Chemung Financial stock follows a completed bank conversion

Published on 10/05/2026 at 17:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Chemung Financial stock traded at USD 81.73 on October 5, 2026, down 0.24 percent. Q2 EPS reached USD 1.82 against USD 1.77 consensus, with revenue at USD 31.17 million.

CHMG, US1640241014, Illustration mit AI erstellt.

Chemung Financial (ISIN US1640241014) stock was trading at USD 81.73 on Nasdaq on October 5, 2026, down 0.24 percent from the prior close. The bank's subsidiary completed its conversion to a national bank on October 1, 2026, a structural change that keeps the same corporate entity while bringing it under federal supervision.

National bank conversion completed

According to StockTitan, Chemung Canal Trust Company completed the move from a New York chartered trust company to a national bank on October 1, 2026, following approval by the Office of the Comptroller of the Currency.

The subsidiary now operates as Chemung Canal Trust Company, National Association. The filing states that the bank remains the same corporate entity and retains its existing structure, making the event regulatory rather than an acquisition or balance-sheet transaction.

Second-quarter earnings beat estimates

Chemung Financial reported USD 1.82 in second-quarter diluted EPS for the period ended June 30, 2026, compared with a USD 1.77 consensus estimate, according to MarketBeat. The USD 0.05 beat came with quarterly revenue of USD 31.17 million against USD 30.52 million expected.

The same report put the quarterly net margin at 20.68 percent and return on equity at 12.98 percent. Those figures give investors a clearer operating benchmark than the charter change alone, because the latest earnings period showed both profitability and revenue above estimates.

Analysts see measured upside

Investing.com lists a Buy consensus from 4 analysts, with an average 12-month price target of USD 87.25, a high target of USD 95 and a low target of USD 81. The average target lies 6.8 percent above the October 5 price of USD 81.73.

The analyst range also shows why the consensus is not uniform. The low target sits below the current quote, while the high target is USD 13.27 higher, leaving a USD 14 spread between the published extremes.

CHMG remains below its yearly high

CHMG's October 5 intraday range was USD 81.05 to USD 82.21, with 29,651 shares traded at the time of the quote. The market capitalization stood at USD 393.9 million, while the 52-week range was USD 49.82 to USD 86.00.

The stock was last at USD 81.73 on Nasdaq on October 5, 2026 at 11:49 a.m. ET. That leaves the quote USD 4.27 below the 52-week high and places the next earnings date on October 27, 2026.