Media coverage about Chemical Financial (NASDAQ:CHFC) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Chemical Financial earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 45.4987480810581 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Chemical Financial (CHFC) traded up $0.84 during midday trading on Thursday, reaching $54.50. 318,200 shares of the company traded hands, compared to its average volume of 344,957. The firm has a market cap of $3,860.00, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 1.62 and a beta of 1.15. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15. Chemical Financial has a 1-year low of $43.61 and a 1-year high of $58.17.
Chemical Financial (NASDAQ:CHFC) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The business had revenue of $175.75 million for the quarter, compared to the consensus estimate of $182.78 million. Chemical Financial had a net margin of 24.23% and a return on equity of 8.05%. The firm’s quarterly revenue was up 41.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. research analysts predict that Chemical Financial will post 2.99 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a dividend of $0.28 per share. The ex-dividend date was Thursday, November 30th. This represents a $1.12 annualized dividend and a yield of 2.06%. Chemical Financial’s dividend payout ratio is currently 42.59%.
A number of equities analysts have recently issued reports on CHFC shares. Boenning Scattergood downgraded Chemical Financial from a “neutral” rating to an “under perform” rating and set a $41.50 price target on the stock. in a research report on Tuesday, September 19th. Zacks Investment Research raised shares of Chemical Financial from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods downgraded shares of Chemical Financial from an “outperform” rating to a “market perform” rating in a report on Thursday, October 26th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $55.00 price objective on shares of Chemical Financial in a research report on Friday, October 27th. Finally, ValuEngine lowered shares of Chemical Financial from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $55.57.
In related news, Director Larry D. Stauffer sold 1,900 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $53.19, for a total transaction of $101,061.00. Following the completion of the sale, the director now directly owns 15,853 shares of the company’s stock, valued at approximately $843,221.07. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ronald A. Klein sold 2,619 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $56.75, for a total value of $148,628.25. Following the sale, the director now directly owns 9,139 shares of the company’s stock, valued at $518,638.25. The disclosure for this sale can be found here. Insiders have sold a total of 13,619 shares of company stock valued at $755,964 over the last three months. Company insiders own 2.20% of the company’s stock.
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Chemical Financial Company Profile
Chemical Financial Corporation is a financial holding company. The Company operates in the commercial banking segment. The Company, through its subsidiary bank, Chemical Bank, offers banking and fiduciary products and services. These products and services include business and personal checking accounts, savings and individual retirement accounts, time deposit instruments, electronically accessed banking products, residential and commercial real estate financing, commercial lending, consumer financing, access to insurance and investment products, corporate and personal wealth management services, and other banking services.
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