Chemung Financial Corporation is a financial services holding company operating 31 offices through its main subsidiary, Chemung Canal Trust Company, a full-service community bank. It also owns CFS Group, Inc., which offers non-traditional services like mutual funds, annuities, brokerage, tax preparation, and insurance. The company provides a wide range of financial services, including deposits, loans, interest rate swaps, letters of credit, wealth management, employee benefits, and insurance. Its core banking segment focuses on attracting public deposits to fund various loans, while its wealth management segment offers trust and investment advisory services. We show 63 historical shares outstanding datapoints in our CHMG shares outstanding history coverage, used to compute CHMG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CHMG market cap history over the course of time is important for investors
interested in comparing CHMG's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CHMG versus a peer is one thing; comparing
CHMG market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CHMG can fluctuate over the course of history.
With this page we aim to empower investors researching CHMG by allowing them to research the CHMG market cap history. |
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Video: The Importance of Market Cap
