Chemung Financial Equity 2024

Chemung Financial Aktienanalyse

What does Chemung Financial do?

The Chemung Financial Corporation is a company that operates in the financial industry. It was founded in 1833 and is headquartered in Elmira, New York. The company specializes in providing financial services and is active in the areas of banking, real estate, and insurance. In the banking sector, Chemung Financial Corporation offers various products and services, including deposit accounts, credit cards, mortgage loans, loans, and investment advice. It operates a total of 34 branches in New York and Pennsylvania and has a workforce of over 500 employees. The company's history began in 1833 when the Chemung Canal Bank was founded to finance the transportation of goods on the Chemung Canal. In 1865, the bank received a federal banking license and was recognized as a national bank. In 1889, the bank was restructured as the Chemung Canal Trust Company. It was one of the first banks in New York to engage in trust business. Over time, the company expanded and in 2004, it added the name "Chemung Financial Corporation" as a holding company to the Chemung Canal Trust Company. They also acquired Capital Bank & Trust Co., which is now operated as a subsidiary. These acquisitions allowed the company to establish a strong customer base in the region. The Chemung Risk Management, Inc division is the real estate division of the company and offers asset management and investment advisory services. It specializes in fund management, private equity and fixed-income securities, stocks, and bonds. The real estate division serves multiple clients and invests in properties in New York and Florida. The Chemung Canal Trust Company offers various types of insurance, including life, health, auto, liability, and small business insurance. They prioritize personal service and provide customized insurance offerings tailored to individual customer needs. They also offer consultations and support for wealth planning. Chemung Financial Corporation has established itself as one of the reputable financial companies in the banking, real estate, and insurance industries. With their years of experience and expertise in these areas, the company provides outstanding service and reliable products. The company aims to continue its ongoing expansion to expand its customer base and strengthen its commitment to the financial industry. Chemung Financial ist eines der beliebtesten Unternehmen auf Eulerpool.com.

Equity Details

Analyzing Chemung Financial's Equity

Chemung Financial's equity represents the ownership interest in the company, calculated as the difference between total assets and total liabilities. It reflects the residual claim by shareholders on the company’s assets after all debts have been paid. Understanding Chemung Financial's equity is essential for assessing its financial health, stability, and value to shareholders.

Year-to-Year Comparison

Evaluating Chemung Financial's equity over successive years offers insights into the company's growth, profitability, and capital structure. Increasing equity indicates an enhancement in net assets and financial health, while decreasing equity could point to rising debts or operational challenges.

Impact on Investments

Chemung Financial's equity is a crucial element for investors, influencing the company's leverage, risk profile, and return on equity (ROE). Higher equity levels generally suggest lower risk and enhanced financial stability, making the company a potentially attractive investment opportunity.

Interpreting Equity Fluctuations

Fluctuations in Chemung Financial’s equity can arise from various factors, including changes in net income, dividend payments, and issuance or buyback of shares. Investors analyze these shifts to gauge the company's financial performance, operational efficiency, and strategic financial management.

Frequently Asked Questions about Chemung Financial stock

What is the equity of Chemung Financial this year?

Chemung Financial has equity of 195.24 M USD this year.

What was the equity of Chemung Financial compared to the previous year?

The equity of Chemung Financial has increased/decreased by 17.33% increased compared to the previous year.

What impact does a high equity have on investors of Chemung Financial?

A high equity is advantageous for investors of Chemung Financial as it is an indicator of the company's financial stability and its ability to manage risks and challenges.

What impact does low equity have on investors of Chemung Financial?

A low equity can be a risk for investors of Chemung Financial, as it can put the company in a weaker financial position and impair its ability to manage risks and challenges.

How does an increase in equity of Chemung Financial affect the company?

An increase in equity of Chemung Financial can strengthen the company's financial position and improve its ability to make investments in the future.

How does a reduction in the equity of Chemung Financial affect the company?

A reduction in equity of Chemung Financial can affect the financial situation of the company and lead to a higher dependence on debt capital.

What are some factors that influence the equity of Chemung Financial?

Some factors that can affect the equity of Chemung Financial include profits, dividend payments, capital increases, and acquisitions.

Why is the equity of Chemung Financial so important for investors?

The equity of Chemung Financial is important for investors as it is an indicator of the financial strength of the company and can be an indication of how well the company is able to fulfill its financial obligations.

What strategic measures can Chemung Financial take to change the equity?

To change equity, Chemung Financial can take various measures such as increasing profits, conducting capital increases, reducing expenses, and acquiring companies. It is important for the company to perform a thorough review of its financial situation to determine the best strategic actions to modify its equity.

How much dividend does Chemung Financial pay?

Over the past 12 months, Chemung Financial paid a dividend of 1.24 USD . This corresponds to a dividend yield of about 2.62 %. For the coming 12 months, Chemung Financial is expected to pay a dividend of 1.41 USD.

What is the dividend yield of Chemung Financial?

The current dividend yield of Chemung Financial is 2.62 %.

When does Chemung Financial pay dividends?

Chemung Financial pays a quarterly dividend. This is distributed in the months of January, April, July, October.

How secure is the dividend of Chemung Financial?

Chemung Financial paid dividends every year for the past 22 years.

What is the dividend of Chemung Financial?

For the upcoming 12 months, dividends amounting to 1.41 USD are expected. This corresponds to a dividend yield of 2.98 %.

In which sector is Chemung Financial located?

Chemung Financial is assigned to the 'Finance' sector.

Wann musste ich die Aktien von Chemung Financial kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Chemung Financial from 10/1/2024 amounting to 0.31 USD, you needed to have the stock in your portfolio before the ex-date on 9/19/2024.

When did Chemung Financial pay the last dividend?

The last dividend was paid out on 10/1/2024.

What was the dividend of Chemung Financial in the year 2023?

In the year 2023, Chemung Financial distributed 1.24 USD as dividends.

In which currency does Chemung Financial pay out the dividend?

The dividends of Chemung Financial are distributed in USD.