Oconee Federal Financial Corp. (0.21), less than Cullman Bancorp, Inc. (76.62), greater than Home Federal Bancorp, Inc. of Louisiana (0), less than First Northwest Bancorp (2.40), greater than First Community Corporation (0), less than Bank7 Corp. (589.88), less than Orange County Bancorp, Inc. (12.81), greater than ChoiceOne Financial Services, Inc. (0),

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