Hovde Group sets USD 88 target for Chemung Financial stock

Published on 10/14/2026 at 00:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hovde Group set a USD 88.00 target on October 12, 2026. Zacks forecasts USD 1.93 EPS for Chemung Financial stock in September 2026.

Analyst coverage and reporting date

Hovde Group began coverage with a market perform rating and a USD 88.00 target on October 12, 2026.
The target implies 9.26 percent upside from the cited prior close.
Zacks expects USD 1.93 earnings per share for the September 2026 quarter.
Chemung Financial is listed for quarterly results on October 21, 2026.

CHMG, US1640241014, Illustration mit AI erstellt.

Chemung Financial (ISIN US1640241014) received a USD 88.00 price target from Hovde Group on October 12, 2026, when the firm began coverage with a market perform rating. The target represented 9.26 percent upside from the prior close cited in the report, giving the analyst action a clear valuation reference for CHMG stock.

Three dated developments

The latest analyst action followed three measurable developments. On July 22, 2026, Chemung Financial reported second-quarter net income of USD 8.8 million and diluted earnings per share of USD 1.82, according to GlobeNewswire. On October 1, 2026, the company completed the conversion of Chemung Canal Trust Company into a national bank, as StockTitan reported. On October 12, 2026, Hovde Group added its USD 88.00 target and market perform view, according to MarketBeat.

What does the target imply

The USD 88.00 objective sits above the USD 80.54 prior close used by MarketBeat to calculate the 9.26 percent upside. MarketBeat also reported six analyst ratings, split between three Buy ratings and three Hold ratings, with an average target of USD 87.75.

The earnings backdrop is constructive but not one-sided. According to Yahoo Finance on October 13, 2026, consensus calls for USD 1.93 earnings per share and USD 31.65 million in revenue for the quarter ended September 2026. Those estimates compare with USD 1.82 earnings per share in the second quarter and imply 19.10 percent year-over-year earnings growth.

Dates for the next update

ToAlpha lists October 21, 2026 as the next earnings date for Chemung Financial. The Canal Bank & Trust name is scheduled to be introduced in the coming months and implemented across the company footprint throughout 2027, according to GlobeNewswire.

Nasdaq price and valuation

CHMG was last at USD 80.37 on Nasdaq on October 13, 2026 at 4:00 p.m. ET. The market capitalization was USD 387.4 million, while the 52-week range was USD 49.82 to USD 86.00.